i-Cable Communications Limited — Earnings Release 2004

Mar 3, 2005

Listed Company Information

Listed Company Information
I-CABLE COMM<01097> - Results Announcement i-CABLE Communications Limited announced on 03/03/2005: (stock code: 01097 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2004 from 01/01/2003 to 31/12/2004 to 31/12/2003 Note ('000 ) ('000 ) Turnover 1 : 2,371,727 2,142,813 Profit/(Loss) from Operations 2 : 295,717 250,610 Finance cost : (238) (15,610) 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 : 284,337 220,458 % Change over Last Period : +28.98 % EPS/(LPS)-Basic (in dollars) 3 : 0.141 0.109 -Diluted (in dollars) 3 : 0.141 0.109 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 284,337 220,458 Final Dividend : 4.5 cents 4.0 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 04/05/2005 to 11/05/2005 bdi. Payable Date : 18/05/2005 B/C Dates for Annual General Meeting : 04/05/2005 to 11/05/2005 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) The turnover of HK$2,372 million for the year ended 31st December, 2004 and HK$2,143 million for the previous year were both generated from continuing operations. (2) The profit from operations of HK$296 million for the year ended 31st December, 2004 and HK$251 million for the previous year were both generated from continuing operations. Profit from operations was arrived at after charging: 2004 2003 HK$'000 HK$'000 Depreciation 532,113 538,599 Amortisation of programming library 92,860 95,152 Interest on borrowings 238 15,610 ----------- ------------ (3) The calculation of basic earnings per share was based on the profit attributable to shareholders of HK$284 million (2003: HK$220 million) and the weighted average number of ordinary shares in issue during the year of 2,019,234,400 (2003: 2,019,234,400). The calculation of diluted earnings per share was based on the weighted average number of ordinary shares of 2,019,234,400 (2003: 2,019, 234,400) after adjusting for the effects of all dilutive potential ordinary shares.