MENGNIU DAIRY<02319> - Results Announcement
China Mengniu Dairy Company Limited announced on 23/08/2005:
(stock code: 02319 )
Year end date: 31/12/2005
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 30/06/2005 to 30/06/2004
Note ('000 ) ('000 )
Turnover : 4,754,042 3,472,671
Profit/(Loss) from Operations : 344,099 253,749
Finance cost : (12,892) (13,622)
Share of Profit/(Loss) of
Associates 2 : (4,710) 415
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 246,527 184,080
% Change over Last Period : +33.9 %
EPS/(LPS)-Basic (in dollars) 1 : 0.22 0.24
-Diluted (in dollars) 1 : 0.18 0.16
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 246,527 184,080
Interim Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim 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. Earnings per share
The calculation of the basic earnings per share for the six months ended
30 June 2005 is based on the net profit from ordinary activities
attributable to equity holders of the Company of RMB246,527,000 (six
months ended 30 June 2004: RMB184,080,000) and the weighted average number
of ordinary shares of 1,131,897,000 (six months ended 30 June 2004: 781,
593,000) outstanding during the period.
The calculation of the diluted earnings per share for six months ended 30
June 2005 is based on the net profit from ordinary activities attributable
to equity holders of the Company of RMB246,527,000 (six months ended 30
June 2004: RMB184,080,000) and the weighted average number of ordinary
shares outstanding during the period (adjusted for the effects of dilutive
potential ordinary shares) of 1,368,416,000 (six months ended 30 June
2004: 1,150,010,000).
A reconciliation of the weighted average number of shares used in
calculating the basic and diluted earnings per share is as follows:
Unaudited
For the six months
ended 30 Jun
2005 2004
Number of Number of
'000 shares '000 shares
Weighted average number of ordinary
shares for the purpose of basic
earnings per share calculation 1,131,897 781,593
Weighted average number of ordinary
shares, assuming issued at conversion
of convertible instrument during the
period 236,519 368,417
----------- ----------
Weighted average number of ordinary
shares for the purpose of diluted
earnings per share calculation 1,368,416 1,150,010
=========== ==========
2. As a result of the revision of IAS 1 "Presentation of Financial
Statements", the share of associates' taxation for the six months ended 30
June 2004 of approximately RMB901,000 was included in the income statement
as share of profit or loss of associates instead of the income tax
expense.
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