MAN YUE INT'L<00894> - Results Announcement
Man Yue International Holdings Limited announced on 19/04/2005:
(stock code: 00894 )
Year end date: 31/12/2004
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
Note ('000 ) ('000 )
Turnover : 870,910 626,453
Profit/(Loss) from Operations : 81,189 52,194
Finance cost : (7,043) (5,364)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : (4,237) (4,413)
Profit/(Loss) after Tax & MI : 61,949 37,053
% Change over Last Period : +67.19 %
EPS/(LPS)-Basic (in dollars) : 0.1678 0.0992
-Diluted (in dollars) : 0.1677 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 61,949 37,053
Final Dividend : 2 cents NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 19/05/2005 to 25/05/2005 bdi.
Payable Date : 30/06/2005
B/C Dates for Annual
General Meeting : 19/05/2005 to 25/05/2005 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1) Earnings per share
The calculation of basic earnings per share is based on the net
profit attributable to shareholders for the year ended 31 December 2004 of
HK$61,949,000 (2003: HK$37,053,000), and the weighted average of 369,264,
000 (2003: 373,440,000) ordinary shares in issue during the year.
The calculation of diluted earnings per share is based on the net
profit attributable to shareholders for the year of HK$61,949,000. The
weighted average number of ordinary shares used in the calculation is the
369,264,000 ordinary shares in issue during the year, as used in the basic
earnings per share calculation, and the weighted average of 161,000
ordinary shares assumed to have been issued at no consideration on the
deemed exercise of all warrants outstanding during the year. The
Company's share options did not have a dilutive effect during the year.
No diluted earnings per share amount for the year ended 31
December 2003 has been shown as the Company's share options did not have a
dilutive effect for that year.
2) Bonus warrants issued by the Company during the year ended 31
December 2004
On 23 September 2004, the Company proposed a conditional bonus
warrant issue to the shareholders of the Company on the register of
members on 26 October 2004. The bonus warrant issue was made in the
proportion of one warrant for every six shares of the Company, resulting
in 62,142,333 warrants being issued. Each warrant entitles the holder
thereof to subscribe for one ordinary share of HK$0.10 at a subscription
price of HK$0.48 per share, subject to amendment, from 4 November 2004 to
3 November 2006 (both days inclusive). The warrants were issued to the
shareholders of the Company on 4 November 2004.
At 31 December 2004, the Company had 62,140,667 warrants
outstanding. The exercise in full of such warrants would, under the
present capital structure of the Company, result in the issue of 62,140,
667 additional shares of HK$0.10 each.
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