CHINA FLAVORS<03318> - Results Announcement
China Flavors and Fragrances Company Limited announced on 03/04/2006:
(stock code: 03318 )
Year end date: 31/12/2005
Currency: RMB
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 : 221,667 158,539
Profit/(Loss) from Operations : 75,983 50,385
Finance cost : (3,242) (3,570)
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 : 59,763 42,477
% Change over Last Period : +41 %
EPS/(LPS)-Basic (in dollars) : 0.20 0.14
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 59,763 42,477
Final Dividend : Nil N/A
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 : 02/05/2006 to 04/05/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Basis of preparation
The consolidated accounts have been prepared in accordance with Hong Kong
Financial Reporting Standards ("HKFRS"). The consolidated accounts have
been prepared under the historical cost convention.
The preparation of the financial information in conformity with HKFRS
requires the use of certain critical accounting estimates. It also
requires management to exercise its judgement in the process of applying
the Company's accounting policies.
2. Earnings per share
Basic earnings per share is calculated by dividing the profit attributable
to equity holders of the Company by the weighted average number of
ordinary shares in issue during the year.
2005 2004
Profit attributable to equity holders of the Company
59,763 42,477
--------- --------
Weighted average number of ordinary shares in issue * (thousand shares)
306,027 300,000
--------- ---------
Basic earnings per share (RMB per share)
0.20 0.14
--------- ---------
* In determining the number of shares in issue, 300,000,000 shares
issued on the incorporation of the Company and the Reorganisation of the
Group were deemed to have been in issue since 1 January 2004.
Diluted earnings per share is not presented as there were no dilutive
potential ordinary shares.
3. Book closure date
The register of members of the Company will be closed from Tuesday 2 May
2006 to Thursday 4 May 2006 (both days inclusive) during which period no
transfer of shares will be registered. In order to entitle attend and vote
at the forthcoming annual general meeting, all transfer documents,
accompanied by the relevant share certificates, must be lodged with the
Company's branch share registrar and transfer office of the Company in
Hong Kong, Tricor Investor Services Limited, at 26/F Tesbury Centre, 28
Queen's Road East, Hong Kong not later than 4:00 p.m. on Friday 28 April
2006.
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