UPBEST GROUP<00335> - Results Announcement
Upbest Group Limited announced on 12/12/2005:
(stock code: 00335 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2005 from 01/04/2004
to 30/09/2005 to 30/09/2004
Note ('000 ) ('000 )
Turnover : 32,812 27,825
Profit/(Loss) from Operations : 67,332 19,468
Finance cost : (2,827) (1,229)
Share of Profit/(Loss) of
Associates : 0 (26)
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 61,324 15,263
% Change over Last Period : +301.78 %
EPS/(LPS)-Basic (in dollars) : 0.05 0.014
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 61,324 15,263
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) Business segments
An analysis of segment information of the Group about these business for
the six months ended 30th September 2005 and 2004 is as follows:
Broking Financing
2005 2004 2005 2004
HK$'000 HK$'000 HK$'000 HK$'000
Segment revenue:
Sales to external customers 7,587 7,242 22,015 18,812
------ ------ ------- -------
Segment results 2,581 1,902 18,576 15,957
====== ====== ======= =======
Corporate Finance Asset Management
2005 2004 2005 2004
HK$'000 HK$'000 HK$'000 HK$'000
Segment revenue:
Sales to external customers 268 607 1,309 1,164
------ ----- ------- -------
Segment results (118) 186 907 523
====== ===== ======= =======
Property Investment Consolidated
2005 2004 2005 2004
HK$'000 HK$'000 HK$'000 HK$'000
Segment revenue:
Sales to external customers 1,633 - 32,812 27,825
------- ------- ------- -------
Segment results 268 - 22,214 18,568
======= =======
Gain on acquisition of subsidiaries 24,678 -
Gain on disposal of a subsidiary 18,100 -
Provision for doubtful debts (507) (409)
Bad debts written off - -
Other income 20 80
Share of results of an associate - (26)
------- -------
Profit before taxation 64,505 18,213
Taxation (3,181) (2,950)
------- --------
Profit for the period 61,324 15,263
======= ========
Attributable for:
Shareholders of the Company 61,324 15,263
Minority Interests - -
------- --------
61,324 15,263
======= ========
(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 2005
of approximately HK$61,324,000 (2004: HK$15,263,000) and the weighted
average number of 1,228,754,000 shares (2004: 1,120,000,000 shares) in
issue during the period.
There is no diluted earnings per share for the periods ended 30th
September 2005 and 2004 presented since the Company has no dilutive
potential ordinary shares.
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