CHEVALIER CONS<00579> - Results Announcement
Chevalier Construction Holdings Limited announced on 18/12/2003:
(stock code: 00579 )
Year end date: 31/3/2004
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 1/4/2003 from 1/4/2002
to 30/9/2003 to 30/9/2002
Note ('000 ) ('000 )
Turnover : 151,002 87,235
Profit/(Loss) from Operations : 5,381 3,726
Finance cost : N/A (14)
Share of Profit/(Loss) of
Associates : 588 1,028
Share of Profit/(Loss) of
Jointly Controlled Entities : (2,062) (363)
Profit/(Loss) after Tax & MI : 2,434 4,237
% Change over Last Period : -42.55 %
EPS/(LPS)-Basic (in dollars) : 0.0098 0.017
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 2,434 4,237
Interim Dividend : Nil Nil
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
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. TURNOVER AND SEGMENT INFORMATION
Turnover and segment information for the six months ended 30th
September, 2003.
Building
construction Civil Consolidated
& maintenance engineering total
HK$'000 HK$'000 HK$'000
TURNOVER
External sales 56,803 94,199 151,002
======== ======== ==========
RESULT
Segment results 8,712 (2,817) 5,895
======== =========
Unallocated corporate expenses (1,551)
Interest income 1,519
Net unrealised loss on other investment (482)
Profit from operation 5,381
Share of result of an associate 588
Share of results of jointly controlled entities
14 (2,076) (2,062)
----------
Profit before taxation 3,907
Taxation (1,450)
------------
Profit before minority interest 2,457
==========
All activities of the group were carried out in Hong Kong.
Building
construction Civil Consolidated
& maintenance engineering total
HK$'000 HK$'000 HK$'000
TURNOVER
External sales 34,095 53,140 87,235
======= ======= =========
RESULT
Segment results 5,325 (1,043) 4,282
======= =======
Unallocated corporate expenses (1,274)
Interest income 718
---------
Profit from operation 3,726
Interest expenses (14)
Share of result of an associate 1,028
Share of results of jointly controlled entities
(228) (135) (363)
----------
Profit before taxation 4,377
Taxation (165)
-----------
Profit before minority interest 4,212
========
All activities of the group were carried out in Hong Kong.
2. PROFIT FROM OPERATIONS
Profit from operations has been arrived at after charging :
Six months ended 30th September
2003 2002
HK$'000 HK$'000
Depreciation on property, plant and equipment
993 1,002
Less: Amount capitalised to contract work
(737) (593)
-------- ---------
256 409
======== ========
Operating lease charges:
Premises 856 1,231
Plant and machinery 35,269 17,365
Less: Amount capitalised to contract work
(35,269) (17,365)
---------- -----------
856 1,231
======= =======
Staff costs, including directors' emoluments
17,913 24,713
Less: Amount capitalised to contract work
(11,186) (13,592)
--------- ----------
6,727 11,121
======= =========
3. EARNINGS PER SHARE
The calculation of the basic earnings per share is based on the
net profit for the period of HK$2,434,000 (2002: HK$4,237,000).
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