PANVA GAS HOLD<08132> - Results Announcement (Q2, 2004, Summary)
Panva Gas Holdings Limited announced on 13/8/2004:
(stock code: 08132 )
Year end date :31/12/2004
Currency :HKD
Auditors' report :N/A
2nd Quarterly Report Reviewed by Audit Committee & Auditors
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 30/6/2004 to 30/6/2003
$'000 $'000
Turnover : 848,634 702,990
Profit/(Loss) from Operations : 119,496 106,556
Finance cost : (5,155) (3,564)
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 : 95,356 83,016
% Change Over the Last Period : +14.86%
EPS / (LPS)
Basic (in dollar) : HKD 0.102 HKD 0.1372
Diluted (in dollar) : HKD 0.094 HKD 0.1027
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 95,356 83,016
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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 : Gerald Yu
Title : Chief Financial Officer
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.
Remarks:
1. General
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 Growth Enterprise Market ("GEM")
operated by The Stock Exchange of Hong Kong Limited ("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.
The condensed financial statements have been prepared in accordance with the
applicable disclosure requirements of Chapter 18 of the Rules Governing
the Listing of Securities on the GEM of the Stock Exchange and with
Statement of Standard Accounting Practice No. 25 ("SSAP 25") "Interim
Financial Reporting".
2. Earnings per share
The calculation of the earnings per share for the period ended
30 June 2004 and 30 June 2003 was based on the net profit of
HK$95,356,000 and HK$83,016,000 respectively and on the
weighted average number of 934,705,000 ordinary shares
and 605,076,000 ordinary shares in issue during the
respective periods.
Diluted earnings per share for the period ended 30 June 2004
was calculated based on the net profits of HK$98,975,000
adjusted for the interest on convertible note and on the
weighted average number of 1,052,579,000 shares, adjusted for
the outstanding share options of 20,023,000 shares and
convertible bonds of 97,851,000 shares during the period.
Diluted earnings per share for the period ended 30 June 2003
was calculated based on the net profits of HK$86,002,000
adjusted for the interest on convertible note and on the
weighted average number of 837,569,000 shares, adjusted for
the outstanding share options of 29,812,000 shares and
convertible note of 169,491,000 shares and convertible bonds of
33,190,000 shares issued during the period.
3. Profit from operations
Interest income previously classified as investment income has been
reclassified as part of the profit from operations to reflect
the fair presentation.
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