DIT Group Limited — Earnings Release 2004

Jul 19, 2004

Listed Company Information

Listed Company Information
SOUTH EAST GP<00726> - Results Announcement South East Group Limited announced on 16/7/2004: (stock code: 00726 ) Year end date: 31/3/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/4/2003 from 1/4/2002 to 31/3/2004 to 31/3/2003 Note ('000 ) ('000 ) Turnover : 192,850 60,252 Profit/(Loss) from Operations : 15,680 (32,487) Finance cost : (335) (539) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A (663) Profit/(Loss) after Tax & MI : 12,765 (33,700) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.039 (0.102) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 12,765 (33,700) Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final 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. TAXATION (a) Taxation in the income statement represents: - 2004 2003 HK$'000 HK$'000 Hong Kong profits tax - Underprovided for prior years 183 122 China income tax - Provision for the year 4,606 - ------------ Total tax expenses 4,789 122 ============ No provision for Hong Kong profits tax has been made in the financial statements for the current year as the Group did not derive any assessable profits in Hong Kong for the year (2003 : Nil). China income tax has been provided on the estimated taxable income at the applicable rate. (b) At 31 March 2004, the Group had China income tax payable amounting to HK$1,480,000 (2003 : Nil). (c) No provision for deferred taxation has been accounted for as the Group has net deferred tax assets at the balance sheet date. 2. DIVIDENDS The directors do not recommend the payment of any dividends for the year (2003: Nil). 3. EARNING/(LOSS) PER SHARE The calculation of earning/(loss) per share is based on the consolidated profit attributable to shareholders for the year of HK$12,765,000 (2003: loss of HK$33,700,000) and on 330,571,880 (2003: 330,571,880) shares in issue during the year. The Company has no potential dilutive ordinary shares that were outstanding during the two years ended 31 March 2004 and 31 March 2003.