Listed Company Information
 

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.