EGANA JEWELLERY<00926> - Results Announcement
Egana Jewellery & Pearls Limited announced on 27/09/2004:
(stock code: 00926 )
Year end date: 31/05/2004
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/06/2003 from 01/06/2002
to 31/05/2004 to 31/05/2003
Note ('000 ) ('000 )
Turnover : 977,633 718,382
Profit/(Loss) from Operations : 85,927 76,926
Finance cost : (22,448) (15,745)
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 : 68,495 57,939
% Change over Last Period : +18 %
EPS/(LPS)-Basic (in dollars) : 0.22 0.1868
-Diluted (in dollars) : 0.2138 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 68,495 57,939
Final Dividend : 4 cents 4 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 12/11/2004 to 16/11/2004bdi.
Payable Date : 15/12/2004
B/C Dates for Annual
General Meeting : 12/11/2004 to 16/11/2004bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
Earnings per share
(a) Basic earnings per share
Basic earnings per share was calculated based on the consolidated profit
attributable to shareholders for the year of approximately HK$68,495,000
(2003: HK$57,939,000) and the weighted average number of ordinary shares
of approximately 311,372,000 (2003: 310,206,000) in issue during the year.
(b) Diluted earnings per share
Diluted earnings per share was calculated based on the adjusted
consolidated profit attributable to shareholders for the year of
approximately HK$68,727,000 and the weighted average number of ordinary
shares of approximately 321,390,000 that would be in issue having adjusted
for the effects of all dilutive potential ordinary shares issuable during
the year.
During the year ended 31st May, 2003, the Company's share options exercise
price was above the average fair value of one ordinary share, and thus
there were no dilutive potential ordinary shares.
(c) Reconciliation
A reconciliation of profit attributable to shareholders used in
calculating the basic and diluted earnings per share was as follows:
Year ended
31st May, 31st May,
2004 2003
HK$' 000 HK$' 000
Profit attributable to shareholders used in
calculating basic earnings per share 68,495 57,939
Interest savings in respect of convertible
bonds 232 -
------- -------
Profit attributable to shareholders used in
calculating diluted earnings per share 68,727 57,939
======= =======
A reconciliation of the number of ordinary shares for calculation of basic
and diluted earnings per share was as follows:
Year ended
31st May, 31st May,
2004 2003
Weighted average number of ordinary
shares used in calculating basic
earnings per share 311,372,000 310,206,000
Dilutive potential effect in respect
of
- Convertible bonds 10,018,000 -
------------ ------------
Weighted average number of ordinary
shares used in calculating diluted
earnings per share 321,390,000 310,206,000
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