GREAT CHINA<0141> - Results Announcement
Great China Holdings Limited announced on 8/3/2000:
(stock code: 141)
Year end date: 31/12/1999
Currency: HKD
(Audited) (Audited)
15-month 12-month
Period Period
from 1/10/1998 from 1/10/1997
to 31/12/1999 to 30/9/1998
('000) ('000)
Turnover
- Continuing : 1,044,547 542,773
- Discontinued : N/A N/A
Operating Profit/(Loss)
- Continuing : (51,919) 3,258
- Discontinued : N/A N/A
Total Operating Profit/(Loss) : (51,919) 3,258
Share of Profit/(Loss) of
Associated Companies : 3,538 675
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (51,150) 8,640
% Change over Last Period : N/A
EPS/(LPS)-Basic : (19.55 cents) 3.3 cents
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (51,150) 8,640
Final Dividend per Share : NIL NIL
(Specify if with other options) : N/A N/A
B/C Dates for Final 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 year. The share options have no dilutive effect on the basis
(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 that 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.
(3) Fifteen Year ended
months ended
HK$'000 HK$'000
Loss on disposal of motor vessels (16,481) -
Insurance compensation received for
a motor vessel destroyed 13,948 -
Penalty for early termination of lease
agreement (1,232) -
Gain on disposal of 5% equity interests in
a subsidiary 12,859 -
Unsecured loan written off (7,741) -
Gain on dissolution of a subsidiary 2,442 -
Write down of fixed assets to
recoverable amount (30,000) -
Compensation received - 751
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(26,205) 751
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