HENDERSON CHINA<00246> - Results Announcement
Henderson China Holdings Limited announced on 2/10/2003:
(stock code: 00246 )
Year end date: 30/6/2003
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 1/7/2002 from 1/7/2001
to 30/6/2003 to 30/6/2002
Note ($ ) ($ )
Turnover : 188,330,000 577,612,000
Profit/(Loss) from Operations : (302,205,000) 158,650,000
Finance cost : (16,637,000) (8,141,000)
Share of Profit/(Loss) of
Associates : (62,491,000) (7,454,000)
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (395,183,000) 132,886,000
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.8) 0.27
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (395,183,000) 132,886,000
Final Dividend : 0.03 0.06
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 25/11/2003 to 1/12/2003 bdi.
Payable Date : 3/12/2003
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 year ended 30th June, 2003 amounted to
approximately HK$188 million and the analysis by business segment is as
follows:
Group turnover
For the year ended 30th
June
2003 2002
HK$'000 HK$'000
Property development 91,042 398,391
Property investment 41,291 67,503
Finance 40,931 81,865
Management and sales commissions 15,066 26,168
Guaranteed return on investment - 3,685
--------- ---------
188,330 577,612
========== ========
2. (Loss) / profit from Operations is stated after interest income and other
income, but before finance cost, share of losses less profits of
associates, taxation and minority interests, and is arrived at after
charging / (crediting) : -
For the year ended 30th June
2003 2002
HK$'000 HK$'000
Provisions on property projects 262,500 -
Bad debts written off / provision 44,566 5,048
Profit on disposal of interest in subsidiaries (99,530) -
Loss/(profit) on disposal of interest
in associates 78,294 (4,351)
3. (Loss) / earnings per share
The calculation of (loss) / earnings per share is based on the loss
attributable to shareholders of HK$395,183,000 (2002: profit of
HK$132,886,000) and on 496,776,205 ordinary shares (2002: 496,776,205
ordinary shares) in issue during the year. There was no potential dilution
of loss per share during the year and no potential dilution of earnings
per share for 2002.
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