UPBEST GROUP<00335> - Results Announcement
Upbest Group Limited announced on 16/11/2004:
(stock code: 00335 )
Year end date: 31/3/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 1/4/2004 from 1/4/2003
to 30/9/2004 to 30/9/2003
Note ('000 ) ('000 )
Turnover : 27,825 32,253
Profit/(Loss) from Operations : 19,468 17,859
Finance cost : (1,229) (2,028)
Share of Profit/(Loss) of
Associates : (26) 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 15,263 12,541
% Change over Last Period : +21.7 %
EPS/(LPS)-Basic (in dollars) : 0.014 0.011
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 15,263 12,541
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 before taxation by
principal activities for the period is as follows:
Six months ended 30th September
2004 2003
Turnover Contribution to Contribution to
profit before tax Turnover profit before tax
----------------------------------------------------------
(unaudited) (unaudited) (unaudited) (unaudited)
HK$'000 HK$'000 HK$'000 HK$'000
Securities brokerage
and futures
brokerage 7,242 1,902 7,425 2,167
Securities margin
financing & money
lending 18,812 15,957 18,805 15,903
Corporate finance
advisory, placing
& underwriting 607 186 4,880 3,068
Assets management 1,164 523 1,143 171
-------------------------------------------------------
27,825 18,568 32,253 21,309
======= =======
Provision for doubtful debts (409) (8,128)
Net investment income - 2,585
Other income 80 65
Share of result of an associate (26) -
------ ---------
Profit before taxation 18,213 15,831
Taxation (2,950) (3,290)
-------- --------
Profit attributable to
shareholders 15,263 12,541
====== ========
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 2004
of approximately HK$15,263,000 (2003: HK$12,541,000) and the weighted
average number of 1,120,000,000 shares (2003: 1,120,000,000 shares) in
issue during the year.
There is no diluted earnings per share for the periods ended 30th
September 2004 and 2003 presented since the Company has no dilutive
potential ordinary shares.
|