CAPITAL ESTATE<00193> - Results Announcement
Capital Estate Limited announced on 18/11/2005:
(stock code: 00193 )
Year end date: 31/07/2005
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/08/2004 from 01/08/2003
to 31/07/2005 to 31/07/2004
Note ('000 ) ('000 )
Turnover : 25,713 22,622
Profit/(Loss) from Operations : 6,888 (1,507)
Finance cost : (535) (577)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 5,902 (2,861)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : 0.1484 (0.1130)
-Diluted (in dollars) : 0.1408 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 5,902 (2,861)
Final Dividend : Nil Nil
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : N/A
Payable Date : N/A
B/C Dates for Annual
General Meeting : 15/12/2005 to 20/12/2005 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. TURNOVER, BUSINESS AND GEOGRAPHICAL SEGMENTS
Turnover and business segments
An analysis of the Group's turnover and contribution to operating results
by business segments is as follows:
Continuing operations
-------------------------------------------------------
Property Financial Property Estate Consolidated
rental investment sale agency
HK$'000 HK$'000 HK$'000 HK$'000 HK$'000
INCOME STATEMENT
For the year ended 31 July 2005
Turnover
External sales
472 10,251 10,050 4,940 25,713
================================================================
Segment Result
6,387 1,421 (786) 862 7,884
======================================================
Unallocated corporate income 105
Unallocated corporate expenses (1,101)
--------
Profit from operations 6,888
========
Continuing operations Discontinuing
operations
-------------------------------------------------------
Sale of
Property Financial Property Estate silk
rental investment sale agency products Consolidated
HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000
INCOME STATEMENT
For the year ended 31 July 2004
Turnover
External sales
767 7,645 4,380 1,981 7,849 22,622
==============================================================
Segment Result
(1,563) 749 3,747 380 (498) 2,815
===================================================
Unallocated corporate income 106
Unallocated corporate expenses (4,428)
--------
Loss from operations (1,507)
========
Geographical segments
Segment information about geographic markets is presented below:
Turnover by Loss
geographical market from operation
2005 2004 2005 2004
HK$'000 HK$'000 HK$'000 HK$'000
Hong Kong 25,713 22,615 9,912 (1,125)
The People's Republic of China
- 7 - -
Japan - - (2,028) 3,940
--------------------------------------------------------
25,713 22,622 7,884 2,815
=======================
Unallocated corporate income 105 106
Unallocated corporate expenses (1,101) (4,428)
------------------------
Profit (loss) from operations 6,888 (1,507)
========================
2. EARNINGS (LOSS) PER SHARE
The calculation of basic and diluted earnings (loss) per share is based on
the following data:
2005 2004
HK$'000 HK$'000
Earnings:
Net profit (loss) for the year and earnings (loss) for the
purpose of basic earnings (loss) per share
5,902 (2,861)
=========
Effect of dilutive potential ordinary shares in respect of
convertible notes 135
------
Earnings for the purpose of diluted earnings per share
6,037
======
2005 2004
Number of shares:
Weighted average number of ordinary shares for the
purposes of basic earnings (loss) per share
39,763,137 25,310,489
===========
Effect of dilutive potential ordinary shares in respect of
convertible notes 3,121,261
-----------
Weighted average number of ordinary shares for the
purposes of diluted earnings per share
42,884,398
===========
The weighted average number of ordinary shares for both years for the
purpose of basic and diluted earnings (loss) per share has been adjusted
for the share consolidation on 29 September 2005 whereby every 100 issued
and unissued shares of HK$0.01 each in the share capital of the Company
were consolidated into one new ordinary share of HK$1.00 each.
The computation of diluted earnings per share does not assume the exercise
of the Company's outstanding share options as the exercise price of those
options is higher than the average market price of shares during the year
ended 31 July 2005.
No diluted loss per share for the year ended 31 July 2004 had been
presented as the exercise price of the Company's options was higher than
the average market price of shares during the year and the conversion of
the Company's outstanding convertible notes would result in a decrease in
net loss per share.
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