KWONG HING INTL<01131> - Results Announcement (Summary)
Kwong Hing International Holdings (Bermuda) Limited announced on
18/07/2003:
(stock code: 1131)
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
('000) ('000)
Turnover : 353,326 336,032
Profit/(Loss) from Operations : 23,179 (1,713)
Finance cost : - (34)
Share of Profit/(Loss) of Associates : - (19,997)
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 22,180 (20,303)
% Change over Last Period : N/A
EPS/(LPS)-Basic : 5.7 cents (10.9 cents)
-Diluted : 5.7 cents N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 22,180 (20,303)
Final Dividend per Share : $0.013 Nil
Special dividend per Share : $0.020 Nil
(Specify if with other : N/A N/A
options)
B/C Dates for Final and Special Dividend : 25/8/2003 to 28/8/2003 bdi.
Payable Date : 29/8/2003
B/C Dates for Annual General Meeting : 25/8/2003 to 28/8/2003 bdi.
Other Distribution for Current Period : Nil
B/C Dates for Other Distribution : N/A
Remark:
The calculation of the basic and diluted earnings per share is based on
the following data:
2003 2002
HK$'000 HK$'000
Net profit (loss) for the year 22,180 (20,303)
=======================
Weighted average number of ordinary shares
for the purposes of basic earnings per share 386,640,000 186,258,082
Effect of dilutive potential ordinary shares
in respect of share options 2,677,243 -
------------------------
Weighted average number of ordinary shares
for the purposes of diluted earnings per
share 389,317,243 186,258,082
=========================
The weighted average number of ordinary shares for the basic
earnings per share has been adjusted for the effect of the consolidation
of every 10 shares of HK$0.01 each into 1 share of HK$0.10 each effected
on 19th March, 2003.
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