GREAT CHINA<0141> - Results Announcement
Great China Holdings Limited announced on 17/12/1999:
(stock code: 141)
Year end date: 31/12/1999
Currency: HKD
(Audited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/10/1998 from 1/10/1997
to 30/9/1999 to 30/9/1998
('000) ('000)
Turnover
- Continuing : 889,754 542,773
- Discontinued : N/A N/A
Operating Profit/(Loss)
- Continuing : (9,138) 3,258
- Discontinued : N/A N/A
Total Operating Profit/(Loss) : (9,138) 3,258
Share of Profit/(Loss) of
Associated Companies : 1,410 675
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (8,728) 8,640
% Change over Last Period : N/A
EPS/(LPS)-Basic : (3.34 cents) 3.30 cents
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (8,728) 8,640
Second Interim Dividend per Share : NIL NIL(Final Div)
(Specify if with other options) : N/A N/A
B/C Dates for Second 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) No diluted (loss)/earnings per share is shown for the current period
and prior period. The Share options have no dilutive effect on the basic
(loss)/earnings per share as the exercise price of the Company's
outstanding share options was higher than the average market price of the
Company's share.
2) The Directors of the Company had announced the Company's current
financial year end will be changed from 30th September 1999 to 31st
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. As a result, a first and a second interim report
for the six months ending 31st March 1999 and for the twelve months ending
30th September 1999 were published accordingly and an audited report for
the fifteen months ending 31st December 1999 will be prepared and
published in due course.
3) Twelve months ended 30th September
Unaudited 1999 Audited 1998
HK$'000 HK$'000
Loss on disposal of a motor vessel (6,276) 0
Net insurance compensation of a
motor vessel 3,743 0
Compensation for early termination
of lease agreement (1,232) 0
Gain on disposal of 5% equity
interest in a subsidiary company 12,778 0
Bad debt written off (7,740) (4,000)
Compensation received 0 751
--------- --------
1,273 (3,249)
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For more details, please refer to the press announcement today.
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