LUEN CHEONG TAI<01190> - Results Announcement (Summary)
Luen Cheong Tai International Holdings Limited announced on 10/7/2002:
(stock code: 1190)
Year end date: 31/5/2002
Currency: HK$
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/6/2001 from 1/6/2000
to 30/11/2001 to 30/11/2000
('000) ('000)
Turnover : 107,202 149,967
Profit/(Loss) from Operations : (12,939) 10,082
Finance cost : (7,688) (7,269)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (20,627) 1,683
% Change over Last Period : N/A
EPS/(LPS)-Basic : (4.6 cents) 0.5 cents
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (20,627) 1,683
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 : Nil
B/C Dates for Other Distribution : N/A
Remarks:
(1) Operating profit is stated after charging the following:
Six months ended
30 November
2001 2000
HK$'000 HK$'000
Depreciation
Own fixed assets
3,495 3,829
Leased fixed assets
2,550 2,507
Amortisation of timber concession rights
4,901 1,626
Amortisation of expenses in connection
with issue of convertible notes
- 663
Amortisation of premium on redemption
of convertible note
- 158
(2) (Loss)/earnings per share
The calculation of basic (loss)/earnings per share is based on the Group's
loss attributable to shareholders of HK$20,627,000 (2000: profit of
HK$1,683,000) and the weighted average of 445,054,501 (2000: 353,578,982)
ordinary shares in issue during the period.
Diluted loss per share for each of the periods ended 30 November 2001 and
2000 is not shown as the potential ordinary shares are anti-dilutive.
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