CASH FIN SER GP<08122> - Results Announcement (Final, 2005, Summary)
CASH Financial Services Group Limited announced on 17/03/2006:
(stock code: 08122 )
Year end date :31/12/2005
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 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
$'000 $'000
Turnover : 213,557 239,972
Profit/(Loss) from Operations : 38,415 29,910
Finance cost : (14,568) (8,748)
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 : 26,626 20,388
% Change Over the Last Period : +30.60%
EPS / (LPS)
Basic (in dollar) : HKD 0.032 HKD 0.032
Diluted (in dollar) : HKD 0.03 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 26,626 20,388
Final Dividends per Share : NIL HK$0.01
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends : N/A
Payable Date : N/A
B/C Dates for Annual General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
CASH Financial Services Group Limited
Signature :
Name : Law Ping Wah
Title : Director
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading.The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard to
the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.
Remarks:
1. Earnings per share
The calculation of basic and diluted earnings per share
attributable to the ordinary equity holders of the Company for the
year ended 31 December 2005 together with the comparative figures
for 2004 are based on the following data:
2005 2004
HK$'000 HK$'000
(restated)
Profit
Profit for the purpose of basic
earnings per share 26,626 20,388
Effect of dilutive potential ordinary shares:
Interest on convertible loan note 1,351 -
___________ ___________
Profit for the purpose of diluted
earnings per share 27,977 20,388
=========== ===========
Number of shares
Weighted average number of ordinary
shares for the purpose of basic
earnings per share 832,131,859 642,409,860
Effect of dilutive potential ordinary
shares assumed conversion of
convertible loan note 112,962,963 N/A
____________ ____________
Weighted average number of ordinary
shares for the purpose of diluted
earnings per share 945,094,822 642,409,860
============ ============
In the opinion of the Directors, in 2004, the computation of
diluted earnings per share does not assume the conversion of the
Company's outstanding convertible loan note due to insignificant
effect.
The computation of diluted earnings per share does not assume the
exercise of the Company's outstanding share options as the exercise
prices of those options were higher than the average market price
for shares for both years.
2. Adoption of new and revised Hong Kong Financial Reporting
Standards. In the current year, the Group has adopted
all of the new and revised Hong Kong Financial Reporting
Standards ("HKFRS") and Hong Kong Accounting Standards ("HKAS")
(collectively "HKFRSs") issued by the Hong Kong Institute of
Certified Public Accountants which are relevant to its
operations and effective for accounting periods beginning
on or after 1 January 2005 for the preparation of these financial
statements. The 2004 comparatives have been restated, as required,
in accordance with the relevant requirements.
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