i-Cable Communications Limited — Earnings Release 2006

Aug 14, 2006

Listed Company Information

Listed Company Information
I-CABLE COMM<01097> - Results Announcement i-Cable Communications Limited announced on 14/08/2006: (stock code: 01097 ) Year end date: 31/12/2006 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2006 from 01/01/2005 to 30/06/2006 to 30/06/2005 Note ('000 ) ('000 ) Turnover 1 : 1,274,135 1,222,818 Profit/(Loss) from Operations 2 : 86,253 155,971 Finance cost : (1) (134) 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 : 62,835 155,242 % Change over Last Period : -59.5 % EPS/(LPS)-Basic (in dollars) 3 : 0.031 0.077 -Diluted (in dollars) 3 : 0.031 0.077 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 62,835 155,242 Interim Dividend : 3.5 cents 3.5 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : 25/09/2006 to 29/09/2006 bdi. Payable Date : 09/10/2006 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) The turnover of HK$1,274 million for the period ended 30th June, 2006 and HK$1,223 million for the last corresponding period were both generated from continuing operations. (2) The profit from operations of HK$86 million for the period ended 30th June, 2006 and HK$156 million for the last corresponding period were both generated from continuing operations. Profit from operations was arrived at after charging: 2006 2005 HK$'000 HK$'000 Depreciation - assets held for use in operating leases 20,050 27,709 - others 197,905 223,003 -------------------------- 217,955 250,712 Amortisation of programming library* 43,712 38,378 Staff costs 385,589 351,551 Contribution to defined contribution plans 15,499 14,038 Cost of inventories used 7,699 10,594 Auditors' remuneration 1,754 1,096 --------------------------- * Amortisation of programming library is included within programming costs in the consolidated results of the Group. (3) The calculation of basic earnings per share was based on the profit attributable to shareholders of HK$63 million (2005: HK$155 million) and the weighted average number of ordinary shares in issue during the period of 2,019,234,400 (2005: 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 (2005: 2,019, 234,400) after adjusting for the effects of all dilutive potential ordinary shares.