GST HOLDINGS<00416> - Results Announcement
GST Holdings Limited announced on 31/08/2006:
(stock code: 00416 )
Year end date: 31/12/2006
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
Note ('000 ) ('000 )
Turnover : 279,071 238,548
Profit/(Loss) from Operations : 77,196 64,386
Finance cost : 0 (884)
Share of Profit/(Loss) of
Associates : (276) 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 447 264
Profit/(Loss) after Tax & MI : 71,717 63,532
% Change over Last Period : +12.9 %
EPS/(LPS)-Basic (in dollars) : 0.090 0.126
-Diluted (in dollars) : 0.090 0.106
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 71,717 63,532
Interim Dividend : 0 0
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim 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. BASIS OF PREPARATION
This unaudited condensed consolidated financial statements for the period
ended 30 June 2006 (the "2006 interim financial statements") has been
prepared in accordance with International Accounting Standard ("IAS") 34
"Interim Financial Reporting "issued by the International Accounting
Standards Board and the disclosure requirements of the Hong Kong Companies
Ordinance and the Rules Governing the Listing of Securities (the "Listing
Rules") on The Stock Exchange of Hong Kong ("HK Stock Exchange"). The 2006
interim financial statements should be read in conjunction with the
Group's annual financial statements for the year ended 31 December 2005
(the "2005 financial statements").
2. ACCOUNTING POLICIES
The 2006 interim financial statements include the financial information of
the Group and have been prepared in accordance with the same accounting
policies adopted in the Group's 2005 financial statements.
The accounting policies adopted are consistent with those as described in
the Group's 2005 financial statements. In 2006, the Group adopted the
following new and amendments to IAS and International Financial Reporting
Interpretations ("IFRIC"):
- Amendment to IAS 21, Amendment to "Net investment in a foreign
operation", effective for annual periods beginning on or after 1 January
2006. This amendment is not relevant for the Group;
- Amendment to IAS 39, Amendment to "The fair value option",
effective for annual periods beginning on or after 1 January 2006. This
amendment is not relevant for the Group; and
- IFRIC-Int 4, "Determining whether an arrangement contains a lease
", effective for annual periods beginning on or after 1 January 2006. The
Group has reviewed its contracts. Some of them are required to be
accounted for as lease in accordance with IAS 17, "Lease". However, these
leases are operating leases, and their reclassification has had no impact
on the expense recognized in respect of them.
3. EARNINGS PER SHARE
Basic
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 period.
Six months ended 30 June
2006 2005
Profit attributable to equity holders of
the Company (RMB'000) 71,717 63,532
==========================
Weighted average number of ordinary shares
in issue (thousands) 800,000 502,890
==========================
Basic earnings per share
(RMB cents per share) 9.0 12.6
==========================
Diluted
Diluted earning per share is calculated adjusting the weighted average
number of ordinary shares outstanding to assume conversion of all Series A
Preferred shares.
Six months ended 30 June
2006 2005
Profit attributable to equity holders of
the Company (RMB'000) 71,717 63,532
==========================
Weighted average number of ordinary
shares in issue (thousands) 800,000 502,890
Assumed conversion of Series A Preferred
shares (thousands) - 98,215
--------------------------
Weighted average number of ordinary
shares for diluted earnings per
share (thousands) 800,000 601,105
==========================
Diluted earnings per share
(RMB cents per share) 9.0 10.6
==========================
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