CR PEOPLESPHONE<00331> - Results Announcement
China Resources Peoples Telephone Company Limited announced on 17/03/2005:
(stock code: 00331 )
Year end date: 31/12/2004
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
Note ('000 ) ('000 )
Turnover : 1,681,994 1,642,301
Profit/(Loss) from Operations : 326,144 390,504
Finance cost : (16,879) (64,516)
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 : 251,605 270,076
% Change over Last Period : -6.8 %
EPS/(LPS)-Basic (in dollars) : 0.38 0.62
-Diluted (in dollars) : 0.38 0.49
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 251,605 270,076
Final Dividend : $0.18 N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 26/04/2005 to 28/04/2005 bdi.
Payable Date : 30/05/2005
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. BASIS OF PREPARATION
The Company was incorporated with limited liability in Hong Kong under the
Companies Ordinance on 28 June 1994.
The shares of the Company were listed on the Main Board of the Hong Kong
Stock Exchange on 1 April 2004.
The financial statements have been prepared in accordance with all
applicable Hong Kong Reporting Standards (which includes all applicable
Statements of Standard Accounting Practice and Interpretations) issued by
the Hong Kong Institute of Certified Public Accountants, accounting
principles generally accepted in Hong Kong and the requirements of the
Hong Kong Companies Ordinance. The financial statements also comply with
the applicable disclosure provisions of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited.
2. TURNOVER
The principal activity of the Company is the provision of mobile
telecommunications and related services.
Turnover represents the value of goods sold and airtime and services
charged to subscribers, net of returns and discounts:
2004 2003
$000 $000
Sales of handsets and accessories 358,363 297,445
Airtime and service charges 1,323,631 1,344,856
________________ _______________
1,681,994 1,642,301
=============== ==============
3. SEGMENT REPORTING
For the year ended 31 December 2004, the Company's turnover and operating
profit were solely attributable to its mobile communications operations in
the Special Administrative Region of Hong Kong. Accordingly, no analysis
by either business or geographical segment is included in the financial
statements.
4. BASIC AND DILUTED EARNINGS PER SHARE
a. Basic earnings per share
The calculation of basic earnings per share is based on the profit
attributable to shareholders of $251,605,000 (2003: $270,076,000) and the
weighted average number of ordinary shares outstanding during the year of
666,405,137 (2003:433,000,000).
Reconciliation:
Number of Shares
At 1 January 2004 433,000,000
Weighted average number of Ordinary Shares for new
issued shares 115,804,303
Weighted average number of Ordinary Shares upon
conversion of Preference Shares 112,291,667
Weighted average number of Ordinary Shares issued
pursuant to the Capitalisation issue 5,309,167
__________
At 31 December 2004 666,405,137
=========
b. Diluted earnings per share
The calculation of diluted earnings per share is based on the profit
attributable to Ordinary Shareholders of $251,605,000 (2003: $285,489,000)
and the weighted average number of ordinary shares of 666,405,137 as at 31
December 2004 (2003:587,125,000).
2004 2003
$000 $000
Profit attributable to shareholders 251,605 270,076
Adjusted for:
Accrued dividend and accrued redemption
premium on convertible preference shares - 15,413
____________ ____________
Profit attributable to ordinary shareholders 251,605 285,489
======= ======
Number of shares (in thousands):
Weighted average number of Ordinary Shares 666,405 433,000
Deemed conversion of Preference Shares - 154,125
___________ ____________
Weighted average number of Ordinary Shares in
calculating diluted earnings per share 666,405 587,125
======= ======
Diluted earnings per share (in HK$) 0.38 0.49
======= ======
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