Comba Telecom Systems Holdings Limited — Earnings Release 2004

Apr 15, 2005

Listed Company Information

Listed Company Information
COMBA<02342> - Results Announcement Comba Telecom Systems Holdings Limited announced on 15/04/2005: (stock code: 02342 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2004 from 01/01/2003 to 31/12/2004 to 31/12/2003 Note ('000 ) ('000 ) Turnover : 1,092,761 806,232 Profit/(Loss) from Operations : 263,774 226,678 Finance cost : (9,531) (5,542) 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 : 255,105 211,162 % Change over Last Period : +20.8 % EPS/(LPS)-Basic (in dollars) : 0.3071 0.2991 -Diluted (in dollars) : 0.3003 0.2967 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 255,105 211,162 Final Dividend : 5 cents 5 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 23/05/2005 to 25/05/2005 bdi. Payable Date : 31/05/2005 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. IMPACT OF RECENTLY ISSUED HONG KONG FINANCIAL REPORTING STANDARDS ("HKFRSs") The Hong Kong Institute of Certified Public Accountants has issued a number of new and revised Hong Kong Financial Reporting Standards and Hong Kong Accounting Standards, herein collectively referred to as the new HKFRSs, which are generally effective for accounting periods beginning on or after 1 January 2005. The Group has not early adopted these new HKFRSs in the financial statements for the year ended 31 December 2004. The Group has already commenced an assessment of the impact of these new HKFRSs but is not yet in a position to state whether these new HKFRSs would have a significant impact on its results of operations and financial position. 2. BASIS OF PREPARATION The financial results have been prepared in accordance with Hong Kong Financial Reporting Standards (which also include Statements of Standard Accounting Practice and Interpretations) 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, except for the periodic remeasurement of certain fixed assets. 3. EARNINGS PER SHARE The calculations of basic and diluted earnings per share are based on: Earnings 2004 2003 HK$ HK$ Net profit attributable to shareholders, used in the basic and diluted earnings per share calculations 255,105,000 211,162,000 =========== =========== Shares Number of shares 2004 2003 Weighted average number of ordinary shares in issue during the year used in basic earnings per share calculation 830,693,000 706,000,000 Weighted average number of ordinary shares: Assumed issued at no consideration on deemed exercise of all share options outstanding during the year 18,700,000 5,731,000 ______________ ______________ Weighted average number of ordinary shares used in diluted earnings per share calculation 849,393,000 711,731,000 ============= ============