Skyworth Group Limited — Earnings Release 2003

Jul 22, 2003

Listed Company Information

SKYWORTHDIGITAL<00751> - Results Announcement Skyworth Digital Holdings Limited announced on 22/7/2003: (stock code: 00751 ) Year end date: 31/3/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/4/2002 from 1/4/2001 to 31/3/2003 to 31/3/2002 Note ('000 ) ('000 ) Turnover : 8,002,313 5,604,714 Profit/(Loss) from Operations : 284,943 82,331 Finance cost : (538) (3,976) Share of Profit/(Loss) of Associates : (333) N/A Share of Profit/(Loss) of Jointly Controlled Entities : (7,588) (1,389) Profit/(Loss) after Tax & MI : 213,580 62,238 % Change over Last Period : +243 % EPS/(LPS)-Basic (in dollars) : 0.1017 0.0303 -Diluted (in dollars) : 0.0949 0.0251 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 213,580 62,238 Final Dividend : 4.5 cents 3 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 19/8/2003 to 25/8/2003 bdi. Payable Date : 4/9/2003 B/C Dates for Annual General Meeting : 19/8/2003 to 25/8/2003 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. EARNINGS (LOSS) PER SHARE The calculation of the basic and diluted earnings per share for the year ended 31 March 2003 is based on the following data: HK$'000 Net profit for the purposes of basic earnings per share: 213,580 Net profit for the year Effect of dilutive potential ordinary shares: Adjustment to the earnings of subsidiaries in respect of the effect of its dilutive potential ordinary shares (8,819) ----------- Net profit for the purposes of diluted earnings per share 204,761 =========== Weighted average number of ordinary shares for the purpose of basic earnings per share 2,100,931,660 Effect of dilutive potential ordinary shares: Share options 57,145,640 Weighted average number of ordinary shares for purpose ---------------- of diluted earnings per shares 2,158,077,300 ================ The calculation of the basic earnings per share for the year ended 31 March 2002 is based on the net profit for the year of HK$62,238,000 and on the weighted average number of 2,057,374,044 ordinary shares in issue during the year ended 31 March 2002. 2. FINANCE COSTS 2003 2002 HK$'000 HK$'000 Interest on bank borrowings - wholly repayable within five years 406 3,361 - not wholly repayable within five years 132 615 ------- -------- 538 3,976 Bank charges of HK$4,744,000 and net foreign exchange losses of HK$255,000 in prior year was reclassified from finance costs to include in general and administrative expenses to conform with the current year's presentation.