MIDAS INT'L<01172> - Results Announcement
Midas International Holdings Limited announced on 18/04/2006:
(stock code: 01172 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
Note ('000 ) ('000 )
Turnover : 758,303 736,879
Profit/(Loss) from Operations : 60,949 76,881
Finance cost : (7,196) (8,058)
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 : 43,014 58,330
% Change over Last Period : -26.3 %
EPS/(LPS)-Basic (in dollars) : 0.081 0.109
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 43,014 58,330
Final Dividend : 3.3 cents 3.3 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 25/05/2006 to 29/05/2006 bdi.
Payable Date : 09/06/2006
B/C Dates for Annual
General Meeting : 25/05/2006 to 29/05/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
ADJUSTMENT OF RESULTS FOR THE LAST CORRESPONDING PERIOD
In the current year, the Group has adopted Hong Kong Accounting Standard
(the "HKAS") 32 "Financial Instruments: Disclosure and Presentation". On
adoption of HKAS 32, the finance cost and profit for 2004 has been
restated in order to reflect the dividends on the redeemable preference
shares as finance cost. The effect of the change is an increase in
finance costs of approximately HK$2,281,000 for the year ended 31st
December 2004.
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