ITC CORPORATION<00372> - Results Announcement (Summary)
ITC Corporation Limited announced on 18/12/2002:
(stock code: 00372 )
Year end date: 31/03/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Both Audit Committee and Auditors
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2002 from 01/04/2001
to 30/09/2002 to 30/09/2001
Note ('000 ) ('000 )
Turnover : 13,725 23,535
Profit/(Loss) from Operations : (3,516) 12,676
Finance cost : (17,461) (28,207)
Share of Profit/(Loss) of
Associates : (67,767) 16,635
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (99,206) (6,957)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.172) (0.028)
-Diluted (in dollars) : (0.173) (0.029)
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (99,206) (6,957)
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. (Loss)/Profit from Operations
(Loss)/profit from operations has been arrived at after the following
items: -
Six months ended Six months ended
30/09/02 30/09/01
HK$'000 HK$'000
Continuing operations
Turnover 13,725 23,535
Other operating income 21,100 1,756
Operating expenses (22,104) (16,358)
Gain on disposal of other
investments 617 -
Impairment loss recognised on
investment securities (16,813) -
Unrealised (loss) gain on
valuation of other
investments (41) 1,621
Gain arising from dilution of
interests in associates - 2,122
-------- --------
(Loss)/profit from operations (3,516) 12,676
======= ======
2. Loss Per Share
The calculation of the basic and diluted loss per share for the period is
based on the following data:
Six months ended Six months ended
30/09/02 30/09/01
HK$'000 HK$'000
Loss for the period (99,206) (6,957)
Dividend for preference shares (9,245) (9,245)
-------- -------
Loss for the purposes of basic
loss per share (108,451) (16,202)
Effect of dilutive potential
ordinary shares:
Adjustment to the share of
results of associates based on
dilution of their earnings per
share (883) (967)
--------- --------
Loss for the purposes of diluted
loss per share (109,334) (17,169)
========= ========
Number of shares:
Weighted average number of ordinary
shares for the purposes of basic
loss per share and diluted
loss per share 630,960,774 584,485,364
=========== ===========
The convertible notes and share options are anti-dilutive as the exercise
of these convertible notes and share options would result in a decrease in
loss per share for both periods.
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