SCMP(HOLDINGS)<0583> - Results Announcement
South China Morning Post (Holdings) Limited announced on 25/2/2000:
(stock code: 583)
Year end date: 30/6/2000
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/7/1999 from 1/7/1998
to 31/12/1999 to 31/12/1998
('000) ('000)
Turnover
- Continuing : 890,121 840,889
- Discontinued : N/A N/A
Operating Profit/(Loss)
- Continuing : 298,863 259,211
- Discontinued : N/A N/A
Total Operating Profit/(Loss) : 320,163 247,681
Share of Profit/(Loss) of
Associated Companies : 3,856 (1,531)
Share of Profit/(Loss) of
Jointly Controlled Entities : (1,420) (1,640)
Profit/(Loss) after Tax & MI : 278,225 207,316
% Change over Last Period : +34.20%
EPS/(LPS)-Basic : 16.07 cents 11.98 cents
-Diluted : 16.07 cents N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 278,225 207,316
Interim Dividend per Share : 15 cents 10 cents
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : 11/4/2000 to 14/4/2000 bdi.
Payable Date : 28/4/2000
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks :
(1) The profit from ordinary activities before taxation is stated after
(charging)/crediting the following non-operating items :
1999 1998
HK$'000 HK$'000
Gain on disposal of long term investment
shares 21,300 -
Provision for investment properties - (43,000)
A profit on sale of 49% interest of four
magazines titles to Haymarket Group
Limited - 31,470
-------- --------
21,300 (11,530)
======== ========
(2) The calculation of basic earnings per share is based on the net profit
attributable to shareholders of HK$278.2 million (1998: HK$207.3 million)
and 1,730,999,996 (1998: 1,730,999,996) shares in issue during the period.
There was no dilution effect on the basic earnings per share for 1998 as
the exercise price of the share options outstanding during the period
ended 31 December 1998 was greater than the average market price of the
Company's shares.
The calculation of diluted earnings per share for 1999 is based on the net
profit attributable to shareholders of HK$278.2 million and 1,731,532,701
shares which represent the 1,730,999,996 shares in issue during the
period plus the weighted average number of 532,705 shares deemed to be
issued at no consideration if all Scheme (b) Options (*) have been
exercised. As the exercise price of Scheme (a) Options (*) outstanding
during the period was greater than the average market price of the
Company's shares, there was no dilution effect on earnings per share.
* Scheme (a) Options represent Employees Share Option Scheme adopted on 5
June 1990 while Scheme (b) Options represent Employees Share Option
Scheme adopted on 27 October 1997.
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