HENDERSON CHINA<00246> - Results Announcement
Henderson China Holdings Limited announced on 20/3/2003:
(stock code: 00246 )
Year end date: 30/6/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 1/7/2002 from 1/7/2001
to 31/12/2002 to 31/12/2001
Note ($ ) ($ )
Turnover : 121,853,000 332,301,000
Profit/(Loss) from Operations : (104,197,000) 93,664,000
Finance cost : (10,831,000) (5,409,000)
Share of Profit/(Loss) of
Associates : 13,715,000 6,551,000
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (98,074,000) 89,208,000
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.2) 0.18
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (98,074,000) 89,208,000
Interim Dividend : $0.03 $0.06
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : 11/04/2003 to 15/04/2003bdi.
Payable Date : 23/04/2003
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. The Group's turnover for the six months ended 31st December, 2002 amounted
to approximately HK$122 million and the analysis by principal activity is
as follows:
Group Turnover
For the six months ended 31st December
2002 2001
HK$'000 HK$'000
Property development 53,706 262,451
Property investment 28,295 24,683
Finance 29,563 31,388
Management and sales commissions 10,289 10,099
Guaranteed return on investment - 3,680
----------- ---------
121,853 332,301
============ =========
2. Profit / (Loss) from Operations is arrived at after charging :-
For the six months ended 31st December
2002 2001
HK$'000 HK$'000
Provisions on property projects 98,000 -
Bad debts written off 37,836 -
--------- --------
135,836
======= ========
3. (Loss)/earnings per share
(a) Basic (loss) / earnings per share
The calculation of basic (loss) / earnings per share is based on the loss
attributable to shareholders of HK$98,074,000 (2001: profit HK$89,208,000)
and on 496,776,205 ordinary shares (2001: 496,776,205 ordinary shares) in
issue during the period.
(b) Diluted (loss) / earnings per share
Diluted (loss) per share for the period is not shown as the existence of
outstanding options during the period ended 31st December, 2002 has an
anti-dilutive effect on the calculation of diluted (loss) per share for
the period. There was no potential dilution of earnings per share during
the corresponding period in 2001.
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