CITY TELECOM<1137> - Results Announcement (Summary)
City Telecom (H.K.) Limited announced on 24/5/2001:
(stock code: 1137)
Please refer to the press announcement for the details of the
auditors' and audit committee's review report on the interim financial
statement, to be issued by the Company on 25/5/2001.
Year end date: 31/8/2001
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/9/2000 from 1/9/1999
to 28/2/2001 to 29/2/2000
('000) ('000)
Turnover : 509,444 650,599
Profit/(Loss) from Operations : 6,833 (50,779)
Finance cost : (1,584) (1,342)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 5,817 (52,531)
% Change over Last Period : N/A
EPS/(LPS)-Basic : 1.2 cents (11.4 cents)
-Diluted : 1.2 cents N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 5,817 (52,531)
Interim Dividend per Share : 1 cent Nil
(Specify if with other options) : - -
B/C Dates for Interim Dividend : 13/6/2001 to 15/6/2001 bdi.
Payable Date : 28/6/2001
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : -
B/C Dates for Other Distribution : -
Remarks:
1. Comparative
As a result of adoption of Hong Kong Statement of Standard Accounting
Practice ("HKSSAP") No. 25 "Interim Financial Reporting" and revised
HKSSAP No. 1 "Presentation of Financial Statements" which became effective
for current period, certain comparative figures have been extended
accordingly.
2. The basis of calculation for basic EPS and diluted EPS of the current
period :
Six months ended
28th February
--------------------------
2001 2000
HK$'000 HK$'000
Profit/(loss) for the period 5,817 (52,531)
==========================
Number of Number of
shares in shares in
thousand thousand
Weighted average number of shares in issue 490,439 459,247
Incremental shares from assumed exercise of
share options 4,776 6,989
--------------------------
Diluted weighted average number of shares 495,215 466,236
==========================
(a) Earnings/(loss) per share are calculated based on weighted average
number of issued ordinary shares and, as appropriate, diluted ordinary
share equivalent outstanding for each of the relevant periods and the
related income amount. The number of incremental shares from assumed
exercised of stock options has been determined using the treasury stock
method.
(b) Diluted loss per share for the six months ended 29th February 2000 has
not been presented as the conversion of potential ordinary shares to
ordinary shares would have anti-dilutive effective to the basic loss per
share.
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