Shenzhen Investment Limited announced on 23/9/2002:
(stock code: 604)
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/1/2002 from 1/1/2001
to 30/6/2002 to 30/6/2001
('000) ('000)
Turnover : 589,862 676,698
Profit/(Loss) from Operations : 141,776 124,771
Finance cost : (57,416) (86,280)
Gain on deemed disposal of an associates : - 92,763
Share of Profit/(Loss) of Associates : 226,825 140,001
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 163,159 162,335
% Change over Last Period : +0.51%
EPS/(LPS)-Basic : 7.52 cents 7.50 cents
-Diluted : 7.32 cents 7.39 cents
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 163,159 162,335
Interim Dividend per Share : 1.50 cents 3.00 cents
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : 16/10/2002 to 18/10/2002 bdi.
Payable Date : 31/10/2002
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
1) Interim dividend
The interim dividend of HK 1.50 cents per share for the six months ended 30 June 2002 was declared on the basis of the subdivision of shares subsequent to the balance sheet date on 30th July, 2002.
2) Changes in the EPS figures in the corresponding period
The weighted and diluted weighted average number of shares outstanding for the six months ended 30th June 2001 and 2000 have been retrospectively adjusted for the effect of the subdivision of shares subsequent to the balance sheet date on 30th July 2002.
3) Earnings per share
The calculation of basic earnings per share was based on the net profit attributable to shareholders of HK$163,159,000 (2001:HK$162,335,000) and the weighted average number of 2,170,619,726 (2001:2,163,678,454) shares in issue during the period. The weighted average number of shares outstanding for the six months ended 30 June 2001 and 2002 have been retrospectively adjusted for the effect of the subdivision of shares subsequent to the balance sheet date.
The calculation of diluted earnings per share for the period was based on the net profit attributable to shareholders of HK$163,159,000 (2001:HK$162,335,000). The weighted average number of ordinary shares used in the calculation is the 2,170,619,726 (2001:2,163,678,454) shares in issue during the period, as used in basic earnings per share and weighted average number of 57,710,652 (2001:33,732,232) ordinary shares assumed to have been issued at no consideration on the deemed exercise of all share options during the period. The convertible bonds have not been included in the calculation of diluted earnings per share for the period since their effects are anti-dilutive.
4) Comparative amounts
For the period ended on 30 June 2001, investment income of HK$39,052,000 and other revenue of HK$18,682,000 were grouped together under other revenue and gains as in the opinion of the directors, such reclassification would produce a more appropriate presentation of the Group's results.
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