COMBA<02342> - Results Announcement
Comba Telecom Systems Holdings Limited announced on 15/04/2005:
(stock code: 02342 )
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 : 1,092,761 806,232
Profit/(Loss) from Operations : 263,774 226,678
Finance cost : (9,531) (5,542)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 255,105 211,162
% Change over Last Period : +20.8 %
EPS/(LPS)-Basic (in dollars) : 0.3071 0.2991
-Diluted (in dollars) : 0.3003 0.2967
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 255,105 211,162
Final Dividend : 5 cents 5 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 23/05/2005 to 25/05/2005 bdi.
Payable Date : 31/05/2005
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. IMPACT OF RECENTLY ISSUED HONG KONG FINANCIAL REPORTING STANDARDS
("HKFRSs")
The Hong Kong Institute of Certified Public Accountants has issued a
number of new and revised Hong Kong Financial Reporting Standards and Hong
Kong Accounting Standards, herein collectively referred to as the new
HKFRSs, which are generally 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 31 December 2004. 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. BASIS OF PREPARATION
The financial results have been prepared in accordance with Hong Kong
Financial Reporting Standards (which also include Statements of Standard
Accounting Practice and Interpretations) issued by the Hong Kong Institute
of Certified Public Accountants, accounting principles generally accepted
in Hong Kong and the disclosure requirements of the Hong Kong Companies
Ordinance. They have been prepared under the historical cost convention,
except for the periodic remeasurement of certain fixed assets.
3. EARNINGS PER SHARE
The calculations of basic and diluted earnings per share are based on:
Earnings
2004 2003
HK$ HK$
Net profit attributable to shareholders,
used in the basic and diluted earnings
per share calculations 255,105,000 211,162,000
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Shares
Number of shares
2004 2003
Weighted average number of ordinary shares
in issue during the year used in basic
earnings per share calculation 830,693,000 706,000,000
Weighted average number of ordinary shares:
Assumed issued at no consideration on deemed
exercise of all share options outstanding
during the year 18,700,000 5,731,000
______________ ______________
Weighted average number of ordinary shares
used in diluted earnings per share
calculation 849,393,000 711,731,000
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