Design Capital Limited - Earnings Release 1998

Listed Company Information




SWANK INT'L MFG<0663> - Amendment to Results Announcement Further to the release of the final results announcement of Swank International Manufacturing Company Limited on teletext today (16/5/2000), the Company subsequently notified the Exchange that the note (d) of 2.2 Other operating expenses under Remark (2); and Remark (4) should read as follows:- " Remark (2) 2.2 Other operating expenses note (d) Provision for doubtful debts in 1999 represents provision for other receivable. Provision for doubtful debts in 1998 represents the directors' best estimate of the amounts due from Hanmy (Holding) Limited and its related companies which is not recoverable. Remark (4) Explanation for the change of the diluted loss per share for 1998 Owing to the adoption of the requirements of SSAP 5 (revised) "Earnings per share", the diluted loss per share was restated to conform with the current year's presentation. As there was no diluted potential ordinary shares in existence as at 31 December 1998, the diluted loss per share in 1998 was equal to the basic loss per share in 1998. Thus the diluted loss per share was adjusted from "N/A" to (90.2 cents)."

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