Dynamic Holdings Limited — Earnings Release 2006

Oct 24, 2006

Listed Company Information

Listed Company Information
DYNAMIC HOLD<00029> - Results Announcement Dynamic Holdings Limited announced on 24/10/2006: (stock code: 00029 ) Year end date: 30/06/2006 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/07/2005 from 01/07/2004 to 30/06/2006 to 30/06/2005 Note ('000 ) ('000 ) Turnover : 171,469 126,939 Profit/(Loss) from Operations : 153,066 106,381 Finance cost : (1,014) (783) 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 : 130,160 92,135 % Change over Last Period : +41 % EPS/(LPS)-Basic (in dollars) : 0.594 0.421 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 130,160 92,135 Final Dividend : 3 cents 2 cents per Share (Specify if with other : NIL NIL options) B/C Dates for Final Dividend : 18/12/2006 to 22/12/2006 bdi. Payable Date : 17/01/2007 B/C Dates for Annual General Meeting : 18/12/2006 to 22/12/2006 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Explanation of change in turnover, profit from operations and profit after taxation and minority interests For the year ended 30 June 2006, the turnover of the Group amounted to HK$171,469,000 showing an increase of 35% as compared with HK$126,939,000 for the previous year. It is primarily attributable to the booking of sales of Phase III of Chaoyang Garden in Beijing during the year. Despite reduced rental receipts following the disposal of Dynamic Cargo Centre and lower profit from port operations, the gross profit for the year was HK$ 47,170,000 - a slight drop of about 2% as compared with the previous year. The disposal of the Group's cargo centre at a cash consideration of HK$632,000,000 realised a capital gain of HK$128,096,000. This, together with property sales and rental revenue produced an aggregate profit of HK$130,160,000 attributable to shareholders of the Company for the year, representing an increase of 41% from HK$92,135,000 of the previous year. Earnings per share for the year were HK$0.594 as compared with HK$0.421 in the previous year. 2. Basic and diluted earnings per share The calculation of basic earnings per share is based on profit attributable to shareholders of the Company for the year of HK$130,160,000 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. 3. Explanation for any change or adjustment of the last corresponding results Certain figures of cost of sales and taxation of the last corresponding results have been re-classified so as to present more consistent financial information with those of the financial information of current year.