CASH FIN SER GP<08122> - Results Announcement (Q1, 2006, Summary)
CASH Financial Services Group Limited announced on 09/05/2006:
(stock code: 08122 )
Year end date :31/12/2006
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 01/01/2006 from 01/01/2005
to 31/03/2006 to 31/03/2005
$'000 $'000
Turnover : 88,441 51,480
Profit/(Loss) from Operations : 28,218 8,363
Finance cost : (10,117) (1,361)
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 : 15,311 6,697
% Change Over the Last Period : +128.62%
EPS / (LPS)
Basic (in dollar) : HKD 0.012 HKD 0.009
Diluted (in dollar) : HKD 0.011 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 15,311 6,697
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
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 three months
ended 31 March 2006 together with the comparative figures for the prior
period are as follows:
Unaudited
three months
ended 31 March
2006 2005
HK$'000 HK$'000
Profit
Profit for the purpose of
basic earnings per share 15,311 6,697
Effect of dilutive potential
ordinary shares:
Interest on convertible loan note 107 -
------------ ---------
Profit for the purpose of
diluted earnings per share 15,418 6,697
============ =========
Number of shares
Weighted average number of
ordinary shares for the purpose
of basic earnings per share 1,326,548,099 754,556,448
Effect of dilutive potential
ordinary shares assumed
conversion of convertible loan
note 52,962,962 N/A
------------- -----------
Weighted average number of
ordinary shares for the purpose
of diluted earnings per share 1,379,511,061 754,556,448
============= ===========
In the opinion of the Directors, in the corresponding period of 2005,
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 periods.
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