PANVA GAS HOLD<08132> - Results Announcement (Final, 2004, Summary)
Panva Gas Holdings Limited announced on 17/03/2005:
(stock code: 08132 )
Year end date :31/12/2004
Currency :HKD
Auditors' report :Unqualified
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
(Audited) (Audited)
Current Last Corresponding
Period Period
from 1/1/2004 from 1/1/2003
to 31/12/2004 to 31/12/2003
$'000 $'000
Turnover : 1,800,253 1,457,632
Profit/(Loss) from Operations : 336,178 284,632
Finance cost : (27,826) (10,257)
Share of Profit/(Loss) of Associates : 83 N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 264,088 209,074
% Change Over the Last Period : +26.31%
EPS / (LPS)
Basic (in dollar) : HKD 0.2814 HKD 0.3397
Diluted (in dollar) : HKD 0.2638 HKD 0.3036
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 264,088 209,074
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final 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 : Yu Man To, Gerald
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. 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 (Revised) Chapter 22 of the Cayman Islands.
The shares are listed on the GEM of 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
pipleline network, the operation of Gas Fuel automobile refilling
stations and the sale LP Gas and natural gas household
appliances.
2. Earnings per share
The calculation of the earning per share for the year ended
31 December 2004 and 31 December 2003 was based on the net
profit of HK$264,088,000 and HK$209,074,000 respectively
and on the weighted average number of 938,499,000
ordinary shares and 615,401,000 ordinary shares in issue
during the respective periods.
Diluted earnings per share for the period ended 31 December 2004
was calculated based on the net profits of HK$278,500,000
adjusted for the interest on convertible note and on the
weighted average number of 1,055,691,000 shares, adjusted for
the outstanding share options of 19,341,000 shares and
convertible bonds of 97,851,116 shares during the period.
Diluted earnings per share for the period ended 31 December 2003
was calculated based on the net profits of HK$214,482,000
adjusted for the interest on convertible note and on the
weighted average number of 706,519,000 shares, adjusted for
the outstanding share options of 25,884,000 shares and
convertible bonds of 65,234,000 shares during the period.
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