Listed Company Information
 

MIDAS INT'L<01172> - Results Announcement

Midas International Holdings Limited announced on 07/09/2004:
(stock code: 01172 )
Year end date: 31/12/2004
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2004    from 01/01/2003
                                     to 30/06/2004      to 30/06/2003 
                               Note  ('000      )       ('000      )
Turnover                           : 307,662            274,634           
Profit/(Loss) from Operations      : 28,515             27,603            
Finance cost                       : (2,832)            (3,231)           
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       : 22,225             20,297            
% Change over Last Period          : +9.5      %
EPS/(LPS)-Basic (in dollars)       : 0.039              0.047             
         -Diluted (in dollars)     : 0.039              0.034             
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 22,225             20,297            
Interim Dividend                   : 1.2 cents          1 cent            
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : 27/09/2004         to 28/09/2004bdi.
Payable Date                       : 08/10/2004
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

EARNINGS PER SHARE

The calculation of the basic and diluted earnings per share for the period 
is based on the following data:

                                                For the six
                                                months ended 30th June,
                                                2004            2003
                                                HK$'000         HK$'000
Net profit for the period                       22,225          20,297
Dividend on preference shares                   (1,361)         (1,930)
                                                --------        --------
Earnings for the purposes of basic earnings
  per share and diluted earnings per share      20,864          18,367
                                                ========        ========

                                                Number of shares
Weighted average number of ordinary shares
  for the purposes of basic earnings per share  534,290,068    390,168,521
Effect of dilutive potential ordinary shares:
  - Convertible preference shares               -              144,000,000
  - Share options                               -              21,816
                                                ------------   -----------
Weighted average number of ordinary shares for
  the purposes of diluted earnings per share    534,290,068    534,190,337
                                                ============   ===========