SAM WOO<02322> - Results Announcement
Sam Woo Holdings Limited announced on 23/12/2005:
(stock code: 02322 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2005 from 01/04/2004
to 30/09/2005 to 30/09/2004
Note ('000 ) ('000 )
Turnover : 20,753 8,210
Profit/(Loss) from Operations : 5,425 (31,402)
Finance cost : (3,204) (2,808)
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 : 2,571 (29,084)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : 0.0086 (0.0969)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 2,571 (29,084)
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:
I Turnover
The Group is principally engaged in foundation works, leasing of machinery
and equipment for foundation works and trading of machinery and equipment.
Turnover and revenues recognised during the period are as follows:
Unaudited
Six months ended
30th September
2005 2004
HK$'000 HK$'000
Turnover
Revenue from foundation works 9,097 7,098
Rental of machinery and equipment 3,507 1,112
Sale of machinery and equipment 8,149 -
------ -------
20,753 8,210
------ -------
Other revenue
Interest income 437 91
------- -------
437 91
======= =======
Total revenues 21,190 8,301
======= =======
II Profit/(Loss) from Operations
Unaudited
Six months ended
30th September
2005 2004
HK$'000 HK$'000
Operating profit/(loss) is stated after
charging:
Cost of inventories sold 3,236 -
Staff costs, excluding directors' emoluments 6,491 9,037
Auditors' remuneration 100 80
Depreciation
Owned fixed assets 8,755 8,319
Leased fixed assets 2,359 3,651
Operating lease rentals in respect of land
and buildings 1,723 926
======= =======
and after crediting:
Bad debt recovered 15,000 -
======= =======
III Earnings/(loss) per share
The calculation of basic earnings/(loss) per share is based on the Group's
profit attributable to equity holders of the Company of HK$2,571,000 (
2004: loss of HK$29,084,000) and the number of 300,000,000 (2004: 300,000
,000) ordinary shares in issue during the period. Diluted earnings/(loss)
per share is not presented as the exercise of share options would have no
dilutive effect on earnings/(loss) per share for periods ended 30th
September 2005 and 30th September 2004.
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