CAPITAL STRAT<00497> - Results Announcement (Summary)
Capital Strategic Investment Limited announced on 18/12/2003:
(stock code: 00497 )
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 : 238,124 259,101
Profit/(Loss) from Operations : 27,453 25,817
Finance cost : (953) (333)
Share of Profit/(Loss) of
Associates : (9,134) N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Net gain on disposal on interest in
subsidiaries : - 2,150
Profit/(Loss) after Tax & MI : 16,522 27,539
% Change over Last Period : -40 %
EPS/(LPS)-Basic (in dollars) : 0.011 0.021
-Diluted (in dollars) : N/A 0.021
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 16,522 27,539
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. Comparative figures
Due to the reclassification of gain on disposal of investment in
securities of HK$47,746,000 (Turnover of HK$85,974,000, net cost of sales
of HK$38,228,000), the turnover reported in last corresponding period was
changed from HK$173,127,000 to HK$259,101,000 and the loss from operations
reported in last corresponding period was changed from HK$21,929,000 to
profit from operations of HK$25,817,000.
2. SEGMENTAL INFORMATION
By business segments
An analysis of the Group's turnover and contribution to operating results
by business segments is as follows:
Property Securities
Estate agency investment investment Consolidated
HK$'000 HK$'000 HK$'000 HK$'000
For the period ended 30th September, 2003
TURNOVER
External
Sales 1,340 5,286 231,498 238,124
====== ====== ======== ========
RESULT
Segment
result 468 1,476 24,537 26,481
====== ======= ========= ========
Unallocated corporate expenses (2,708)
Interest income 2,728
Dividend income 952
--------
Profit from operations 27,453
========
Property Securities
Estate agency investment investment Consolidated
HK$'000 HK$'000 HK$'000 HK$'000
For the period ended 30th September, 2002
TURNOVER
External
Sales 428 1,254 257,419 259,101
==== ====== ======== ========
RESULT
Segment
result 236 428 30,501 31,165
===== ======= ======== ========
Unallocated corporate expenses (974)
Impairment loss recognized
in respect of goodwill
of subsidiaries (8,491)
Interest income 3,839
Dividend income 278
---------
Profit from operations 25,817
=========
Over 90% of the Group's turnover and profit from operations were derived
from Hong Kong, and no geographical segments are presented.
3. EARNINGS PER SHARE
The calculation of the basic and diluted earnings per share is based on
the following data:
Six months ended
30th September,
2003 2002
HK$'000 HK$'000
Earnings for the purpose of calculating basic and diluted earnings per
share:
Net profit for the period 16,522 27,539
======= =======
Weighted average number of ordinary
shares for the purpose of calculating
basic earnings per share
(in thousands) 1,533,792 1,283,792
=========
Effect of dilutive potential
ordinary shares (in thousands):
Share options 13,812
-----------
Weighted average number of ordinary
shares for the purpose of calculating
diluted earnings per share (in thousands) 1,297,604
===========
No diluted earnings per share for the period ended 30th September, 2003
has been presented as the exercise price of the share options was greater
than the average market price of the Company's shares during the period.
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