CHEVALIER CONS<00579> - Results Announcement (Summary)
Chevalier Construction Holdings Limited announced on 18/12/2001:
(stock code: 579)
Year end date: 31/3/2002
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/4/2001 from 1/4/2000
to 30/9/2001 to 30/9/2000
('000) ('000)
Turnover : 245,687 569,710
Profit/(Loss) from Operations : (1,267) (19,041)
Finance cost : (611) (471)
Share of Profit/(Loss) of Associates : 963 403
Share of Profit/(Loss) of
Jointly Controlled Entities : (238) (453)
Profit/(Loss) after Tax & MI : (1,382) (19,756)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (0.55 cent) (8.63 cents)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (1,382) (19,756)
Interim Dividend per Share : Nil Nil
(Specify if with other options) : - -
B/C Dates for Interim Dividend : N/A
Payable Date : N/A
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. LOSS FROM OPERATIONS
Loss from operations has been arrived at after
Six months ended 30th September
Charging : 2001 2000
HK$'000 HK$'000
Depreciation:
Owned assets 2,374 3,116
Assets held under finance leases 61 76
Less: Amount capitalised to
Contract Work (1,850) (2,610)
------- ------
585 582
====== ======
Operating lease charges:
Premises 1,404 1,825
Plant & machinery 47,499 64,192
Less: Amount capitalised to
Contract Work (47,543) (64,305)
-------- --------
1,360 1,712
====== ======
Staff costs, including directors' emoluments
47,019 71,053
Less: Amount capitalised to Contract Work
(33,000) (54,162)
------- -------
14,019 16,891
====== =======
2. LOSS PER SHARE
The calculation of the basic loss per share is based on the net loss for
the period of HK$1,382,000 (2000: loss of HK$19,756,000) and on
249,000,000 (2000: 229,000,000) shares in issue during the period.
Diluted loss per share is not presented as the exercise price of the
outstanding share options is higher than the fair value per share and
accordingly the computation of diluted loss per share does not assume
their exercise.
3. COMPARATIVE FIGURES
Certain comparative figures have been reclassified to conform with current
period's presentation.
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