PAC CENTURY INS<00065> - Results Announcement
Pacific Century Insurance Holdings Limited announced on 08/08/2005:
(stock code: 00065 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 30/06/2005 to 30/06/2004
Note ('000 ) ('000 )
Turnover 1 : 854,160 804,243
Profit/(Loss) from Operations 2 : 103,710 (113,765)
Finance cost 2 : (23,169) N/A
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 2 : 71,263 (120,811)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) 3 : 0.09 (0.15)
-Diluted (in dollars) 4 : 0.09 (0.14)
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items 2 : 71,263 (120,811)
Interim Dividend : $0.01 Nil
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : 20/09/2005 to 23/09/2005 bdi.
Payable Date : 30/09/2005
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Turnover
Unaudited six months ended
30/6/2005 30/6/2004
P&L Effect on
HKFRS 4
Insurance
Reported Contract Restated
HK$'000 HK$'000 HK$'000 HK$'000
Revenue from:
Life insurance contracts
Single premium
11,489 7,375 (4,268) 3,107
First year premium
109,156 113,191 (6,891) 106,300
Renewal premium
718,381 683,554 0 683,554
----------------------------------------------------------
839,026 804,120 (11,159) 792,961
Retirement scheme business
0 11,756 (11,756) 0
----------------------------------------------------------
839,026 815,876 (22,915) 792,961
General insurance commissions under agency agreements
5,597 5,908 0 5,908
Asset management fees
8,343 4,493 0 4,493
Fess on investment contracts
1,194 0 881 881
----------------------------------------------------------
Turnover
854,160 826,277 (22,034) 804,243
==========================================================
2. Profit/(Loss) after Taxation & MI /
Profit/(Loss) after ETD Items
Unaudited six months ended
30/6/2005 30/6/2004
P&L Effect on
HKFRS 2 Share
Option Scheme
and
Reclassification
of URET Tax in
Reported PRC Restated
HK$'000 HK$'000 HK$'000 HK$'000
Profit/(Loss) before Tax from Operations *
103,710 (111,181) (2,584) (113,765)
Finance Cost
(23,169) 0 0
----------------------------------------------------------
Profit/(Loss) before Tax
80,541 (111,181) (2,584) (113,765)
Tax:
Continuing Operations
(9,216) (7,145) 99 (7,046)
Discontinued Operation
(62)
----------------------------------------------------------
Profit/(Loss) after Taxation & MI / Profit/(Loss) after ETD Items **
71,263 (118,326) (2,485) (120,811)
==========================================================
* Profit/(Loss) from Continuing Operations
103,341 (113,893)
Profit from Discontinued Operation
369 128
--------- ----------
Profit/(Loss) from Operations
103,710 (113,765)
========= ==========
** Net Profit/(Loss) from Continuing Operations
70,956 (120,939)
Net Profit from Discontinued Operation
307 128
---------- ----------
Profit/(Loss) after Taxation & MI / Profit/(Loss) after ETD Items
71,263 (120,811)
========= ==========
3. EPS/(LPS) - Basic
Unaudited six months ended
30/6/2005 30/6/2004
P&L Effect on
HKFRS 2 Share
Reported Option Scheme Restated
a) Basic for Net Profit/(Loss) Attributable to Shareholders
Issued Shares (Weighted Average No of Shares)
821,383,000 821,369,000 821,369,000
============================ ==============
Profit/(Loss) after Taxation & MI / Profit/(Loss) after ETD Items (HK$)
71,263,000 (118,326,000) (2,485,000) (120,811,000)
==============================================================
Earnings/(Loss) per Share (HK$)
0.09 (0.14) (0.15)
============================== ==============
b) Basic for Net Profit/(Loss) from Continuing Operations
Issued Shares (Weighted Average No of Shares)
821,383,000 821,369,000
=========== =============
Net Profit/(Loss) from Continuing Operations (HK$)
70,956,000 (120,939,000)
=========== =============
Earnings/(Loss) per Share (HK$)
0.09 (0.15)
=========== =============
4. EPS/(LPS) - Diluted
Unaudited six months ended
30/6/2005 30/6/2004
P&L Effect on
HKFRS 2 Share
Reported Option Scheme Restated
a) Diluted for Net Profit/(Loss) Attributable to Shareholders
Issued Shares (Weighted Average No of Shares)
821,383,000 821,369,000 821,369,000
Add: Shares Issued at No Consideration on the Deemed Exercise
12,550,000 16,749,000 16,749,000
of All Share Options (Weighted Average No of Shares)
---------------------------- ------------
833,933,000 838,118,000 838,118,000
============================ ============
Profit/(Loss) after Taxation & MI / Profit/(Loss) after ETD Items (HK$)
71,263,000 (118,326,000) (2,485,000) (120,811,000)
=============================================================
Earnings/(Loss) per Share (HK$)
0.09 (0.14) (0.14)
============================== =============
b) Diluted for Net Profit/(Loss) from Continuing Operations
Issued Shares (Weighted Average No of Shares)
821,383,000 821,369,000
Add: Shares Issued at No Consideration on the Deemed Exercise
12,550,000 16,749,000
of All Share Options (Weighted Average No of Shares)
------------ -------------
833,933,000 838,118,000
============ =============
Net Profit/(Loss) from Continuing Operations (HK$)
70,956,000 (120,939,000)
============ =============
Earnings/(Loss) per Share (HK$)
0.09 (0.14)
============ =============
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