CSCL<02866> - Results Announcement
China Shipping Container Lines Company Limited announced on 28/08/2006:
(stock code: 02866 )
Year end date: 31/12/2006
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
Note ('000 ) ('000 )
Turnover : 13,973,202 13,495,759
Profit/(Loss) from Operations : 413,748 2,737,734
Finance cost : (246,302) (193,011)
Share of Profit/(Loss) of
Associates : 3,656 2,481
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 81,194 2,144,010
% Change over Last Period : -96.21 %
EPS/(LPS)-Basic (in dollars) : 0.01 0.36
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 81,194 2,144,010
Interim Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
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. ACCOUNTING POLICIES
The accounting policies adopted are consistent with those of the annual
financial statements for the year ended 31 December, 2005.
The adoption of the new standards, interpretations and amendments to
standards in the current period which are relevant to the Groups
operations and are mandatory for financial year ending 31 December, 2006
did not have any significant effect on the interim condensed consolidated
financial statements or result in any significant change in the Group's
accounting policies.
For six months ended 30 June, 2005, the Group disclosed interest income,
bank charges and foreign exchange gains/losses within "net financing
charge". Management believes that their inclusion in "other income" and "
administrative and general expenses" respectively is a fairer presentation
of the Group's activities.
2. Earnings per share
Basic earnings per share is based on the profit attributable to equity
holders of the Company of RMB 81,194,000 and 6,030,000,000 shares in issue
during the period (for six months ended 30 June, 2005: profit attributable
to equity holders of the Company of RMB 2,144,010,000 and number of shares
of 6,030,000,000).
Diluted earnings per share has not been presented as the Company has no
potential dilutive ordinary shares during the period.
3. Dividend
(i) At a meeting held on 18 April, 2006 the directors proposed a final
dividend of RMB 0.12 (2004: RMB 0.2) per ordinary share totaling RMB 723,
600,000 (2004: RMB 1,206,000,000) for the year ended 31 December, 2005. As
at 30 June, 2006, a total amount of RMB 290,400,000 was paid to H share
holders.
(ii) The directors do not recommend the payment of the interim dividend
for six months ended 30 June, 2006 (2005: nil).
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