Listed Company Information
 

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
                                        ============    ============