S E A Holdings Limited — Earnings Release 2005

Apr 7, 2006

Listed Company Information

Listed Company Information
SEA HOLDINGS<00251> - Results Announcement S E A Holdings Limited announced on 07/04/2006: (stock code: 00251 ) Year end date: 31/12/2005 Currency: HKD 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 1 : 940,163 474,722 Profit/(Loss) from Operations : 1,515,906 267,126 Finance cost : (75,869) (121,060) Share of Profit/(Loss) of Associates : (3,359) 3,354 Share of Profit/(Loss) of Jointly Controlled Entities : (290) (3,689) Profit/(Loss) after Tax & MI : 1,072,273 120,492 % Change over Last Period : +789.9 % EPS/(LPS)-Basic (in dollars) 2 : 2.048 0.236 -Diluted (in dollars) 2 : 1.799 0.216 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 1,072,273 120,492 Final Dividend : 6 cents 6 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 : 25/05/2006 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. REVENUE (a) Geographical segments Year ended 31st December, 2005 New Zealand Australia China Hong Kong HK$'000 HK$'000 HK$'000 HK$'000 REVENUE External sales 207,216 187,758 3,265 541,924 Inter-segment sales* - - - 43,096 --------- --------- ------- -------- Total revenue 207,216 187,758 3,265 585,020 ========= ========= ======= ======== RESULTS Segment profit (loss) (22,807) 16,602 380,654 1,176,124 ========= ========= ======= ======== Recognition of discount on acquisition 36,787 - - - Share of results of associates (3,359) - - - Share of results of jointly controlled entities - - (290) - Year ended 31st December, 2005 Others Eliminations Consolidated HK$'000 HK$'000 HK$'000 REVENUE External sales - - 940,163 Inter-segment sales* - (43,096) - ------- --------- ---------- Total revenue - (43,096) 940,163 ======= ========= ========== RESULTS Segment profit (loss) (20,472)- 1,530,101 ======= ========= Interest income 44,884 Recognition of discount on acquisition - - 36,787 Unallocated corporate expenses (95,866) Share of results of associates - - (3,359) Share of results of jointly controlled entities - - (290) Finance costs (75,869) --------- Profit before taxation 1,436,388 Income tax expense (287,264) --------- PROFIT FOR THE YEAR 1,149,124 ========= Year ended 31st December, 2004 New Zealand Australia China Hong Kong HK$'000 HK$'000 HK$'000 HK$'000 REVENUE External sales 321,572 22,519 4,276 126,355 Inter-segment sales* - - - 39,223 -------- -------- ------ -------- Total revenue 321,572 22,519 4,276 165,578 ======== ======== ====== ======== RESULTS Segment profit (loss) 139,682 9,758 (7,425) 97,939 ======== ======== ======= ======== Share of results of associates 3,354 - - - Share of results of jointly controlled entities - - (3,689) - Year ended 31st December, 2004 Others Eliminations Consolidated HK$'000 HK$'000 HK$'000 REVENUE External sales - - 474,722 Inter-segment sales* - (39,223) - ------- --------- --------- Total revenue - (39,223) 474,722 ======= ========= ========= RESULTS Segment profit (loss) (906) - 239,048 ====== ========= Interest income 67,710 Unallocated corporate expenses (39,632) Share of results of associates - - 3,354 Share of results of jointly controlled entities - - (3,689) Finance costs (121,060) ---------- Profit before taxation 145,731 Income tax expense (2,156) ---------- PROFIT FOR THE YEAR 143,575 ========== *Inter-segment sales are charged at prevailing market rates. (b) Business segments The following table provides an analysis of the Group's sales revenue by business segment: Sales revenue by business segment 2005 2004 HK$'000 HK$'000 Property investment 128,152 214,056 Garment manufacturing and trading 31,287 57,049 Investment 1,771 2,005 Property development 767,653 196,362 Others 11,300 5,250 ------- ------- 940,163 474,722 ======= ======= 2. Earnings per share The calculation of the basic and diluted earnings per share attributable to the ordinary equity holders of the Company is based on the following data: 2005 2004 HK$'000 HK$'000 Earnings for the purposes of basic and diluted earnings per share 1,072,273 120,492 ========= ======== Number of shares 2005 2004 Weighted average number of ordinary shares for the purposes of basic earnings per share 523,677,685 511,353,614 Effect of dilutive potential ordinary shares Options 12,697,452 8,301,278 Warrants 59,666,538 39,386,622 ------------ ------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 596,041,675 559,041,514 ============= =============