SAM WOO<02322> - Results Announcement
Sam Woo Holdings Limited announced on 22/07/2005:
(stock code: 02322 )
Year end date: 31/03/2005
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/04/2004 from 01/04/2003
to 31/03/2005 to 31/03/2004
Note ('000 ) ('000 )
Turnover : 62,498 137,083
Profit/(Loss) from Operations : (21,479) 11,551
Finance cost : (5,492) (6,437)
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 : (22,174) 1,081
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.0739) 0.0036
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (22,174) 1,081
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 Annual
General Meeting : 17/08/2005 to 24/08/2005 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
I Turnover
The Group is principally engaged in foundation works, leasing of machinery
and equipment for foundation works and trading of machinery and equipment.
Turnover recognised during the year are as follows:
2005 2004
HK$'000 HK$'000
Turnover
Revenue from foundation works 16,149 85,871
Additional revenue from completed contracts 38,512 -
Rental of machinery and equipment 1,163 7,095
Sale of machinery and equipment 6,674 44,117
-------------------------
62,498 137,083
========================
II Profit/(Loss) from Operations
2005 2004
HK$'000 HK$'000
Operating (loss)/profit is stated after charging the following:
Cost of inventories sold 1,574 21,703
Staff costs, excluding directors' emoluments 16,442 31,344
Auditors' remuneration 700 750
Depreciation
Owned fixed assets 16,651 13,750
Leased fixed assets 7,022 10,884
Operating lease rentals in respect of
land and buildings 1,732 2,191
Provision for doubtful debts 27 731
========================
III (Loss)/earnings per share
The calculation of basic loss/earnings per share is based on the Group's
loss attributable to shareholders of HK$22,174,000 (2004: profit of
HK$1,081,000) and the weighted average number of 300,000,000
(2004: 298,705,479) ordinary shares in issue during the year.
Diluted loss/earnings per share is not presented as the exercise of share
options would have no dilutive effect on loss/earnings per share for years
ended 31 March 2004 and 2005.
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