Listed Company Information
 

GREAT CHINA<00141> - Results Announcement

Great China Holdings Limited announced on 22/09/2006:
(stock code: 00141 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2006    from 01/01/2005
                                     to 30/06/2006      to 30/06/2005
                               Note  ('000      )       ('000      )
Turnover                           : 777,623            948,555           
Profit/(Loss) from Operations      : 21,112             20,005            
Finance cost                       : (4,946)            (2,311)           
Share of Profit/(Loss) of 
  Associates                       : 426                (4,798)           
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 16,051             11,056            
% Change over Last Period          : +45.18    %
EPS/(LPS)-Basic (in dollars)       : 0.0613             0.0422            
         -Diluted (in dollars)     : 0.0613             0.0422            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 16,051             11,056            
Interim Dividend                   : $0.01              $0.01
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim Dividend                 : 10/10/2006         to 12/10/2006 bdi.
Payable Date                       : 26/10/2006
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.      Earnings per share

Basic

Basic earnings per share is calculated by dividing the profit attributable 
to equity holders of the Company by the weighted average number of 
ordinary shares in issue during the period.

                                                  Unaudited
                                           For the six months ended
                                        30 June 2006    30 June 2005
Profit attributable to equity holders 
 of the Company (HK$'000)                  16,051          11,056
Weighted average number of ordinary 
 shares in issue (thousands)              261,685         261,685
Basic earnings per share (HK$ per share)   0.0613          0.0422

Diluted

Diluted earnings per share are the same as the basic earnings per share 
since the Company has no dilutive potential ordinary share.


2.      Change of the Last Corresponding Results

The adoption of Amendment to HKAS 39, Amendment "The fair value option" 
has restricted the circumstances in which a financial asset or liability 
may be designated as at fair value through profit or loss and has resulted 
in a change in accounting policy relating to the recognition of financial 
asset at fair value through profit or loss.  The change in accounting 
policy has been made in accordance with the transitional provisions in the 
standards.  The date of de-designation of financial asset at fair value 
through profit or loss is deemed to be its date of initial recognition, 
which is 1 January 2005.  At the date of de-designation, the fair value of 
the financial asset at fair value through profit or loss was approximately 
HK$862,000.

The adoption of Amendment to HKAS 39 resulted in an increase in retained 
earnings and a decrease in available-for-sale financial assets revaluation 
reserve at 1 January 2005 by approximately HK$2,008,000 and the details of 
the adjustments to the income statement for the six months ended 30 June 
2006 and 30 June 2005 are as follows:

                                          For the six months ended
                                        30 June 2006    30 June 2005
                                          HK$'000         HK$'000

Decrease in fair value gains on financial assets at
  fair value through profit or loss         -               222

Increase in basic and diluted earnings per share (HK$)  
                                            -               0.00085