G-Resources Group Limited — Earnings Release 2005

Mar 24, 2005

Listed Company Information

Listed Company Information
PALADIN<00495> - Results Announcement Paladin Limited announced on 24/03/2005: (stock code: 00495 ) Year end date: 30/06/2005 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/07/2004 from 01/07/2003 to 31/12/2004 to 31/12/2003 Note ('000 ) ('000 ) Turnover : 40,183 10,808 Profit/(Loss) from Operations : 15,884 (25,701) Finance cost : (177) (3,428) 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 : 15,707 (29,129) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.0297 (0.0551) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 15,707 (29,129) Interim Dividend : Nil Nil per Share (Specify if with other : N/A N/A options) B/C Dates for Interim 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. PRINCIPAL ACCOUNTING POLICIES The accounting policies adopted are consistent with those followed in the preparation of the Group's annual financial statements for the year ended 30 June 2004 except for the adoption of the following accounting policy. Revenue recognition Income from pre-sale of properties under development prior to completion of the development is recognised over the period from the execution of the sales and purchase agreement to the completion of development on the basis of development cost to date as a proportion of estimated total development cost, with the income recognised limited to the amount of deposits received. 2. PROFIT (LOSS) FROM OPERATIONS Profit (loss) from operations is stated after charging depreciation of HK$1,508,000 (2003: HK$1,848,000). 3. EARNINGS (LOSS) PER SHARE - BASIC The calculation of the basic earnings (loss) per share is based on the net profit for the period of HK$15,707,000 (2003: a net loss of HK$29,129,000) and on 528,271,615 (2003: 528,271,615) ordinary shares in issue during the period.