Apollo Future Mobility Group Limited — Earnings Release 2004

Jan 19, 2005

Listed Company Information

Listed Company Information
MING FUNG JEWEL<00860> - Results Announcement Ming Fung Jewellery Group Limited announced on 19/01/2005: (stock code: 00860 ) Year end date: 30/09/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/10/2003 from 01/10/2002 to 30/09/2004 to 30/09/2003 Note ('000 ) ('000 ) Turnover : 353,967 259,563 Profit/(Loss) from Operations : 59,749 40,752 Finance cost : (2,354) (1,274) 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 : 46,974 31,849 % Change over Last Period : +47.5 % EPS/(LPS)-Basic (in dollars) : 0.072 0.049 -Diluted (in dollars) : 0.069 0.048 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 46,974 31,849 Final Dividend : 0.5 cent NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 01/03/2005 to 03/03/2005 bdi. Payable Date : 30/03/2005 B/C Dates for Annual General Meeting : 01/03/2005 to 03/03/2005 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Basis of preparation of financial statements These financial statements have been prepared in accordance with Hong Kong Statement of Standard Accounting Practice issued by the Hong Kong Institute of Certified Public Accountants, accounting principles generally accepted in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance. They have been prepared under the historical cost convention. The consolidated financial statements for the year ended 30 September 2004 include the financial statements of the Company and its subsidiaries for the year ended 30 September 2004. All significant intercompany transactions and balances within the Group are eliminated on consolidation. 2. Earnings per share (a) Basic earnings per share The calculation of basic earnings per share is based on the Group's net profit from ordinary activities attributable to shareholders for the year of approximately HK$46,974,000 (2003: HK$31,849,000) and the weighted average number of 650,000,000 shares (2003: 650,000,000 shares) in issue during the year. (b) Diluted earnings per share The calculation of diluted earnings per share for the year ended 30 September 2004 is based on the Group's net profit from ordinary activities attributable to shareholders for the year of approximately HK$46,974,000 (2003: HK$31,849,000) and the weighted average number of 682,405,167 shares (2003: 660,472,537 shares) after adjusting for the effects of all dilutive potential ordinary shares under the Company's share option scheme. 3. Dividends During the year, an interim dividend of HK$1,625,000 (2003: Nil) was declared and paid on 28 July 2004. At a meeting held on 19 January 2005, the directors proposed a final dividend of HK0.5 cent per share for the year ended 30 September 2004 ( 2003: Nil) to be payable to shareholders whose names appear in the register of members of the Company on 3 March 2005. Subject to the approval of shareholders at the forthcoming annual general meeting, such dividend will be payable on or about 30 March 2005. This proposed dividend was not reflected as a dividend payable in these financial statements, but will be reflected as an appropriation of retained earnings for the year ended 30 September 2004.