MAGNUM INT'L<0305> - Results Announcement
Magnum International Holdings Limited announced on 11/4/2001:
(stock code: 305)
Year end date: 31/12/2000
Currency: HK$ (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/1/2000 from 1/1/1999
to 31/12/2000 to 31/12/1999
('000) ('000)
Turnover : 33,921 27,039
Profit/(Loss) from Operations : (7,153) (47,155)
Finance cost : (11,674) (6,468)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (17,685) (50,790)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (2.88 cents) (8.26 cents)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (17,685) (50,790)
Final Dividend per Share : NIL NIL
(Specify if with other options) : - -
B/C Dates for Final Dividend : -
Payable Date : -
B/C Dates for Annual General Meeting : 22/5/2001 to 29/5/2001 bdi.
Other Distribution for Current Period : -
B/C Dates for Other Distribution : -
Remarks:
(1) Discontinued operation
As the Group had incurred substantial losses in the manufacturing
operations, the directors of the Company resolved on 21st July, 1999 that
it would be beneficial for the Group to close down its manufacturing
division and to deploy its current resources to other core businesses of
the Group. The discontinued business was accounted for up to 31st
December, 1999 at which time the abandonment process was substantially
completed.
(2) Loss per share
The diluted loss per share for the years ended 31st December 2000 and 1999
have not been shown as the share options outstanding during these years
had an anti-dilutive effect on the basic loss per share for these years.
(3) Additional information in respect of finance cost in the comparative
figures has been disclosed to conform with the current year presentation.
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