CHEONG MING INV<01196> - Results Announcement (Summary)
Cheong Ming Investments Limited announced on 24/7/2002:
(stock code: 1196)
Year end date: 31/3/2002
Currency: HKD
Auditors' Report: Modified
Review of Interim Report by: N/A
(Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/4/2001 from 1/4/2000
to 31/3/2002 to 31/3/2001
('000) ('000)
Turnover : 283,270 297,281
Profit/(Loss) from Operations : 17,751 2,093
Finance cost : (625) (1,912)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - 26
Profit/(Loss) after Tax & MI : 15,176 1,428
% Change over Last Period : +962.7%
EPS/(LPS)-Basic : 3.4 cents 0.2 cent
-Diluted : 3.4 cents 0.2 cent
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 15,176 1,428
Final Dividend per Share : 1.5 cents 1 cent
(Specify if with other options) : N/A -
B/C Dates for Final Dividend : 2/9/2002 to 5/9/2002 bdi.
Payable Date : 12/9/2002
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
1. 1/4/2001 - 31/3/2002 1/4/2000 - 31/3/2001
HK$'000 HK$'000
Turnover
Continuing operations 283,270 296,935
Discontinued operation - 346
-------- -----------
283,270 297,281
======= =======
2. Profit / ( loss ) from Operation
1/4/2001 - 31/3/2002 1/4/2000 - 31/3/2001
HK$'000 HK$'000
Continuing operations 17,751 19,094
Discontinued operation - (17,001 )
---------- ---------
17,751 2,093
======= =======
3. Certain comparative figures have been reclassified to confirm with the
current year's presentation.
4. Earnings per share
Basic earnings per share:
The calculation of basic earnings per share is based on the Group's net
profit from ordinary activities attributable to shareholders for the year
of HK$15,176,000 (2001:HK$1,428,000) and the weighted average number of
440,176,370( 2001: 629,635,274,as adjusted for the 1 for 4 bonus issue )
ordinary shares in issue during the year.
Diluted earnings per share :
The calculation of diluted earnings per share is based on the Group's net
profit from ordinary activities attributable to shareholders for the year
of HK$15,176,000 (2001:HK$1,428,000). The weighted average number of
ordinary shares used in the calculation is 440,176,370 (2001:629,635,274,
as adjusted for the 1 for 4 bonus issue ) ordinary shares in issue during
the year, as used in basic earnings per share calculation, and the
weighted average of 1,680,811 (2001:7,691,630 as adjusted for the 1 for 4
bonus issue) ordinary shares assumed to have been issued at no
consideration on the deemed exercise of all share options during the year.
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