UPBEST GROUP<00335> - Results Announcement (Summary)
Upbest Group Limited announced on 5/12/2002:
(stock code: 335)
Year end date: 31/3/2003
Currency: HK$
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/4/2002 from 1/4/2001
to 30/9/2002 to 30/9/2001
('000) ('000)
Turnover : 28,477 25,204
Profit/(Loss) from Operations : 18,012 13,292
Finance cost : (1,441) (3,770)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 13,371 7,232
% Change over Last Period : +84.89%
EPS/(LPS)-Basic : 1.2 cents 0.6 cent
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 13,371 7,232
Interim Dividend per Share : NIL 1.5 cents
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : N/A
Payable Date : N/A
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 for the period is as follows:
2002 2001
Contribution to Contribution to
Turnover profit before tax Turnover profit before tax
----------------------------------------------------------
(unaudited) (unaudited) (unaudited) (unaudited)
HK$'000 HK$'000 HK$'000 HK$'000
Securities
brokerage and
futures brokerage 5,404 1,406 6,984 2,841
Margin financing
& money lending 17,224 13,054 16,113 11,788
Corporate advisory,
placing
& underwriting 3,859 2,679 1,433 771
Assets management 1,990 1,141 674 366
------------------------------------------------------
28,477 18,280 25,204 15,766
======== ======
Net investment losses (1,719) (6,295)
Other income 10 51
---------- --------
Profit before taxation 16,571 9,522
Taxation (3,200) (2,290)
------- --------
Profit after taxation 13,371 7,232
======= ========
2. Basic earnings per share
The calculation of basic earnings per share is based on the Group's profit
attributable to shareholders for the six months ended 30 September 2002 of
HK$13,371,000 (2001: HK$7,232,000) and the weighted average number of
1,120,000,000 shares (pursuant to a resolution passed in the annual
general meeting held on 15 July 2002, there was bonus issue made on the
basis of three bonus shares for every one existing ordinary share held by
the shareholders) (2001: 1,120,000,000 shares *) after adjusting for the
bonus issue during the period.
There is no diluted earnings per share for the periods ended 30 September
2002 and 2001 presented since the Company has no dilutive potential
ordinary shares.
* Adjusted for bonus issue in 2002
|
