IGG Inc — Earnings Release 1999

Aug 19, 1999

Listed Company Information

ORIENTAL WATCH<0398> - Results Announcement Oriental Watch Holdings Limited announced on 19/8/1999: (stock code: 398) 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 : 1,250,763 1,200,854 Profit-Continuing Operations - Operating Profit/(Loss) : 36,355 31,844 - Exceptional Items : - - - Discontinued Operations : - - Total Operating Profit/(Loss) : 36,355 31,844 Share of Profit/(Loss) of Associated Companies : - (140) Profit/(Loss) after Tax & MI : 31,895 23,535 % Change over Last Period : +36% EPS/(LPS)-Basic : 11.5 cents 8.7 cents -Diluted : N/A 8.6 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 31,895 23,535 Final Dividend per Share : 3 cents 2 cents (Specify if with other options) : - - B/C Dates for Final Dividend : 27/9/1999 to 30/9/1999 bdi. Payable Date : 18/10/1999 B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remark: Earnings per share 1999 1998 HK$'000 HK$'000 Earnings Net profit attributable to shareholders for the purpose of calculating the basic and diluted earnings per share 31,895 23,535 ======= ====== Number of shares Weighted average number of shares for the purpose of calculating the basic earnings per share 276,837,063 270,753,227 Dilutive potential shares issuable under the Company's share option scheme - 4,214,133 ----------- ---------- Weighted average number of shares for the purpose of calculating diluted earnings per share 276,837,063 276,967,360 =========== =========== No diluted earnings per share is presented for the year ended 31st March, 1999 as the Company's outstanding options are anti-dilutive. The 1998 diluted earnings per share has been computed to comply with the Statement of Standard Accounting Practice 5 (Revised): Earnings per share, issued by the Hong Kong Society of Accountants which became effective in the year.