Harbour Centre Development Limited — Earnings Release 2005

Jul 13, 2005

Listed Company Information

Listed Company Information
FE CONSORT INTL<00035> - Results Announcement Far East Consortium International Limited announced on 13/07/2005: (stock code: 00035 ) Year end date: 31/03/2005 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/04/2004 from 01/04/2003 to 31/03/2005 to 31/03/2004 Note ('000 ) ('000 ) Turnover : 547,087 819,859 Profit/(Loss) from Operations : 227,758 205,923 Finance cost : (38,741) (34,376) Share of Profit/(Loss) of Associates : 16,394 (12,937) Share of Profit/(Loss) of Jointly Controlled Entities : (792) (332) Profit/(Loss) after Tax & MI : 400,470 149,424 % Change over Last Period : +169 % EPS/(LPS)-Basic (in dollars) : 0.32 0.14 -Diluted (in dollars) : 0.31 N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 400,470 149,424 Final Dividend : 5 cents 3 cents per Share (Specify if with other : (scrip dividend (scrip dividend options) with cash with cash option) option) B/C Dates for Final Dividend : 15/08/2005 to 19/08/2005 bdi. Payable Date : 27/09/2005 B/C Dates for Annual General Meeting : 15/08/2005 to 19/08/2005 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: HK$'000 1. Profit from operations As per 2005 comparative figure 205,923 As per 2004 annoucement 182,829 ------- 23,094 ====== Representing: PYA Revaluation increase of investment properties (2,229) Revaluation increase on hotel properties 5,369 Reclassification Loss on disposal of property, plant and equipment 3,467 Impairment loss reversed on property, plant and equipment 13,002 Unrealised holding gain on trading securities 3,443 Others 42 -------- 23,094 ======= 2. Share of loss of associates As per 2005 comparative figure (12,937) As per 2004 annoucement (23,687) -------- 10,750 ======= Representing: PYA Share of revaluation increase of investment properties 10,750 ====== 3. Share of loss of jointly controlled entities As per 2005 comparative figure (332) As per 2004 annoucement 2,572 ------- (2,904) ======= Representing: Reclassification Amortisation of investment on jointly controlled entities (2,904) ======= 4. Profit after ETD items As per 2005 comparative figure 149,424 As per 2004 annoucement 149,010 -------- 414 ===== Representing: PYA Revaluation increase of investment properties (2,229) Share of revaluation increase of investment properties 10,750 Deferred taxation (8,107) ------- 414 ====