HARBIN BREWERY<00249> - Results Announcement (Summary)
Harbin Brewery Group Limited announced on 29/8/2002:
(stock code: 249)
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/1/2002 from 1/1/2001
to 30/6/2002 to 30/6/2001
('000) ('000)
Turnover : 557,513 323,208
Profit/(Loss) from Operations : 107,353 63,755
Finance cost : (25,699) (8,585)
Share of Profit/(Loss) of Associates : NIL NIL
Share of Profit/(Loss) of
Jointly Controlled Entities : NIL NIL
Profit/(Loss) after Tax & MI : 54,279 38,792
% Change over Last Period : +39.92%
EPS/(LPS)-Basic : 8.15 cents 5.88 cents
-Diluted : 8.15 cents N/A
Extraordinary (ETD) Gain/(Loss) : NIL NIL
Profit/(Loss) after ETD Items : 54,279 38,792
Interim Dividend per Share : NIL N/A
(Specify if with other options) : N/A N/A
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. GROUP REORGANISATION
The Company was incorporated as an exempted company with limited liability
in the Cayman Islands on 23 February 2001 under the Companies Law, Cap. 22
(Law 3 of 1961, as consolidated and revised) of the Cayman Islands.
Pursuant to a reorganisation scheme to rationalise the structure of the
Group on 26 June 2001 (the "Reorganisation") in preparation for the public
listing of the Company's shares on the Main Board of The Stock Exchange of
Hong Kong Limited (the "Stock Exchange") on 27 June 2002, the Company has
become the holding company of the companies now comprising the Group.
2. EARNINGS PER SHARE
The calculation of basic earnings per share is based on the unaudited net
profit attributable to shareholders for the period of approximately
HK$54,279,000 (2001: HK$38,792,000) and the weighted average number of
666,077,348 (2001: 660,000,000) ordinary shares in issue during the
period.
The calculation of diluted earnings per share for the six months ended 30
June 2002 is based on the unaudited net profit attributable to
shareholders for the period of approximately HK$54,279,000 as adjusted for
the interest on convertible notes of HK$11,945. The weighted average
number of ordinary shares used in the calculation is 666,077,348 ordinary
shares in issue during the period, as used in the basic earnings per share
calculation and the weighted average of 311,236 ordinary shares assumed to
have been issued on the full conversion of the convertible notes
outstanding during the period. The outstanding share options had no
dilutive effect on the basic earnings per share for the period as the
outstanding share options are not exercisable until 27 June 2003.
No diluted earnings per share have been presented for the six months ended
30 June 2001 as the Company did not have any dilutive potential ordinary
shares.
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