VICTORY CITY<00539> - Results Announcement
Victory City International Holdings Limited announced on 12/07/2006:
(stock code: 00539 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/04/2005 from 01/04/2004
to 31/03/2006 to 31/03/2005
Note ('000 ) ('000 )
Turnover : 2,833,111 2,403,384
Profit/(Loss) from Operations : 337,794 253,652
Finance cost : (36,135) (17,983)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 250,269 202,655
% Change over Last Period : +23.5 %
EPS/(LPS)-Basic (in dollars) : 0.434 0.361
-Diluted (in dollars) : 0.433 0.357
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 250,269 202,655
Final Dividend : 6 cents 5.5 cents
per Share
(Specify if with other : with scrip option with scrip option
options)
B/C Dates for
Final Dividend : 22/08/2006 to 25/08/2006 bdi.
Payable Date : 13/10/2006
B/C Dates for Annual
General Meeting : 22/08/2006 to 25/08/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. SUMMARY OF THE EFFECTS OF THE CHANGES IN ACCOUNTING POLICIES
The effects of the changes in the accounting policies described above on
the results for the current and prior years are as follows:
Effect of 2006 2005
HK$'000 HK$'000
Non-amortisation of goodwill HKFRS 3 923 -
Decrease in depreciation HKAS 17 334 334
Changes in fair value of derivative financial instruments
HKAS 39 (2,054) -
Changes in fair value of investment properties
HKAS 40 17,539 -
Increase in deferred tax liabilities relating to investment properties
HK(SIC) 21 (3,194) (1,334)
_______ _______
Increase (decrease) in profit 13,548 (1,000)
_______ _______
_______ _______
2. EARNINGS PER SHARE
The calculation of the basic and diluted earnings per share attributable
to the equity holders of the Company for the year is based on the
following data:
2006 2005
HK$'000 HK$'000
(restated)
Profit for the year attributable to equity holders
of the Company 250,269 202,655
_______ _______
_______ _______
Number of shares
Weighted average number of ordinary shares for the
purposes of basic earnings per share 576,662,264 560,612,293
Effect of dilutive potential ordinary shares in respect
of share options 677,126 7,835,563
___________ ___________
Weighted average number of ordinary shares for the
purposes of diluted earnings per share 577,339,390 568,447,856
___________ ___________
___________ ___________
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