E&E INT'L<0033> - Results Announcement
Elec & Eltek International Holdings Limited announced on 22/3/2000:
(stock code: 33)
Year end date: 30/6/2000
Currency: HK$ (unaudited)
(unaudited) Last
Current Corresponding
Period Period
from 1/7/19999 from 1/7/1998
to 31/12/1999 to 31/12/1998
('000) ('000)
Turnover
- Continuing : 105,444 863,510
- Discontinued : 0 0
Operating Profit/(Loss)
- Continuing : (11,553) 327,390
- Discontinued : 0 0
Total Operating Profit/(Loss) : (11,553) 327,390
Share of Profit/(Loss) of
Associated Companies : 65,619 1,992
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 52,190 270,070
% Change over Last Period : -80.7%
EPS/(LPS)-Basic : 5.44 cents 28.77 cents
-Diluted : 5.41 cents 28.77 cents
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 52,190 270,070
Interim Dividend per Share : 2.0 cents 4.5 cents
(Specify if with other options) : NIL NIL
B/C Dates for Interim Dividend : 25/4/2000 to 27/4/2000 bdi.
Payable Date : 28/4/2000
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
(1) Exceptional items
1999 1998
(HK$'000) (HK$'000)
Gain from disposal of 11,260,000 shares in
Elec & Eltek International Company Limited
("EEICL") on December 18,1998 0 258,093
Attributable gain on disposal of fixed assets
to EEICL in prior years not previously
recognised. This was because EEICL was a
subsidiary up to December 18, 1998 and
became an associated company thereafter 0 71,184
Provisions for diminutions in value of
investments properties and property
held for sale in mainland China and Thailand 0 (33,973)
Write-off preliminary expenses for the setting
up of new plants in mainland China 0 (69,264)
------- --------
0 226,040
======= ========
(2) Earnings per Share
1999 1998
(HK cents) (HK cents)
Basic 5.44 28.77
======== ========
Diluted 5.41 28.77
======== ========
(a) Basic
The calculation of basic earnings per share is based on the consolidated
net profit attributable to shareholders for the period of HK$52,190,000
(1998: HK$270,070,000) and the weighted average of 960,030,250 (1998:
938,569,217) ordinary shares in issue during the period.
(b) Diluted
The calculation of diluted earnings per share is based on the consolidated
net profit attributable to shareholders for the period HK$52,190,000
(1998: HK$270,070,000) and the weighted average of 964,254,544
(1998: 938,649,158) ordinary shares outstanding during the period
adjusted for the effects of all dilutive potential shares.
(c) Reconciliation
The weighted average number of shares used in the calculation of diluted
earnings per share is based on the weighted average of 960,030,250 (1998:
938,569,217) shares in issue during the period plus the weighted average
of 4,224,294 (1998: 79,941) shares deemed to be issued at no consideration
if all outstanding share options had been exercised.
For more details, please refer to the press announcement today.
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