Fibocom Wireless Inc. — Earnings Release 2004

Jul 28, 2004

Listed Company Information

Listed Company Information
MINGLUN GROUP<00346> - Results Announcement Minglun Group (Hong Kong) Limited announced on 28/7/2004: (stock code: 00346 ) Year end date: 31/3/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/4/2003 from 1/4/2002 to 31/3/2004 to 31/3/2003 Note ('000 ) ('000 ) Turnover : 453,344 520,857 Profit/(Loss) from Operations : 15,482 8,893 Finance cost : (92) (138) 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 : 12,862 8,549 % Change over Last Period : +50.5 % EPS/(LPS)-Basic (in dollars) : 0.012 0.009 -Diluted (in dollars) : 0.011 0.009 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 12,862 8,549 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. EARNINGS PER SHARE 2004 2003 HK$'000 HK$'000 Profit attributable to shareholders 12,862 8,549 ========================== No. of shares No of shares in thousand in thousand Weighted average number of ordinary shares in issue 1,084,172 1,000,000 Incremental shares from assumed exercise of share options 56,046 - -------------------------- Diluted weighted average number of shares 1,140,218 1,000,000 ========================== Basic earnings per share HK 1.2 cents HK 0.9 cent ========================== Diluted earning per share HK 1.1 cents HK 0.9 cent ========================== Diluted earnings per share amount for the year ended 31 March 2003 has not been presented as the effect of the assumed conversion of the Company's outstanding share options would be anti-dilutive. 2. TURNOVER AND PROFIT FROM OPERATING ACTIVITIES An analysis of the Group's turnover and profit from operating activities is as follows: Group 2004 2003 HK$'000 HK$'000 Turnover Continuing: Sale of goods 453,344 418,688 Discontinued: Sale of goods - 102,169 ------------------------ 453,344 520,857 ======================== Profit from Operating Activities Continuing: 17,772 8,843 Discontinued: - 3,346 ------------------------ 17,772 2,189 Interest income 45 157 Unallocated expenses (2,335) (3,453) ------------------------ 15,482 8,893 ========================