Silkwave Inc — Earnings Release 1999

Sep 29, 1999

Listed Company Information

SOUTH CHINA H<0265> - Results Announcement South China Holdings Limited announced on 29/9/1999: (stock code: 265) Year end date: 31/12/1999 Currency: HK$ Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 30/6/1999 to 30/6/1998 ('000) ('000) Turnover/Interest Income : 1,085,463 675,658 Profit-Continuing Operations - Operating Profit/(Loss) : 51,177 5,522 - Exceptional Items : - 6,501 - Discontinued Operations : - - Total Operating Profit/(Loss) : 51,177 12,023 Share of Profit/(Loss) of Associated Companies : (8,775) (8,418) Profit/(Loss) after Tax & MI : 12,451 1,396 % Change over Last Period : +791.91% EPS/(LPS)-Basic : 2.7 cents 0.3 cent -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 12,451 1,396 Interim Dividend per Share : 0.5 cent 1.2 cents (Specify if with other options) : - - B/C Dates for Interim Dividend : 19/10/1999 to 20/10/1999 bdi. Payable Date : 28/10/1999 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : Nil B/C Dates for Other Distribution : N/A Remarks: 1. Exceptinal item comprised: 1999 1998 HK$'000 HK$'000 Gain on disposal of portion of interests in an associated company - 6,501 === ==== 2. The calculation of basic earning per share is based on the profit attributable to shareholders of approximately HK$12,451,000 (1998: HK$1,396,000) and on the weighted average number of approximately 456,097,000 shares (1998: 429,672,000 shares) in issue during the period. Diluted earnings per share is not shown as there is no dilution effect for both years.