Dynamic Holdings Limited — Earnings Release 2001

Oct 18, 2001

Listed Company Information

DYNAMIC HOLD<00029> - Results Announcement (Summary) Dynamic Holdings Limited announced on 18/10/2001: (stock code: 29) Year end date: 30/6/2001 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/7/2000 from 1/7/1999 to 30/6/2001 to 30/6/2000 ('000) ('000) Turnover : 294,593 398,771 Profit/(Loss) from Operations : 40,753 46,532 Finance cost : (10,397) (6,659) Share of Profit/(Loss) of Associates : NIL 398 Share of Profit/(Loss) of Jointly Controlled Entities : NIL NIL Profit/(Loss) after Tax & MI : 21,061 34,615 % Change over Last Period : -39% EPS/(LPS)-Basic : 9.6 cents 15.8 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : NIL NIL Profit/(Loss) after ETD Items : 21,061 34,615 Final Distribution per Share : 2 cents 2 cents (Specify if with other options) : NIL NIL B/C Dates for Final Distribution : 17/12/2001 to 21/12/2001 bdi. Payable Date : on or about 17/01/2002 B/C Dates for Annual General Meeting : 17/12/2001 to 21/12/2001 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) Basic earnings per share The calculation of basic earnings per share is based on the net profit for the year of HK$21,061,000 (2000: HK$34,615,000) and on the weighted average number of 219,103,681 (2000: 219,103,681) ordinary shares in issue throughout the year. (2) Diluted earnings per share There was no dilution effect on the earnings per share. (3) Explanation for any change or adjustment of the last corresponding results In the current year, the Group has adopted, for the first time, Statement of Standard Accounting Practice 14 (Revised) "Leases" ("SSAP 14 (Revised)") issued by the Hong Kong Society of Accountants. The adoption of SSAP 14 (Revised) has not resulted in any significant changes to the accounting treatment adopted for leases and accordingly, no prior period adjustment has been required. Disclosure for the Group's leasing arrangements have been modified so as to comply with the new requirements of SSAP 14 (Revised). Comparative amounts have been restated to achieve a consistent presentation. Interest income has been reclassified from turnover to other revenue in the last corresponding year. The amendment outlined above has not affected the results for the current or prior years.