MOULIN INT'L<00389> - Results Announcement (Summary)
Moulin International Holdings Limited announced on 28/04/2002:
(stock code: 00389 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified
(Audited ) (Audited )
9-month- 12-month-
period period
from 01/04/2002 from 01/04/2001
to 31/12/2002 to 31/03/2002
Note ('000 ) ('000 )
Turnover : 888,753 1,114,799
Profit/(Loss) from Operations : 165,276 184,592
Finance cost : (46,541) (44,105)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 101,277 143,356
% Change over Last Period : -6 %
EPS/(LPS)-Basic (in dollars) : 0.2516 0.3533
-Diluted (in dollars) : 0.251 0.3428
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 101,277 143,356
Final Dividend : 4.4 cents 1.5 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 27/05/2003 to 03/06/2003bdi.
Payable Date : 10/07/2003
B/C Dates for Annual
General Meeting : 27/05/2003 to 03/06/2003bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Change of accounting year end date
During the period, the Company and the Group have changed its accounting
year end date from 31 March to 31 December, and the first financial period
after the change is from 1 April 2002 to 31 December 2002. Accordingly,
these financial statements are presented for a period of 9 months rather
that for a period of 12 months as was adopted for the fiscal year ended 31
March 2002. Consequently, the comparative amounts for the profit and loss
account and related notes are not comparable with those of the current
fiscal 9 months period.
2. Earnings per share
The calculation of the basic earnings per share is based on the profit
attributable to shareholders of HK$101,277,000 (31 March 2002:
HK$143,356,000) and the weighted average number of ordinary shares of
402,535,166 (31 March 2002: 405,759,695) in issue during the year.
The calculation of the diluted earnings per share is based on the adjusted
profit attributable to shareholders of HK$101,932,000 (31 March 2002:
HK$148,270,000) and on the weighted average number of ordinary shares of
406,098,384 (31 March 2002: 432,483,833) after adjusting for the effects
of all dilutive potential ordinary shares.
3. Reconciliations
1 Apr 2002 31 March
to 31 Dec 2002 2002
HK$'000 HK$'000
Profit attributable to shareholders 101,277 143,356
Increase in earnings arising from a
saving in interest cost, net of tax
(assuming the convertible notes had
been converted into shares in the
Company at the date of issue) 655 4,914
-------- ---------
Adjusted attributable to shareholders 101,932 148,270
======== =========
1 Apr 2002 31 March
to 31 Dec 2002 2002
Number of Number of
shares Shares
Weighted average number of ordinary
shares used in calculating basic
earnings per share 402,535,166 405,759,695
Deemed issue of ordinary shares
- Convertible note 3,563,218 26,724,138
----------- ----------
Weighted average number of ordinary shares
used in calculating diluted earnings
per share 406,098,384 432,483,833
=========== ==========
The weighted average number of ordinary shares in issue during the current
period used in the basic earnings per share calculations has been adjusted
to reflect the consolidation of shares during the period.
As a result of the consolidation of shares, the comparative number of
shares have been restated as if the consolidation had occurred throughout
the year ended 31 March 2002.
4. Comparative amounts
Due to the adoption of certain new and revised SSAPs during the current
year, the accounting treatment and presentation of certain items and
balances in the financial statements have been revised to comply with the
new requirements. Accordingly certain prior year adjustments have been
made and certain comparative amounts have been reclassified to conform
with the current year's presentation.
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