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Guoxia Technology Co., Ltd. Earnings Release 1999

Aug 27, 1999

50736_rns_1999-08-27_0427a838-0bf3-49e3-974c-441ddb2f276d.htm

Earnings Release

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Listed Company Information

ANANDA WING ON<1189> - Results Announcement

Ananda Wing On Travel (Holdings) Limited announced on 27/8/1999:
(stock code: 1189)
Year end date: 31/3/1999
Currency: HK$
Last
Current Corresponding
Period Period
from 1/4/1998 from 1/4/1997
to 31/3/1999 to 31/3/1998
('000) ('000)
Turnover/Interest Income : 2,653,010 2,576,162
Profit-Continuing Operations
- Operating Profit/(Loss) : 48,471 177,128
- Exceptional Items : - 21,845
- Discontinued Operations : - -
Total Operating Profit/(Loss) : 48,471 198,973
Share of Profit/(Loss) of
Associated Companies : - -
Profit/(Loss) after Tax & MI : 48,058 174,177
% Change over Last Period : -72.4%
EPS/(LPS)-Basic : 8.7 cents 36.3 cents
-Diluted : - -
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 48,058 174,177
Final Dividend per Share : Nil 4.32 cents
(Specify if with other options) : - -
B/C Dates for Final Dividend : -
Payable Date : -
B/C Dates for (-) General Meeting : -
Other Distribution for Current Period : -
B/C Dates for Other Distribution : -

Remarks:

(1) Basis of preparation

The Company was incorporated as an exempted company in Bermuda
with limited liability on 11 August 1997 under the Companies Act 1981
Bermuda (as amended). Its share were listed on The Stock Exchange of
Hong Kong Limited (the "Stock Exchange") since 6 October 1997. In
September 1997, the group underwent a reorganisation to rationalise
its structure in preparation for the listing of the Company's shares on
the Stock Exchange. Since 19 September 1997, the Company because
the holding company of the Group.

The Group resulting from the reorganisation is regarded as a continuing
entity. Accordingly, the results of the Group have been prepared on
the basis as if the Company had always been the holding company of
the Group.

(2) Exceptional item

The exceptional item in the previous year represents interest income
earned on the application monies received in respect of the Company's
new issue of shares in October 1997.