SYNERGIS HOLD<02340> - Results Announcement
Synergis Holdings Limited announced on 03/06/2005:
(stock code: 02340 )
Year end date: 31/03/2005
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/04/2004 from 01/04/2003
to 31/03/2005 to 31/03/2004
Note ('000 ) ('000 )
Turnover : 382,445 387,969
Profit/(Loss) from Operations : 30,810 38,757
Finance cost : (13) (664)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : (166) (773)
Profit/(Loss) after Tax & MI : 25,837 31,611
% Change over Last Period : -18.3 %
EPS/(LPS)-Basic (in dollars) : 0.078 0.111
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 25,837 31,611
Final Dividend : 4.0 CENTS 3.0 CENTS
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 25/07/2005 to 28/07/2005 bdi.
Payable Date : 04/08/2005
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. BASIS OF PREPARATION
The accounts have been prepared in accordance with accounting principles
generally accepted in Hong Kong and comply with accounting standards
issued by the Hong Kong Institute of Certified Public Accountants ("
HKICPA"). They have been prepared under the historical cost convention
except that investment properties and other investments are stated at fair
value.
The HKICPA has issued a number of new and revised Hong Kong Financial
Reporting Standards and Hong Kong Accounting Standards ("new HKFRSs")
which are effective for accounting periods beginning on or after 1 January
2005. The Group has not early adopted these new HKFRSs in the financial
statements for the year ended 31st March 2005. The Group has already
commenced an assessment of the impact of these new HKFRSs but is not yet
in a position to state whether these new HKFRSs would have a significant
impact on its results of operations and financial position.
2 TURNOVER AND OTHER REVENUES
The Group is principally engaged in the provision of property management
and facility management services, security services, cleaning services,
laundry services, repair and maintenance works and trading of related
products. Revenues recognised during the year are as follows:
2005 2004
HK$'000 HK$'000
Turnover
Property management and facility management services 337,929 349,309
Security services 10,865 10,957
Cleaning services 9,481 7,955
Laundry services 2,123 2,050
Repair and maintenance works 17,436 13,894
Trading of related products 4,611 3,804
------- ---------
382,445 387,969
------- ---------
Other revenues
Copying services 702 637
Rental income 184 179
Membership programmes 180 -
Dividend income from other investments - 144
Interest income on bank deposits and other investments 508 505
Support service income from a related company - 200
Net unrealised gain on other investments - 420
Gain on disposal of other investments 82 1,396
Miscellaneous income 1,277 761
------- ---------
2,933 4,242
------- ---------
385,378 392,211
======= =========
3. OPERATING PROFIT
Operating profit is stated after crediting and charging the following:
2005 2004
HK$'000 HK$'000
Crediting
Net exchange gain - 167
Net unrealised gain on other investments - 420
Gain on disposal of other investments 82 1,396
Write back of provision for retirement benefit costs - 5,228
======= =======
Charging
Staff costs, including directors' emoluments 284,935 249,838
Depreciation 4,053 2,826
Auditors' remuneration 627 581
Loss on disposal of fixed assets 160 15
Provision for doubtful debts 297 8
Costs of brand-building program - 4,284
Operating lease rental on land and buildings 3,287 3,151
======= =======
4. EARNINGS PER SHARE
The calculation of basic earnings per share is based on the Group's profit
attributable to shareholders of HK$25,837,000 (2004: HK$31,611,000) and
the weighted average number of ordinary shares of 332,000,000 in issue
during the year (2004: 284,362,000).
No diluted earnings per share for the year ended 31st March 2005 is
presented because there were no dilutive potential ordinary shares
outstanding during the year (2004: Nil).
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