SINGAMAS CONT<00716> - Results Announcement
Singamas Container Holdings Limited announced on 20/03/2006:
(stock code: 00716 )
Year end date: 31/12/2005
Currency: USD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
Note ('000 ) ('000 )
Turnover : 842,936 532,793
Profit/(Loss) from Operations : 57,404 32,538
Finance cost : (9,330) (5,193)
Share of Profit/(Loss) of
Associates : 1,208 1,065
Share of Profit/(Loss) of
Jointly Controlled Entities : 9,683 20,828
Profit/(Loss) after Tax & MI : 44,899 39,636
% Change over Last Period : +13.28 %
EPS/(LPS)-Basic (in dollars) : 0.0735 0.0737
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 44,899 39,636
Final Dividend : HK 9 cents HK 12 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 15/05/2006 to 18/05/2006 bdi.
Payable Date : 31/07/2006
B/C Dates for Annual
General Meeting : 15/05/2006 to 18/05/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Turnover
An analysis of the Group's turnover and profit from operations for the
period ended 31st December, 2005 and 2004 is as follows:
2005
Container
Container depot /
manufacturing terminal Mid-stream Eliminations Total
US$'000 US$'000 US$'000 US$'000 US$'000
REVENUE
External sales
809,166 18,501 15,269 - 842,936
Inter-segment sales
- 3,647 54 (3,701) -
------------------------------------------------------------------------
Total
809,166 22,148 15,323 (3,701) 842,936
------------------------------------------------------------------------
Inter-segment sales are charged at prevailing market prices.
SEGMENT RESULTS
48,572 5,604 3,228 57,404
--------------------------------------
Finance costs (9,330)
Investment income 1,186
Share of results of associates
18 1,190 - 1,208
Share of results of jointly controlled entities
8,732 951 - 9,683
-------
Profit before taxation 60,151
Income tax expense
(5,500) (373) (273) (6,146)
-------
Profit for the year 54,005
-------
2004
Container
Container depot /
manufacturing terminal Mid-stream Eliminations Total
US$'000 US$'000 US$'000 US$'000 US$'000
REVENUE
External sales
498,228 14,945 19,620 - 532,793
Inter-segment sales
- 5,026 342 (5,368) -
------------------------------------------------------------------------
Total
498,228 19,971 19,962 (5,368) 532,793
Inter-segment sales are charged at prevailing market prices.
SEGMENT RESULTS
24,204 5,190 3,144 32,538
--------------------------------------
Finance costs (5,193)
Investment income 1,221
Share of results of associates
(17) 1,082 - 1,065
Share of results of jointly controlled entities
19,975 853 - 20,828
-------
Profit before taxation 50,459
Income tax expense
(2,555) (264) (297) (3,116)
-------
Profit for the year 47,343
-------
2. Earnings per share - basic
The calculation of basic earnings per share attributable to the ordinary
equity holders of the Company is based on the following data:
2005 2004
US$'000 US$'000
Earnings:
Earnings for the purposes of calculating earnings per share
44,899 39,636
-----------------------
Number of shares:
Weighted average number of ordinary shares for the
purposes of calculating earnings per share
611,228,760 537,947,552
============================
There were no potential dilutive shares throughout the both years
presented.
3. Share of profit of associates and Share of profit of jointly
controlled entities
In the last corresponding period, the Group's share of taxation of
associates and jointly controlled entities were not included in the share
of results of associates and jointly controlled entities. In this
reporting period, due to the adoption of new Hong Kong Financial Reporting
Standards, the Group's share of taxation of associates and jointly
controlled entities are included in the share of results of associates and
jointly controlled entities. In order to conform with the presentation of
this period, "Share of profits/(loss) of associates" and "Share of
profits/(loss) of jointly controlled entities" presented in the last
corresponding period were restated.
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