SHENZHEN INVEST<00604> - Results Announcement (Summary)
Shenzhen Investment Limited announced on 23/4/2003:
(stock code: 00604 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 1/1/2002 from 1/1/2001
to 31/12/2002 to 31/12/2001
Note ('000 ) ('000 )
Turnover : 1,333,610 1,357,835
Profit/(Loss) from Operations : 274,537 315,663
Finance cost : (119,046) (136,633)
Gain on deemed disposal of an
associate : - 92,763
Share of Profit/(Loss) of
Associates : 399,819 396,153
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 280,699 353,280
% Change over Last Period : -20.54 %
EPS/(LPS)-Basic (in dollars) : 0.1194 0.1628
-Diluted (in dollars) : 0.1177 0.16
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 280,699 353,280
Final Dividend : 2.50 cents 2.50 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 28/5/2003 to 3/6/2003 bdi.
Payable Date : 12/6/2003
B/C Dates for Annual
General Meeting : 28/5/2003 to 3/6/2003 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. DIVIDENDS
On 30 July 2002, the Company had passed an ordinary resolution to approve
that every ordinary share of HK$0.10 in the issued and unissued shares of
the Company was subdivided into two shares of HK$0.05 each ( Subdivided
Shares).The proposed final dividend for the year ended 31December 2001 and
the interim dividend for the six months ended 30 June 2002 of HK$5.00cents
and HK$3.00cents per then share respectively have been adjusted to
HK$2.50cents and HK$1.50cents per Subdivided Shares respectively.
2. EARNINGS PER SHARE
The calculation of basic earnings per share was based on the net profit
attributable to shareholders for the year of HK$280,699,000 (2001:
HK$353,280,000) and on the weighted average number of 2,350,951,063 (2001:
2,170,619,726) shares in issue during the year. The weighted average
number of shares outstanding for the year ended 31December 2001 has been
retrospectively adjusted for the effect of the subdivision of shares.
The calculation of diluted earnings per share for the year ended 31
December 2002 was based on the net profit attributable to shareholders for
the year of HK$280,699,000 (2001: HK$353,280,000). The weighted average
number of ordinary shares used in the calculation is the 2,350,951,063
(2001: 2,170,619,726) ordinary shares in issue during the year, as used in
the basic earnings per share calculation, and the weighted average of
33,975,923 (2001: 37,911,428) ordinary shares assumed to have been issued
at no consideration on the deemed exercise of all share options granted
during the year. The convertible bonds have not been included in the
calculation of diluted earnings per share for the years ended 31 December
2001 and 2002 since their effects are anti-dilutive. The weighted average
number of ordinary shares assumed to have been issued at no consideration
for the year ended 31 December 2001 has been retrospectively adjusted for
the effect of the subdivision of shares.
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