GREAT CHINA<00141> - Results Announcement
Great China Holdings Limited announced on 15/04/2004:
(stock code: 00141 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2003 from 01/01/2002
to 31/12/2003 to 31/12/2002
Note ($ ) ($ )
Turnover : 777,627,194 676,710,295
Profit/(Loss) from Operations : (7,279,141) 19,578,812
Finance cost : (12,243,272) (11,898,254)
Share of Profit/(Loss) of
Associates : 579,538 2,019,820
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (20,142,530) 7,257,274
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.077) 0.0277
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (20,142,530) 7,257,274
Final Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Basis of preparation
In the current year, the Group adopted the Statement of Standard
Accounting Practice ("SSAP") No. 12 "Income Taxes" issued by the HKSA
which is effective for accounting periods commencing on or after 1st
January, 2003.
2. An analysis of turnover and contributions to operating profit/
(loss) from continuing operations
TURNOVER CONTRIBUTION
2003 2002 2003 2002
HK$'000 HK$'000 HK$'000 Hk$'000
Continuing operations
General trading 734,099 652,793 (9,655) (13,336)
Property investment 42,568 22,670 12,121 16,233
Real estate agency services
960 1,247 (1,363) (1,684)
---------------------------------------
777,627 676,710 1,103 1,213
======================================
Interest income 790 1,505
Judgement debt with related legal cost - (10,449)
Gain on disposal of investment properties - 41,102
Impairment of land and buildings - -
Unallocated corporate expenses (9,172) (13,792)
----------------
Operating profit/(loss) (7,279) 19,579
===============
3. Earnings/(loss) per share
(Loss)/earnings per share is calculated based on the loss attributable to
shareholders of the Group for the year of HK$20,142,530 (2002 as restated:
profit of HK$7,257,274) and 261,684,910 shares (2002: 261,684,910 shares)
of the Company in issue during the year.
No diluted (loss)/earnings per share has been presented for current and
prior year because the exercise of the options have no dilutive effect for
the years.
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