CHINA RES CMENT<00712> - Results Announcement
China Resources Cement Holdings Limited announced on 10/03/2006:
(stock code: 00712 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
Note ('000 ) ('000 )
Turnover : 1,684,377 1,438,391
Profit/(Loss) from Operations : 82,134 136,545
Finance cost : (55,009) (21,572)
Share of Profit/(Loss) of
Associates : (5) (7)
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 12,529 82,394
% Change over Last Period : -84.8 %
EPS/(LPS)-Basic (in dollars) : 0.033 0.227
-Diluted (in dollars) : N/A 0.227
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 12,529 82,394
Final Dividend : NIL $0.05
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 Annual
General Meeting : 18/04/2006 to 20/04/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
(1) RESULTS ANNOUNCEMENT FOR THE LAST CORRESPONDING PERIOD
The Company has applied Hong Kong Financial Reporting Standard (
HKFRS) 2 "Share-based Payment" issued by Hong Kong Institute of
Certified Public Accountants, which is effective for accounting
periods beginning on or after 1 January 2005, retrospectively to
all grants of share options that remained unvested as of 1 January
2005. As a result, the relevant figures of the Result
Announcement Form for the last corresponding period have been
adjusted as follows:
a) Profit from Operations, Profit after Taxation & Minority
Interests and Profit after Extraordinary Items are each
reduced by $6,262,000; and
b) Basic Earnings per Share and Diluted Earnings per Share
are both restated at HK$0.227 from the previously reported
amounts of HK$0.244.
(2) PROFIT FROM OPERATIONS
Current Period Last
from 1/1/2005 Corresponding
to 31/12/2005 Period from
1/1/2004
to
31/12/2004
HK$'000 HK$'000
Profit from operations is arrived at after charging (crediting):
Depreciation and amortization 131,835 100,678
Exchange gain (19,805) (4,158)
Gain on change in fair value of investment property(27,212) -
========================
(3) EARNINGS PER SHARE
The calculation of basic and diluted earnings per share is based
on the data:
Current Period Last
from 1/1/2005 Corresponding
to 31/12/2005 Period from
1/1/2004
to
31/12/2004
HK$'000 HK$'000
Earnings
Profit attributable to shareholders for the purpose of calculating basic
and diluted earnings per share
12,529 82,394
=======================
Number of shares '000 '000
Weighted average number of shares for the purpose of calculating basic
earnings per share
379,039 362,807
Effect on dilutive potential shares on share options N/A 612
-----------------------
Weighted average number of shares for the purpose of calculating diluted
earnings per share
N/A 363,419
======================
The computation of diluted earnings per share for the year ended 31
December 2005 does not assume:
a) the exercise of the Company's outstanding share options as
the exercise prices of those options are higher than the
average market price of shares for the year; and
b) the conversion of the Company's outstanding convertible
bonds since their exercise would result in an increase in
earnings per share for the year.
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