BALTRANS HOLD<00562> - Results Announcement
BALtrans Holdings Limited announced on 23/11/2006:
(stock code: 00562 )
Year end date: 31/07/2006
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/08/2005 from 01/08/2004
to 31/07/2006 to 31/07/2005
Note ('000 ) ('000 )
Turnover : 4,046,380 3,706,310
Profit/(Loss) from Operations : 142,340 103,512
Finance cost : (4,780) (3,359)
Share of Profit/(Loss) of
Associates : 4,132 7,554
Share of Profit/(Loss) of
Jointly Controlled Entities : 1,176 (2,859)
Profit/(Loss) after Tax & MI : 113,259 83,281
% Change over Last Period : +36 %
EPS/(LPS)-Basic (in dollars) : 0.371 0.276
-Diluted (in dollars) : 0.364 0.273 (Note 2)
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 113,259 83,281
Final Dividend per Share : 11.8 CENTS 11.0 CENTS (Note 3)
Special Dividend per Share : - 2.0 CENTS
(Specify if with other : N/A N/A
options)
B/C Dates for Final Dividend : 18/12/2006 to 21/12/2006 bdi.
Payable Date : 06/01/2007
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. The financial statements have been prepared in accordance with Hong Kong
Financial Reporting Standards ("HKFRS") and Hong Kong Accounting Standards
("HKAS") and interpretations ("HKAS-Int") (collectively the "new HKFRSs")
issued by the Hong Kong Institute of Certified Public Accountants (the "
HKICPA"). The financial statements have been prepared under the
historical cost convention, except that available-for-sale financial
assets, derivative financial instruments and financial assets at fair
value through profit or loss which are carried at fair value. In the year
ended 31 July 2005, the Group early adopted HKFRS 3 "Business
combinations", HKAS 36 "Impairment of assets" and HKAS 38 "Intangible
assets". With effect from 1 August 2005, the Group adopted all the
remaining new and revised HKFRSs that are currently in issue and effective
for the accounting periods commencing on or after 1 January 2005.
The preparation of financial statements in conformity with HKFRS requires
the use of certain critical accounting estimates. It also requires
management to exercise its judgement or complexity, or areas where
assumptions and estimates are significant to the financial statements.
The comparative figures have been amended as required, in accordance with
the relevant requirements.
2. The calculation of the basic and diluted earnings per share is based on
the following:
Year ended
31-Jul
2006 2005
HK$'000 HK$'000
Profit attributable to equity holders of the Company
113,259 83,281
========================
Weighted average number of shares in issue during the year for the purpose
of basic earnings per share (thousands)
305,508 301,606
Effect of dilutive potential shares in respect of share options deemed to
be issued at no consideration (thousands)
5,296 3,863
------------------------
Weighted average number of shares for the purpose of diluted earnings per
share (thousands) 310,804 305,469
========================
3. At a meeting held on 23 November 2006, the directors proposed a final
dividend of HK11.8 cents per share for year ended 31 July 2006. This
proposed final dividend is not reflected as dividends payable in this
financial statement, but will be reflected as an appropriation of retained
profits for the year ending 31 July 2007.
|