Risecomm Group Holdings Limited — Earnings Release 2005

Mar 20, 2006

Listed Company Information

Listed Company Information
SINGAMAS CONT<00716> - Results Announcement Singamas Container Holdings Limited announced on 20/03/2006: (stock code: 00716 ) Year end date: 31/12/2005 Currency: USD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2005 from 01/01/2004 to 31/12/2005 to 31/12/2004 Note ('000 ) ('000 ) Turnover : 842,936 532,793 Profit/(Loss) from Operations : 57,404 32,538 Finance cost : (9,330) (5,193) Share of Profit/(Loss) of Associates : 1,208 1,065 Share of Profit/(Loss) of Jointly Controlled Entities : 9,683 20,828 Profit/(Loss) after Tax & MI : 44,899 39,636 % Change over Last Period : +13.28 % EPS/(LPS)-Basic (in dollars) : 0.0735 0.0737 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 44,899 39,636 Final Dividend : HK 9 cents HK 12 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 15/05/2006 to 18/05/2006 bdi. Payable Date : 31/07/2006 B/C Dates for Annual General Meeting : 15/05/2006 to 18/05/2006 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Turnover An analysis of the Group's turnover and profit from operations for the period ended 31st December, 2005 and 2004 is as follows: 2005 Container Container depot / manufacturing terminal Mid-stream Eliminations Total US$'000 US$'000 US$'000 US$'000 US$'000 REVENUE External sales 809,166 18,501 15,269 - 842,936 Inter-segment sales - 3,647 54 (3,701) - ------------------------------------------------------------------------ Total 809,166 22,148 15,323 (3,701) 842,936 ------------------------------------------------------------------------ Inter-segment sales are charged at prevailing market prices. SEGMENT RESULTS 48,572 5,604 3,228 57,404 -------------------------------------- Finance costs (9,330) Investment income 1,186 Share of results of associates 18 1,190 - 1,208 Share of results of jointly controlled entities 8,732 951 - 9,683 ------- Profit before taxation 60,151 Income tax expense (5,500) (373) (273) (6,146) ------- Profit for the year 54,005 ------- 2004 Container Container depot / manufacturing terminal Mid-stream Eliminations Total US$'000 US$'000 US$'000 US$'000 US$'000 REVENUE External sales 498,228 14,945 19,620 - 532,793 Inter-segment sales - 5,026 342 (5,368) - ------------------------------------------------------------------------ Total 498,228 19,971 19,962 (5,368) 532,793 Inter-segment sales are charged at prevailing market prices. SEGMENT RESULTS 24,204 5,190 3,144 32,538 -------------------------------------- Finance costs (5,193) Investment income 1,221 Share of results of associates (17) 1,082 - 1,065 Share of results of jointly controlled entities 19,975 853 - 20,828 ------- Profit before taxation 50,459 Income tax expense (2,555) (264) (297) (3,116) ------- Profit for the year 47,343 ------- 2. Earnings per share - basic The calculation of basic earnings per share attributable to the ordinary equity holders of the Company is based on the following data: 2005 2004 US$'000 US$'000 Earnings: Earnings for the purposes of calculating earnings per share 44,899 39,636 ----------------------- Number of shares: Weighted average number of ordinary shares for the purposes of calculating earnings per share 611,228,760 537,947,552 ============================ There were no potential dilutive shares throughout the both years presented. 3. Share of profit of associates and Share of profit of jointly controlled entities In the last corresponding period, the Group's share of taxation of associates and jointly controlled entities were not included in the share of results of associates and jointly controlled entities. In this reporting period, due to the adoption of new Hong Kong Financial Reporting Standards, the Group's share of taxation of associates and jointly controlled entities are included in the share of results of associates and jointly controlled entities. In order to conform with the presentation of this period, "Share of profits/(loss) of associates" and "Share of profits/(loss) of jointly controlled entities" presented in the last corresponding period were restated.