HEMBLY INT'L<03989> - Results Announcement
Hembly International Holdings Limited announced on 13/09/2006:
(stock code: 03989 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors
(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 : 262,756 165,198
Profit/(Loss) from Operations : 50,904 30,349
Finance cost : (9,960) (4,828)
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 : 34,997 22,982
% Change over Last Period : +52.3 %
EPS/(LPS)-Basic (in dollars) : 0.1944 0.1922
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 34,997 22,982
Interim Dividend : 3.0 cents NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : 18/10/2006 to 23/10/2006 bdi.
Payable Date : 02/11/2006
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) Basis of preparation
The Company was incorporated on 27 May 2004 as an exempted company with
limited liability in the Cayman Islands under the Companies Law Cap. 22 (
Law 3 of 1961, as consolidated and revised) of the Cayman Islands.
Pursuant to a group reorganisation (the "Group Reorganisation") to
rationalise the structure of the Group in preparation for the listing of
the Company's shares on The Stock Exchange of Hong Kong Limited (the "
Stock Exchange"), the Company issued shares in exchange for the entire
issued share capital of Full Prosper Holdings Limited and thereby became
the holding company of the Group on 13 June 2006. Details of the Group
Reorganization are set out in the prospectus dated 30 June 2006 issued by
the Company (the "Prospectus"). The condensed consolidated financial
statements have been prepared as if the current structure had been in
existence during the period.
The shares of the Company have been listed on the Stock Exchange with
effect from 13 July 2006.
The condensed consolidated financial statements have been prepared in
accordance with the applicable disclosure requirements of Appendix 16 to
the Rules Governing the Listing of Securities on the Stock Exchange and
with Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued
by the HKICPA.
This condensed consolidated financial statement should be read in
conjunction with the Group's audited financial statements included in the
Prospectus.
The unaudited condensed consolidated financial statements have been
prepared under the historical cost basis except for certain financial
instruments, which are measured at fair value.
The accounting policies adopted in these unaudited condensed consolidated
financial statements are consistent with those followed in the underlying
financial statements used in the preparation of the Group's accountants'
report for the year ended 31 December 2005 as set out in the Prospectus.
In the current period, the Group has applied, for the first time, a number
of new standards, amendments and interpretations (hereinafter collectively
referred to as "new HKFRSs") issued by the HKICPA that are effective for
accounting periods beginning on or after 1 December 2005 or 1 January
2006. The application of the new HKFRSs has had no material effect on how
the results for the current and prior accounting periods are prepared and
presented. Accordingly, no prior period adjustments have been required.
2) Revenue
Revenue represents net amounts received and receivable for goods sold by
the Group to outside customers and services provided to outside customers
less returns and allowance. An analysis of the Group's revenue for the
periods is as follows and no reportable business or geographical segment
is noted for both periods:
Six months ended
30 June
2006 2005
HK$'000 HK$'000
(unaudited) (unaudited)
Sales of apparel and accessories 236,483 159,027
Distribution and retailing of apparel and footwear
26,101 6,023
Royalty fee income 172 148
--------------------------
262,756 165,198
==========================
3) Earnings per share
The calculation of the basic earnings per share is based on the profit
attributable to equity holders of the Company and on the basis of
180,000,000 shares of the Company in issue and issuable throughout during
the period ended 30 June 2006 (six months ended 30 June 2005: 119,601,326
shares)
There were no dilutive potential ordinary shares in existence during the
period under review and, therefore, no diluted earnings per share amounts
have been presented.
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