AI assistant
Shanghai Able Digital Science&Tech Co., Ltd. Earnings Release 2005
Preview isn't available for this file type.
Download source fileANNOUNCEMENT
(The Overseas regulatory announcement was issued pursuant to the Rule 13.09(2) of the rules governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.)
The information below is an ASX and media release lodged with the ASX on 8 February 2006 by CITIC Australia Trading Limited, a company listed on the Australian Stock Exchange (“ASX”) and in which CITIC Resources Holdings Limited has an indirect interest of 79.69%.
CITIC Australia Trading Limited
ABN 84 092 595 741
ASX & Media Release 8 February 2006
Profit guidance – FY2005 result up more than 40%
Profit guidance
The Directors of CITIC Australia Trading Limited (CAL) are pleased to advise that, based upon preliminary, unaudited figures, CAL has delivered another year of profit growth, with profits for the year ended 31 December 2005 up more than 40%.
Sales increased approximately 20%, reflecting higher alumina and other commodity prices during 2005, as well as higher volumes of iron ore exports.
The directors would like to acknowledge that this excellent result was made possible largely thanks to:
- CAL’s trading team, who leveraged their experience in Chinese and Australian markets to capture the transactions that delivered this result, assisted by CAL’s support staff;
- CITIC Resources Australia Pty Ltd’s (CRA) support, in particular CRA’s provision of guarantees that enabled CAL to secure its substantial bank trade finance loan facilities, which make it possible for CAL to finance and achieve such high turnover and resulting profit.
Final 2005 Profit & Dividend
The final, audited financial report for the year ended 31 December 2005 is expected to be released in early March 2006, together with the announcement of the 2005 final dividend.