SHUM YIP INV<0604> - Results Announcement
Shum Yip Investment Limited announced on 9/5/2000:
(stock code: 604)
Year end date: 31/12/1999
Currency: HKD (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/1/1999 from 1/1/1998
to 31/12/1999 to 31/12/1998
('000) ('000)
Turnover
- Continuing : 964,661 795,793
- Discontinued : - -
Operating Profit/(Loss)
- Continuing : 210,914 242,413
- Discontinued : - -
Total Operating Profit/(Loss) : 210,914 242,413
Share of Profit/(Loss) of
Associated Companies : 144,641 84,596
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 231,491 208,933
% Change over Last Period : +10.80%
EPS/(LPS)-Basic : 22.26 cents 20.14 cents
-Diluted : 21.16 cents 19.07 cents
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 231,491 208,933
Final Dividend per Share : 3.70 cents 3.70 cents
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : 9/6/2000 to 15/6/2000 bdi.
Payable Date : 21/7/2000
B/C Dates for Annual General Meeting : 9/6/2000 to 15/6/2000 bdi.
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
1999 1998
HK$'000 HK$'000
(1) TURNOVER
Turnover represents proceeds from sale of completed properties and
development properties, gross rental income, income from transportation
services and others. Details are as follows:
Sales of completed properties and
development properties 530,908 325,509
Gross rental income 126,202 117,428
Income from transportation services 256,246 304,521
Others 51,304 48,335
-----------------------
964,661 795,793
=======================
Further to the release of the final results announcement on teletext on
9/5/2000, the Company subsequently notified the Exchange that the
breakdowns in 1999 figures should be read as the above instead of the
previously stated as below:-
Sales of completed properties and
development properties 541,789
Gross rental income 126,202
Income from transportation services 251,962
Others 44,708
(2) EARNINGS PER SHARE
The calculation of the basic and diluted earnings per share is based on
the following data:
The calculation of basic earnings per share was based on the profit for
the year of HK$231,491,000 (1998: HK$208,933,000) and on the weighted
average number of 1,039,744,000 (1998: 1,037,500,000) shares in issue
during the year.
The calculation of diluted earnings per share was based on the net profit
for the year HK$231,491,000 (1998: HK$208,933,000) adjusted for the
interest on convertible bonds of approximately HK$11,234,000 (1998:
HK$13,401,000) and the diluted weighted average number of 1,147,168,128
(1998: 1,165,637,195) shares in issue during the year.
The diluted weighted average number of shares has calculated after taking
into consideration of the outstanding convertible bonds and share options
as of 31st December, 1999. The effect of the dilutive potential ordinary
shares that would result from conversion of the outstanding convertible
bonds on the weighted average number of shares in issue during the year
was 107,424,128 (1998: 128,137,195) shares.
The adjustment to comparative basic and diluted earnings per share arising
from the changes in accounting policy noted below is as follows:
Basic Diluted
HK cents HK cents
Reconcilation of 1998 earnings per share
Reported figure before adjustments 20.16 19.09
Adjustments arising from the
adoption of SSAP1 and 24 (0.02) (0.02)
------------------------
Restated 20.14 19.07
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For more details, please refer to the press announcement today.
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