ITC CORPORATION<00372> - Results Announcement (Summary)
ITC Corporation Limited announced on 17/12/2001:
(stock codes: Ord:372 & Pref:206)
Year end date: 31/3/2002
Currency: HK$ (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/4/2001 from 1/4/2000
to 30/9/2001 to 30/9/2000
('000) ('000)
Turnover : 23,535 31,299
Profit/(Loss) from Operations : 12,676 (21,857)
Finance cost : (28,207) (36,978)
Share of Profit/(Loss) of Associates : 16,635 (24,488)
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (6,957) (88,681)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (2.8 cents) (18.6 cents)
-Diluted : (2.9 cents) (19.2 cents)
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (6,957) (88,681)
Interim Dividend per Share : Nil Nil
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
1. Profit/(Loss) from Operations
Profit/(loss) from operations has been arrived at after the following
items: -
Six months Six months
Ended Ended
30/09/01 30/09/00
HK$'000 HK$'000
Continuing operations
Turnover 23,535 31,299
Other revenue 1,756 -
Operating expenses (16,358) (20,694)
Loss on disposal of investments
in securities - (5,409)
Unrealised gain (loss) on
valuation of other investments 1,621 (9)
Gain on disposal of subsidiaries - 12
Gain (loss) arising from dilution
of interest in and disposal of
associates 2,122 (12,415)
Goodwill eliminated on cessation
of business of an associate - (14,641)
-----------------------
12,676 (21,857)
=======================
2. Loss Per Share
The calculation of the basic and diluted (loss) earnings per share for the
year is based on the following data:
Six months Six months
Ended Ended
30/09/01 30/09/00
HK$'000 HK$'000
Loss for the period (6,957) (88,681)
Dividend for preference shares (9,245) (9,245)
------------------------
Loss for the purposes of basic
loss per share (16,202) (97,926)
Effect of dilutive potential
ordinary shares:
Adjustment to the share of
results of associates based
on dilution of their
earnings per share (967) (2,883)
-----------------------
Loss for the purposes of diluted
loss per share (17,169) (100,809)
==========================
Number of shares:
Weighted average number of ordinary
shares for the purposes of basic
loss per share and diluted loss
per share 584,485,364 525,960,774
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