Samsonite Group S.A. — Interim / Quarterly Report 2003

Sep 26, 2003

Listed Company Information

RICHE M-MEDIA<00764> - Results Announcement Riche Multi-Media Holdings Limited announced on 26/09/2003: (stock code: 00764 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2003 from 01/01/2002 to 30/06/2003 to 30/06/2002 Note ('000 ) ('000 ) Turnover : 66,396 42,085 Profit/(Loss) from Operations : 24,505 12,123 Finance cost : (169) (68) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 24,336 10,955 % Change over Last Period : +122.15 % EPS/(LPS)-Basic (in dollars) : 0.0512 0.0231 -Diluted (in dollars) : 0.0487 0.0222 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 24,336 10,955 Interim Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A 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. TURNOVER 2003 2002 HK$'000 HK$'000 Distribution of video programmes 40,774 14,485 Sub-licensing of programme rights 24,478 16,000 Sales of advertising rights 1,144 11,600 ______ ______ 66,396 42,085 _______ ______ 2. PROFIT FROM OPERATIONS Six months ended 30.6.2003 30.6.2002 HK$'000 HK$'000 Profit from operations has been arrived at after charging (crediting): Amortisation of film rights (included in cost of sales) 23,193 10,209 Amortisation of goodwill (included in administrative expenses) 1,266 - Amortisation of other asset (included in administrative expenses) 3,322 4,758 Allowance for bad and doubtful debts - 617 Cost of inventories (included in cost of sales) 3,054 2,858 Depreciation and amortisation of property, plant and equipment: - owned assets 613 1,588 - leased assets 6 8 619 1,566 Inventory written off (included in cost of sales) 484 - Loss on disposal of property, plant and equipment - 935 Contributions to retirement benefits scheme 108 69 Salaries and other allowances 3,481 3,675 Total staff costs 3,589 3,744 Interest income from bank deposits (35) (62) Interest income from convertible notes (794) (329) 3. EARNINGS PER SHARE The calculation of the basic and diluted earnings per share is based on the following data: Six months ended 30.6.2003 30.6.2002 HK$'000 HK$'000 Earnings Earnings for the purposes of basic earnings per share (net profit for the period) 24,336 10,955 Effect of dilutive potential ordinary shares: Interest on convertible notes 168 68 Adjustment to interest on convertible notes issued by an associate based on dilution of their earnings per share (794) (329) ______ ______ Earnings for the purpose of diluted earnings per share 23,710 10,694 ______ ______ '000 '000 Number of shares Weighted average number of ordinary shares for the purpose of basic earnings per share 475,200 475,200 Effect of dilutive potential ordinary shares: Share options 3,324 2,122 Convertible notes 8,450 3,408 _______ _______ Weighted average number of ordinary shares for the purposes of diluted earnings per share 486,974 480,730 _______ _______ The computation of diluted earnings per share in the current period does not assume the exercise of the Company's warrants and convertible notes as the exercise prices of these warrants and convertible notes are higher than the average market price for shares. The computation of diluted earnings per share in the six months ended 30th June, 2002 did not assume the exercise of the Company's warrants as the exercise price of these warrants was higher than the average market price for shares.