SCMP(HOLDINGS)<0583> - Results Announcement

South China Morning Post (Holdings) Limited announced on 15/9/2000:
(stock code: 583)
Year end date: 30/6/2000
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/1999    from 1/7/1998
                                           to 30/6/2000     to 30/6/1999
                                           ('000)           ('000)
Turnover                                 : 1,912,913        1,648,513
Profit/(Loss) from Operations            : 689,525          458,544
Finance cost                             : (1,564)          (5,348)
Share of Profit/(Loss) of Associates     : 7,038            (2,792)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : (3,184)          (863)
Profit/(Loss) after Tax & MI             : 593,888          389,433
% Change over Last Period                : +52.5%
EPS/(LPS)-Basic                          : 34.30 cents      22.50 cents
         -Diluted                        : 34.28 cents      N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 593,888          389,433
Final Dividend per Share                 : 15 cents         15 cents
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 30/10/2000 to 3/11/2000 bdi.
Payable Date                             : 7/11/2000
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remarks:

(1) Turnover
                                                2000            1999
                                                HK$'000         HK$'000
Turnover comprises:                             
Newspapers, magazines and other publications    1,262,724       1,028,370
Entertainment, recreation and education
  services                                      172,957         161,681
Retailing                                       359,664         344,672
Video and film post production                  34,734          30,732
Gross rental income                             82,834          83,058
                                                --------------------------
Total                                           1,912,913       1,648,513
                                                ==========================

(2) Earnings per share

The calculation of basic earnings per share is based on the net profit for 
the year attributable to shareholders of HK$593,888,000 (1999: 
HK$389,433,000) and the weighted average of 1,731,388,275 (1999: 
1,730,999,996) shares in issue during the year. 

The diluted earnings per share for the year is based on the net profit for 
the year attributable to shareholders of HK$593,888,000 and the weighted 
average of 1,731,388,275 shares in issue during the year plus 1,265,350 
dilutive shares deemed to have been issued for no consideration in respect 
of share options outstanding during the year.

No diluted earnings per share was presented for the year ended 30 June 
1999 as there was no dilution effect on the basic earnings per share for 
the year ended 30 June 1999.

(3) Comparative amounts

Due to the adoption of revised SSAPs during the current year, the 
presentation of the profit and loss account has been revised to comply 
with the new requirements. Accordingly, certain comparative amounts have 
been reclassified to conform with the current year's presentation.