Dynamic Holdings Limited — Earnings Release 2005

Oct 20, 2005

Listed Company Information

Listed Company Information
DYNAMIC HOLD<00029> - Results Announcement Dynamic Holdings Limited announced on 20/10/2005: (stock code: 00029 ) Year end date: 30/06/2005 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/07/2004 from 01/07/2003 to 30/06/2005 to 30/06/2004 Note ('000 ) ('000 ) Turnover : 126,939 410,257 Profit/(Loss) from Operations : 104,813 49,186 Finance cost : (783) (1,966) 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 : 92,135 35,455 % Change over Last Period : +160 % EPS/(LPS)-Basic (in dollars) : 0.421 0.162 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 92,135 35,455 Final Dividend : 2 cents 2 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 21/12/2005 to 29/12/2005 bdi. Payable Date : 17/01/2006 B/C Dates for Annual General Meeting : 21/12/2005 to 29/12/2005 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Explanation of substantial change in turnover, profit from operations and profit after taxation and minority interests For the year ended 30th June 2005, the Group's turnover amounted to HK$ 126,939,000, compared to HK$410,257,000 for the last fiscal year. This decrease was attributable to the fall of revenue (by about HK$288,741,000) from property sales of Chaoyang Garden in Beijing, as most of residential units in its first and second phases have been sold and the results thereof have been accounted for in the last financial years. Gross profit margin however had increased to about 37% in the year under review showing a gross profit of HK$46,786,000. After inclusion of a revaluation increase of HK$80,000,000 on investment properties, there was an aggregate profit from operations of HK$104,813,000 for the year as against HK$49,186,000 for the previous year representing an increase of about 113%. Hence, net profit and earnings per share for the year were HK$92,135,000 and 42.1 Hong Kong cents respectively, both representing a rise of about 160%. 2. Basic and diluted earnings per share The calculation of basic earnings per share is based on net profit for the year of HK$92,135,000 and on 219,103,681 ordinary shares in issue throughout the year. Diluted earnings per share is not shown as there was no dilution effect on the earnings per share in the year.