SAM WOO<02322> - Results Announcement
Sam Woo Holdings Limited announced on 9/12/2004:
(stock code: 02322 )
Year end date: 31/3/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 1/4/2004 from 1/4/2003
to 30/9/2004 to 30/9/2003
Note ('000 ) ('000 )
Turnover : 8,210 70,802
Profit/(Loss) from Operations : (31,402) 17,186
Finance cost : (2,808) (3,206)
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 : (29,084) 8,553
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.0969) 0.0288
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (29,084) 8,553
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 recognised during the period are as follows:
Unaudited
Six months ended
30th September
2004 2003
HK$'000 HK$'000
Turnover
Revenue from foundation works 7,098 50,833
Rental of machinery and equipment 1,112 3,084
Sale of machinery and equipment - 16,885
------- -------
8,210 70,802
====== =======
II Profit/(Loss) from Operations
Unaudited
Six months ended
30th September
2004 2003
HK$'000 HK$'000
Operating (loss)/profit is stated
after charging the following:
Cost of inventories sold - 5,137
Staff costs, excluding directors'
emoluments 9,037 15,432
Auditors' remuneration 80 180
Depreciation
Owned fixed assets 7,449 4,001
Leased fixed assets 4,521 8,365
Operating lease rentals
in respect of land and buildings 926 960
==== =======
III (Loss)/earnings per share
The calculation of basic loss per share is based on the Group's loss
attributable to shareholders of HK$29,084,000 (2003: profit of
HK$8,553,000) and the weighted average number of 300,000,000 (2003:
297,418,033) ordinary shares in issue during the period. Diluted
loss/earnings per share is not presented as the exercise of share options
would have no dilutive effect on loss/earnings per share for periods ended
30th September 2004 and 30th September 2003.
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