CHAODA MODERN<00682> - Results Announcement (Summary)
Chaoda Modern Agriculture (Holdings) Limited announced on 29/10/2002:
(stock code: 682)
Year end date: 30/6/2002
Currency: RMB
Auditors' Report: Unqualified
Review of Interim Report by: N/A
(Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/7/2001 from 1/7/2000
to 30/6/2002 to 30/6/2001
('000) ('000)
Turnover : 1,152,133 725,546
Profit/(Loss) from Operations : 664,781 444,032
Finance cost : (6,028) (1,588)
Share of Profit/(Loss) of Associates : 19,080 N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 621,924 440,821
% Change over Last Period : +41%
EPS/(LPS)-Basic : RMB35 cents RMB31 cents
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 621,924 440,821
Final Dividend per Share : RMB9.529 cents RMB7.738 cents
(HK9.0 cents) (HK7.3 cents)
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : 4/12/2002 to 11/12/2002 bdi.
Payable Date : on or before 31/12/2002
B/C Dates for Annual General Meeting : 4/12/2002 to 11/12/2002 bdi.
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
(1) The financial statements have been prepared under historical cost
convention in accordance with accounting principles generally accepted in
Hong Kong and comply with Statements of Standard Accounting Practice
issued by the Hong Kong Society of Accountants.
(2) The calculation of the earnings per share is based on the profit
attributable to shareholders of RMB621,924,000 (2001: RMB440,821,000) and
the weighted average number of 1,793,753,000 (2001: 1,416,986,000) shares
in issue during the year.
There was no potential dilutive ordinary shares in existence for the years
ended 30th June 2002 and 2001, therefore, no diluted earnings per share
was presented.
(3) An analysis of turnover and profit from continuing operations:
Year ended 30th June 2002
Sales of
Growing Breeding ancillary
and sales and sales of food
of crops Livestock products Total
RMB'000 RMB'000 RMB'000 RMB'000
Turnover 1,128,253 21,356 2,524 1,152,133
Cost of sales (292,305) (5,982) (1,889) (300,176)
---------- -------- ------- ----------
Gross profit 835,948 15,374 635 851,957
Unallocated items:-
Other revenue 19,202
Selling and distribution expenses (104,134)
General and administrative expenses (55,238)
Research expenses (46,000)
Net other operating expenses (1,006)
----------
Operating profit 664,781
==========
4. The audited operating results of the Company for the year ended 30
June, 2002 set out in the above summary supercede the unaudited operating
results of the Company for the year ended 30 June, 2002 as announced (and
were then described as "audited") on the AMS/3 trading system of The Stock
Exchange of Hong Kong Limited and the website of Hong Kong Exchange on 21
October, 2002.
For more details, please refer to the press announcement today.
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