UPBEST GROUP<00335> - Results Announcement (Summary)
Upbest Group Limited announced on 17/12/2001:
(stock code: 335)
Year end date: 31/3/2002
Currency: HK$ (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/4/2001 from 1/4/2000
to 30/9/2001 to 30/9/2000
('000) ('000)
Turnover : 25,204 32,256
Profit/(Loss) from Operations : 13,292 51,139
Finance cost : (3,770) (2,128)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 7,232 45,595
% Change over Last Period : -84%
EPS/(LPS)-Basic : 3 cents 22 cents
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 7,232 45,595
Interim Dividend per Share : 1.5 cents NIL
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : 17/1/2002 to 18/1/2002 bdi.
Payable Date : 25/1/2002
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
1. An analysis of the turnover and contribution to profit from operating
activities by principal activity:
Turnover Contribution to profit from
operating activities
Six months ended Six months ended
30 September 30 September 30 September 30 September
2001 2000 2001 2000
Unaudited Unaudited Unaudited Unaudited
HK$'000 HK$'000 HK$'000 HK$'000
Commission and brokerage income from securities broking
5,623 12,910 2,426 9,475
Commission and brokerage income from future contracts broking
233 372 (146) 102
Margin financing interest Income
5,207 12,534 3,808 9,154
Loan financing interest income
8,526 2,016 5,600 1,458
Interest income earned from financial institutions and other sources
2,380 527 2,380 527
Management and handling fee from securities broking
1,128 1,669 561 1,193
Placing and underwriting Commission
168 1,669 105 1,026
Investment management fee
674 0 366 0
Corporate finance advisory fee
1,265 559 666 181
--------------------------------------------------------
25,204 32,256 15,766 23,116
======================
Investment (loss) income (6,295) 25,876
Other income 51 19
-----------------------
Profit before taxation 9,522 49,011
=======================
2. Basis of calculation for basis EPS
The calculation of basic earnings per share is based on the Group's profit
attributable to shareholders for the six months ended 30 September 2001 of
HK$7,232,000 (2000: HK$45,595,000) and the weighted average number of
280,000,000 shares (2000: 210,000,000 shares deemed to be in issue) during
the period.
The effects of all potential ordinary shares are anti-dilutive for the
periods.
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