PANVA GAS HOLD<08132> - Results Announcement (Q1, 2004, Summary)
Panva Gas Holdings Limited announced on 14/5/2004:
(stock code: 08132 )
Year end date :31/12/2004
Currency :HKD
Auditors' report :N/A
1st Quarterly Report Reviewed by Audit Committee
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
(* Unaudited) (* Unaudited)
Current Last Corresponding
Period Period
from 1/1/2004 from 1/1/2003
to 31/3/2004 to 31/3/2003
$'000 $'000
Turnover : 411,238 348,724
Profit/(Loss) from Operations : 55,719 48,843
Finance cost : (2,759) (967)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 46,211 37,666
% Change Over the Last Period : +22.69%
EPS / (LPS)
Basic (in dollar) : HKD 0.0491 HKD 0.0623
Diluted (in dollar) : HKD 0.0453 HKD 0.0478
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 46,211 37,666
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
Panva Gas Holdings Limited
Signature :
Name : Ricky Chan
Title : Company Secretary
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are accurate
and complete in all material respects and not misleading and that there are no
other matters the omission of which would make the Information herein
inaccurate or misleading.The Directors acknowledge that the Stock Exchange
has no responsibility whatsoever with regard to the Information and
undertake to indemnify the Exchange against all liability incurred and all losses
suffered by the Exchange in connection with or relating to the Information.
1. Basis of Preparation
The Company was incorporated in Cayman Islands on 16 November
2000 as an exempted company with limited liability under the
Companies Law (2000 Revision) Chapter 22 of the Cayman Islands.
The shares have been listed on the GEM operated by the Stock
Exchange.
The Company is an investment holding company. Its subsidiaries are
principally engaged in the sale and distribution of Liquefied Petroleum
Gas ("LP Gas") and natural gas (together "Gas Fuel") in the People's
Republic of China including the sale of LP Gas in bulk and in cylinders,
the provision of piped LP Gas and natural gas, construction of gas
pipelines , the operation of city gas pipeline network, the operation
of Gas Fuel automobile refilling stations and the sale of LP Gas and
natural gas household appliances.
2. Earnings per share
The calculation of the earning per share for the period ended
31 March 2004 and 31 March 2003 was based on the net
profit of HK$46,211,000 and HK$37,666,000 respectively
and on the weighted average number of 941,650,891
ordinary shares and 605,076,000 ordinary shares in issue
during the respective periods.
Diluted earnings per share for the period ended 31 March 2004
was calculated based on the net profits of HK$48,064,000
adjusted for the interest on convertible note and on the
weighted average number of 1,060,137,629 shares, adjusted for
the outstanding share options of 20,635,622 shares and
convertible bonds of 97,851,116 shares during the period.
Diluted earnings per share for the period ended 31 March 2003
was calculated based on the net profits of HK$38,406,000
adjusted for the interest on convertible note and on the
weighted average number of 804,093,121 shares, adjusted for
the outstanding share options of 29,525,596 shares and
convertible note of 169,491,525 shares during the period.
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