Silkwave Inc — Interim / Quarterly Report 2006

Sep 19, 2006

Listed Company Information

Listed Company Information
SOUTH CHINA H<00265> - Results Announcement South China Holdings Limited announced on 19/09/2006: (stock code: 00265 ) Year end date: 31/12/2006 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2006 from 01/01/2005 to 30/06/2006 to 30/06/2005 Note ('000 ) ('000 ) Turnover : 1,773,514 1,642,794 Profit/(Loss) from Operations : 147,028 37,044 Finance cost : (13,048) (6,719) Share of Profit/(Loss) of Associates : (2,769) 2,077 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 96,786 27,238 % Change over Last Period : +255.3 % EPS/(LPS)-Basic (in dollars) : 0.0531 0.0149 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 96,786 27,238 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. Accounting policies The unaudited condensed interim financial statements ("interim financial statements") have been prepared in accordance with the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and in compliance with the Hong Kong Accounting Standards No. 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants. These interim financial statements should be read, where relevant, in conjunction with the 2005 annual financial statements of the Group. The accounting policies and methods of computation used in the preparation of the interim financial statements are consistent with those used in the annual financial statements for the year ended 31 December 2005. 2. Basic earnings per share The calculation of basic earnings per share is based on the profit attributable to equity holders of the Company of approximately HK$96,786, 000 (six months ended 30 June 2005: HK$27,238,000) and on 1,823,401,376 shares (six months ended 30 June 2005: 1,823,401,376 shares) in issue during the period. Diluted earnings per share is not shown, as there is no dilution effect for both periods.