Comba Telecom Systems Holdings Limited — Earnings Release 2006

Sep 8, 2006

Listed Company Information

Listed Company Information
COMBA<02342> - Results Announcement Comba Telecom Systems Holdings Limited announced on 08/09/2006: (stock code: 02342 ) Year end date: 31/12/2006 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (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 : 589,490 413,013 Profit/(Loss) from Operations : 59,467 47,987 Finance cost : (7,868) (9,197) 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 : 45,561 35,941 % Change over Last Period : +26.8 % EPS/(LPS)-Basic (in dollars) : 0.0546 0.0432 -Diluted (in dollars) : 0.0541 0.0425 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 45,561 35,941 Interim Dividend : Nil Nil 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. ACCOUNTING POLICIES The condensed consolidated interim financial statements are prepared in accordance with Hong Kong Accounting Standard ("HKAS") 34 "Interim Financial Reporting". The accounting policies and basis of preparation adopted in the preparation of the interim financial statements are the same as those used in the annual financial statements for the year ended 31 December 2005. 2. EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT The calculation of basic earnings per share for the period is based on the profit attributable to equity holders of the parent of HK$45,561,000 (six months ended 30 June 2005: HK$35,941,000), and the weighted average number of 834,705,000 (six months ended 30 June 2005: 832,816,000) ordinary shares in the issue during the period. The calculation of diluted earnings per share is based on the profit attributable to equity holders of the parent of HK$45,561,000 (six months ended 30 June 2005: HK$35,941,000). The weighted average number of ordinary shares used in the calculation is the 834,705,000 (six months ended 30 June 2005: 832,816,000) ordinary shares in issue during the period, as used in the basic earnings per share calculation; and the weighted average of 7,541,000 (six months ended 30 June 2005: 13,444,000) ordinary shares assumed to have been issued at no consideration on the deemed exercise of all share options during the period. 3. DIVIDEND At a meeting of the Board held on 8 September 2006, the Directors resolved not to pay any interim dividend to shareholders (six months ended 30 June 2005: Nil).