MIRABELL INT'L<01179> - Results Announcement
Mirabell International Holdings Limited announced on 18/11/2003:
(stock code: 01179 )
Year end date: 29/02/2004
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/03/2003 from 01/03/2002
to 31/08/2003 to 31/08/2002
Note ('000 ) ('000 )
Turnover : 286,888 302,671
Profit/(Loss) from Operations : 13,467 13,202
Finance cost : (635) (823)
Share of Profit/(Loss) of
Associates : 12,302 8,065
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 23,460 18,392
% Change over Last Period : +27.56 %
EPS/(LPS)-Basic (in dollars) : 0.092 0.072
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 23,460 18,392
Interim Dividend : 1.5 cents 1.5 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : 05/12/2003 to 11/12/2003bdi.
Payable Date : 18/12/2003
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 has changed its accounting policy following its adoption of the Hong Kong
Statement of Standard Accounting Practice ("SSAP") 12 "Income Taxes" (revised) issued
by the Hong Kong Society of Accountants which is effective for accounting periods
commencing on or after 1 January 2003.
The change in the accounting policy has been applied retrospectively so that the
comparative figures presented have been restated to conform with the changed policy.
The balances of the Investment Properties Revaluation Reserve as at 1 March 2002 and 1
March 2003 have reduced by HK$1,737,000 and HK$1,665,000 respectively, and the Retained
Earnings as at 1 March 2002 and 1 March 2003 have increased by HK$2,051,000 and
HK$2,366,000 respectively. The comparative amount in respect of taxation for the prior
period has also increased by HK$152,000 on the adoption of the changed policy.
2) The calculation of basic earnings per share is based on the Group's profit attributable
to shareholders of HK$23,460,000 (2002 restated: HK$18,392,000) and the weighted
average of 254,530,000 (2002: 254,530,000) ordinary shares in issue during the
period.
There is no diluted earnings per share since the Company has no dilutive potential
ordinary share.
3) On 1 March 2003, Hornet Agents Limited, a wholly-owned subsidiary of the Company,
entered into a disposal agreement to dispose of its "teenmix" trademarks, which are
developed by the Group, to an independent third party at a consideration of HK$8,241,000.
The disposal completed on 3 March 2003.
4) Certain comparative figures have been reclassified to conform with the current
period's presentation.
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