CHEONG MING INV<01196> - Results Announcement
Cheong Ming Investments Limited announced on 23/12/2003:
(stock code: 01196 )
Year end date: 31/3/2004
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 1/4/2003 from 1/4/2002
to 30/9/2003 to 30/9/2002
Note ('000 ) ('000 )
Turnover : 260,185 214,707
Profit/(Loss) from Operations : 24,808 (5,757)
Finance cost : (111) (182)
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 : 21,423 (7,043)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : 0.05 (0.017)
-Diluted (in dollars) : 0.049 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 21,423 (7,043)
Interim Dividend : 1 cent 1 cent
per Share
(Specify if with other : N/A (with scrip
options) option)
B/C Dates for
Interim Dividend : 2/2/2004 to 4/2/2004 bdi.
Payable Date : 11/2/2004
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Certain comparative figures have been reclassified to confirm with the
current period's presentation.
2. EARNINGS/(LOSS) PER SHARE :
The calculation of basic earnings / ( loss ) per share is based on the
Group's unaudited consolidated net profit from ordinary activities
attributable to shareholders for the period of HK$21,423,000 ( 2002: net
loss from ordinary activities attributable to shareholders of HK$7,043,000
as restated ) and the weighted average of 432,331,061 ordinary shares in
issue ( 2002: 417,875,000 ) during the period.
The calculation of diluted earnings per share for the period ended 30
September 2003 is based on the Group's unaudited consolidated net profit
from ordinary activities attributable to shareholders of HK$21,423,000.
The weighted average number of ordinary shares used in the calculation was
432,331,061 ordinary shares in issue as used in basic earnings per share
calculation, and the weighted average of 1,008,888 ordinary shares assumed
to have been issued at no consideration on the deemed exercise of all
share options during the period
Diluted loss per share amount for the period ended 30 September 2002 has
not been presented because the potential ordinary shares outstanding had
an anti-dilutive effect on the basic loss per share for the period.
3. PRIOR YEAR ADJUSTMENT:
The accounting policies and basis of preparation are consistent with those
followed in the preparation of the Group's most recent published annual
financial statements for the year ended 31 March 2003, except that
Statements of Standard Accounting Practice ( " SSAPs " ) 12 ( Revised ) "
Income taxes " has been adopted for the first time in the preparation of
this interim financial statements.
The adoption of the SSAP12 ( Revised ) represents a change in accounting
policy, which has been applied retrospectively so that certain comparative
amounts presented have been restated to conform to the changed policy. As
a result, the loss for the six months ended 30 September 2002 has been
decreased by HK$235,000 to HK$7,043,000.
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