Harbour Centre Development Limited — Interim / Quarterly Report 2006

Dec 20, 2005

Listed Company Information

Listed Company Information
FE CONSORT INTL<00035> - Results Announcement Far East Consortium International Limited announced on 20/12/2005: (stock code: 00035 ) Year end date: 31/03/2006 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/04/2005 from 01/04/2004 to 30/09/2005 to 30/09/2004 Note ('000 ) ('000 ) Turnover : 414,232 251,929 Profit/(Loss) from Operations : 193,692 32,356 Finance cost : (45,377) (17,784) Share of Profit/(Loss) of Associates : 3,960 2,257 Share of Profit/(Loss) of Jointly Controlled Entities : 1,015 56 Profit/(Loss) after Tax & MI : 139,436 203,792 % Change over Last Period : -32 % EPS/(LPS)-Basic (in dollars) : 0.098 0.174 -Diluted (in dollars) : 0.104 0.155 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 139,436 203,792 Interim Dividend : 3 cents 3 cents per Share (Specify if with other : scrip dividend scrip dividend options) with cash option with cash option B/C Dates for Interim Dividend : 20/01/2006 to 25/01/2006 bdi. Payable Date : 14/03/2006 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Per last year announcement Restated 30.9.2004 30.9.2004 Variance Notes HK$'000 HK$'000 HK$'000 Turnover 383,586 251,929 (131,657) (1) Profit from operations 30,029 32,356 2,327 (2) Finance cost (17,784) (17,784) 0 Share of profit of associates 2,709 2,257 (452) (3) Share of profit of jointly controlled entities 56 56 0 Profit after tax and MI 268,288 203,792 (64,496) (4) EPS - Basic (in dollars) 0.230 0.174 - Diluted (in dollars) 0.194 0.155 Extraordinary items n/a n/a Profit after ETD items 268,288 203,792 (64,496) (4) Notes: (1) Turnover 383,586 251,929 (131,657) Cost of sales (291,850) (185,516) 106,334 -------------------------------------------- Reclassified the gross profit to other income 91,736 66,413 (25,323) ============================================ Other income 5,643 30,966 25,323 ============================================ Remark: Reclassified the interest generated from unlisted equity-linked notes to other income. (2) Profit from operations 30,029 32,356 2,327 ============================================= Reclassified the increase in fair value of investment properties into the profit from operation 2,327 ============= (3) Share of profit of associates 2,709 2,257 (452) ============================================ Taxation (8,015) (7,563) 452 ============================================ Remark: Reclassified the share of taxation attributable to associates to share of results of associates. (4) Profit after tax and MI 268,288 203,792 (64,496) ============================================ Profit on disposal of an investment property 267,721 192,225 (75,496) Increase in fair value of investment properties (8,673) 2,327 11,000 ------------ (64,496) ============ Remark: The Group has applied HKAS 40 retrospectively and comparative amounts have been restated accordingly.