GREAT CHINA<0141> - Results Announcement
Great China Holdings Limited announced on 24/6/1999:
(stock code: 141)
Year end date: 31/12/1999
Currency: HKD
6-month Period 6-month Period
from 1/10/1998 from 1/10/1997
to 31/3/1999 to 31/3/1998
('000) ('000)
Turnover/Interest Income : 489,032 85,158
Profit-Continuing Operations
- Operating Profit/(Loss) : 5,224 6,812
- Exceptional Items : (6,276) 1,137
- Discontinued Operations : N/A N/A
Total Operating Profit/(Loss) : (1,052) 7,949
Share of Profit/(Loss) of
Associated Companies : 474 209
Profit/(Loss) after Tax & MI : (1,139) 7,377
% Change over Last Period : N/A
EPS/(LPS)-Basic : (0.44 cent) 2.82 cents
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (1,139) 7,377
Interim Dividend per Share : Nil 0.80 cent
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : N/A
Payable Date : N/A
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) Exceptional items comprised:
Six months ended 31st March
1999 1998
HK$'000 HK$'000
Loss on disposal of a motor vessel (6,276) 0
Compensation received 0 1,137
---------- ---------
(6,276) 1,137
========== =========
(2) No diluted (Loss)/earnings per share is shown for the current period
and prior period. The share options have no dilutive effect on the basis
(loss)/earnings per price as the exercise price of the Company's
outstanding share options was higher than the average market price of the
Company's share during the period.
(3) The directors of the Company announce that the Company's current
financial year end will be changed from 30th Setpember 1999 to 31
December 1999 to cover a period of fifteen months from 1st October 1998.
In the future, the financial year will begin from 1st January and end on
31st December each year. Accordingly, a second interim report for the six
months ending 30th September 1999 will be published on or before 31st
December 1999 and an audited report for the fifteen months ending 31st
December 1999 will be prepared and published in due course.
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