Kerry Properties Limited — Earnings Release 2004

Mar 8, 2005

Listed Company Information

Listed Company Information
KERRY PPT<00683> - Results Announcement Kerry Properties Limited announced on 08/03/2005: (stock code: 00683 ) 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 : 5,102,442 4,204,466 Profit/(Loss) from Operations : 1,900,962 611,202 Finance cost : (145,119) (174,638) Share of Profit/(Loss) of Associates : 629,349 135,758 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 1,955,560 394,741 % Change over Last Period : +395 % EPS/(LPS)-Basic (in dollars) : 1.6320 0.3344 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 1,955,560 394,741 Final Dividend : 40 cents 15 cents per Share (Specify if with other : scrip alternative scrip alternative options) B/C Dates for Final Dividend : 22/04/2005 to 26/04/2005 bdi. Payable Date : 08/06/2005 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 calculation of basic earnings per share of approximately HK$1.6320 for the year ended 31 December 2004 (2003: HK$0.3344) is based on the Group's profit attributable to shareholders of HK$1,955,560,000 (2003: HK$394,741,000) and the weighted average number of 1,198,224,808 shares (2003: 1,180,548,013 shares) in issue during the year. There was no dilution arising from the outstanding share options granted by the Company in 1997. The dilution from the outstanding share options granted by the Company in 1999, 2000, 2001 and 2002 was immaterial. Accordingly, diluted earnings per share had not been shown. 2) Profit attributable to shareholders for the year ended 31 December 2004 of approximately HK$1,956 million is arrived at after taking into account revaluation surplus on the Group's property portfolio and investment properties held by associated companies and deferred tax credits, which amounted in aggregate to approximately HK$313 million. Excluding the above items, profit attributable to shareholders for the year ended 31 December 2004 amounted to approximately HK$1,643 million. By comparison, profit attributable to shareholders for the year ended 31 December 2003 amounted to approximately HK$395 million. Excluding a charge to the profit and loss account which comprised revaluation deficits, provisions and deferred tax credits in the aggregate amount of approximately HK$429 million, profit attributable to shareholders amounted to approximately HK$824 million.