Dynamic Holdings Limited — Earnings Release 2006

Mar 28, 2006

Listed Company Information

Listed Company Information
DYNAMIC HOLD<00029> - Results Announcement Dynamic Holdings Limited announced on 28/03/2006: (stock code: 00029 ) Year end date: 30/06/2006 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/07/2005 from 01/07/2004 to 31/12/2005 to 31/12/2004 Note ('000 ) ('000 ) Turnover : 107,992 82,876 Profit/(Loss) from Operations : 154,396 14,875 Finance cost : (2,529) (71) 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 : 140,324 12,078 % Change over Last Period : +1,062 % EPS/(LPS)-Basic (in dollars) : 0.6404 0.0551 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 140,324 12,078 Interim Dividend : 2 cents 2 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : 18/04/2006 to 21/04/2006 bdi. Payable Date : 04/05/2006 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. Significant increase in profit from operations For the six months ended 31st December, 2005, the turnover of the Group increased by about 30% to HK$107,992,000 after taking into account the sales proceeds of Phase III of Chaoyang Garden in Beijing. The Group's gross profit rose by about 36%, to HK$32,336,000 for the period. During the period under review, the Group disposed of its cargo centre, realizing a capital gain of HK$126,000,000 boosting the Group's profit from operations before finance cost and taxation to HK$154,396,000 and earnings per share to HK$0.64, as compared to HK$14,875,000 and HK$0.055 respectively for the last corresponding period. 2. Basic earnings per share The calculation of basic earnings per share is based on profit of HK$140,324,000 attributable to equity holders of the Company for the period and on 219,103,681 ordinary shares in issue throughout the period. No diluted earnings per share is shown as there is no dilutive effect on the earnings per share for the period.