UPBEST GROUP<00335> - Results Announcement
Upbest Group Limited announced on 13/11/2003:
(stock code: 00335 )
Year end date: 31/03/2004
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2003 from 01/04/2002
to 30/09/2003 to 30/09/2002
Note ('000 ) ('000 )
Turnover : 32,253 28,477
Profit/(Loss) from Operations : 17,859 18,012
Finance cost : (2,028) (1,441)
Share of Profit/(Loss) of
Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 12,541 13,371
% Change over Last Period : -6.21 %
EPS/(LPS)-Basic (in dollars) : 0.011 0.012
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 12,541 13,371
Interim Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
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. Turnover and segment Information
An analysis of the turnover and contribution to profit from operating
activities by principal activity for the period is as follows:
Six months ended 30th September
2003
Turnover Contribution to
profit before tax
(unaudited) (unaudited)
HK$'000 HK$'000
Securities brokerage and futures
brokerage 7,425 2,167
Margin financing & money lending 18,805 15,903
Corporate finance advisory, placing
& underwriting 4,880 3,068
Assets management 1,143 171
-------- ---------
32,253 21,309
Provision for doubtful debt ======== (8,128)
Net investment income (losses) 2,585
Other income 65
---------
Profit before taxation 15,831
Taxation (3,290)
---------
Profit after taxation 12,541
=========
Six months ended 30th September
2002
Turnover Contribution to
profit before tax
(unaudited) (unaudited)
HK$'000 HK$'000
Securities brokerage and futures
brokerage 5,404 1,406
Margin financing & money lending 17,224 13,054
Corporate finance advisory, placing
& underwriting 3,859 2,679
Assets management 1,990 1,141
-------- --------
28,477 18,280
========
Provision for doubtful debt -
Net investment income (losses) (1,719)
Other income 10
--------
Profit before taxation 16,571
Taxation (3,200)
--------
Profit after taxation 13,371
========
The Group has no operating activities outside Hong Kong and accordingly a
geographical analysis of such activities has not been presented.
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 30th September 2003
of HK$12,541,000 (2002: HK$13,371,000) and the weighted average number of
1,120,000,000 shares (2002: 1,120,000,000 shares).
There is no diluted earnings per share for the periods ended 30th
September 2003 and 2002 presented since the Company has no dilutive
potential ordinary shares.
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