ISP Holdings Limited — Interim / Quarterly Report 2005

Dec 2, 2004

Listed Company Information

Listed Company Information
SYNERGIS HOLD<02340> - Results Announcement Synergis Holdings Limited announced on 02/12/2004: (stock code: 02340 ) Year end date: 31/03/2005 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/04/2004 from 01/04/2003 to 30/09/2004 to 30/09/2003 Note ('000 ) ('000 ) Turnover : 187,583 198,336 Profit/(Loss) from Operations : 14,428 24,377 Finance cost : (13) (450) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : 73 (387) Profit/(Loss) after Tax & MI : 11,983 20,131 % Change over Last Period : -40.5 % EPS/(LPS)-Basic (in dollars) : 0.036 0.084 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 11,983 20,131 Interim Dividend : 2.0 cents 2.0 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : 17/12/2004 to 21/12/2004bdi. Payable Date : 29/12/2004 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 BASIS OF PREPARATION These unaudited consolidated condensed accounts are prepared in accordance with the Hong Kong Statement of Standard Accounting Practice ("SSAP") 25, "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA"), and Appendix 16 of the Listing Rules. These condensed accounts should be read in conjunction with the 2004 annual accounts. The accounting policies and methods of computation used in the preparation of these condensed accounts are consistent with those used in the annual accounts for the year ended 31st March 2004. 2 TURNOVER The Group is principally engaged in the provision of property management and facility management services, security services, cleaning services, laundry services, repair and maintenance works and trading of related products. Revenues recognised during the period are as follows: Six months ended 30th September 2004 2003 HK$'000 HK$'000 Turnover Property management and facility management services 165,791 177,092 Security services 5,394 5,645 Cleaning services 4,430 4,642 Laundry services 1,082 1,077 Repair and maintenance works 8,552 8,037 Trading of related products 2,334 1,843 -------- ---------- 187,583 198,336 Other revenues Copying services 251 284 Rental income 96 83 Dividend income from other investments - 139 Interest income on bank deposits 96 352 Net unrealised gain on other investments - 1,947 Gain on disposal of other investments 82 - Miscellaneous income 684 651 --------- ---------- 1,209 3,456 188,792 201,792 ========= ========= 3 OPERATING PROFIT Operating profit is stated after crediting and charging the following: Six months ended 30th September 2004 2003 HK$'000 HK$'000 Crediting Gain on disposal of other investments 82 - Unrealised gain on other investments - 1,947 Write back of provision for retirement benefit costs - 5,228 Net exchange gain - 59 Charging Staff costs, including directors' emoluments 132,335 114,639 Depreciation - owned fixed assets 1,946 1,373 Loss on disposal of fixed assets 130 - Provision for doubtful debts 16 3 Operating lease rental on land and buildings 1,652 1,768 Net exchange loss 5 - Costs of brand-building program - 4,096 -------- -------- 4 EARNINGS PER SHARE The calculation of basic earnings per share are based on the Group's profit attributable to shareholders of HK$11,983,000 (2003: HK$20,131,000). The basic earnings per share is calculated based on the weighted average number of 332,000,000 (2003: 240,000,000) ordinary shares. The weighted average number of shares for 2003 comparative figure was determined as if the Group's reorganization and capitalization issue as set out in Appendix V to the Company's Prospectus dated 29th September 2003 had been effective at the beginning of the period. No diluted earnings per share for the six months ended 30th September 2004 is presented as there were no dilutive potential ordinary shares outstanding during the period (2003: Nil).