DIT Group Limited — Earnings Release 2005

Aug 19, 2005

Listed Company Information

Listed Company Information
SOUTH EAST GP<00726> - Results Announcement South East Group Limited announced on 19/08/2005: (stock code: 00726 ) Year end date: 31/03/2005 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/04/2004 from 01/04/2003 to 31/03/2005 to 31/03/2004 Note ('000 ) ('000 ) Turnover : 65,862 192,850 Profit/(Loss) from Operations : (56,239) 15,680 Finance cost : (270) (335) 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 : (50,475) 12,765 % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.153) 0.039 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (50,475) 12,765 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: - 2005 2004 HK$'000 HK$'000 Hong Kong profits tax - Underprovision for prior years - 183 China income tax - Overprovision for prior year (39) - - Provision for the year - 4,606 -------------------------- Total tax (income)/expenses (39) 4,789 =========================== 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 (2004 : Nil). China income tax has been provided on the estimated taxable income at the applicable rate. (b) At 31 March 2005, the Group had no outstanding income tax payable ( 2004 : HK$1,480,000). (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 (2004: Nil). 3. (LOSS)/EARNINGS PER SHARE The calculation of (loss)/earnings per share is based on the consolidated loss attributable to shareholders for the year of HK$50,475,000 (2004: profit of HK$12,765,000) and on the weighted average of 330,571,880 (2004: 330,571,880) shares in issue during the year. No diluted loss per share has been presented as the exercise of the Company's outstanding share options would result in a decrease in loss per share for the year. The Company had no potential dilutive ordinary shares that were outstanding for the year ended 31 March 2004.