SUNDAY COMM<00866> - Results Announcement
SUNDAY Communications Limited announced on 30/03/2005:
(stock code: 00866 )
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 : 1,158,609 1,260,041
EBITDA : 260,529 315,152
Profit/(Loss) from Operations : 32,102 84,385
Finance cost : (26,300) (52,787)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : (258) (4,426)
Profit/(Loss) after Tax & MI : 5,544 27,172
% Change over Last Period : -79.6 %
EPS/(LPS)-Basic (in dollars) : 0.002 0.009
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 5,544 27,172
Final Dividend : Nil Nil
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final 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
The Group is principally engaged in two business segments in Hong Kong,
namely, mobile services, and sales of mobile phones and accessories.
Turnover and contribution to profit/(loss) from operations by business
segments for the years ended 31st December 2004 and 2003 are as follows:
Year ended 31st December,
Turnover Contribution to profit/(loss)
from operations
2004 2003 2004 2003
HK$'000 HK$'000 HK$'000 HK$'000
Mobile services
1,031,689 1,150,570 82,081 142,935
Sales of mobile phones and
accessories
126,920 109,471 (50,197) (61,076)
---------------------------------------------------------
1,158,609 1,260,041 31,884 81,859
=========================================================
2. EBITDA
EBITDA represents earnings of the Group before interest income, finance
costs, taxation, depreciation, amortisation and share of losses from a
joint venture.
3. Profit/(Loss) from operations
Profit from operations is stated after charging and crediting the
following:
2004 2003
HK$'000 HK$'000
Charging
Write-down of inventories to net realisable value
4,389 1,159
Cost of inventories sold 143,915 133,315
Depreciation:
Owned fixed assets 228,645 233,055
Leased fixed assets - 238
Loss on disposal of fixed assets 338 414
Operating lease charges:
Land and buildings, including transmission sites
182,383 195,945
Leased lines 58,638 73,283
Provision for doubtful debts 25,573 30,228
Auditors' remuneration
Audit services 1,288 1,100
Audit-related services 248 251
Other permitted services 368 198
------------------------
1,904 1,549
Crediting
Net exchange gains 194 614
========================
4. Taxation
No provision for Hong Kong profits tax and overseas taxation has been made
as the Group had sufficient tax losses brought forward to set off against
the assessable profits for the year (2003: Nil).
5. Earnings per share
(a) Basic earnings per share
The calculation of basic earnings per share is based on the Group's profit
for the year of HK$5,544,000 (2003: HK$27,172,000) and the 2,990,000,000
shares (2003: 2,990,000,000 shares) in issue during the year.
(b) Diluted earnings per share
There is no dilutive effect upon exercise of the share options on the
earnings per share for the years ended 31st December 2004 and 2003 since
the exercise prices for the share options were above the average fair
value of the shares.
|