UDL HOLDINGS<0620> - Results Announcement
UDL Holdings Limited announced on 26/4/2001:
(stock code: 620)
Please refer to the press announcement for the details of the auditors'
and audit committee's review report on the interim financial statement,
issued by the Company on 27/4/2001.
Year end date: 31/7/2001
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/8/2000 from 1/4/1999
to 31/1/2001 to 30/9/1999
Turnover : 32,445,000 32,752,000
Profit/(Loss) from Operations : 7,767,000 (43,451,000)
Finance cost : (5,704,000) (65,052,000)
Share of Profit/(Loss) of Associates : - (369,000)
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 2,170,000 (108,877,000)
% Change over Last Period : N/A
EPS/(LPS)-Basic : 0.4 cent (12.9 cents)
-Diluted : - -
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 2,170,000 (108,877,000)
Interim Dividend per Share : NIL NIL
(Specify if with other options) : - -
B/C Dates for Interim Dividend : -
Payable Date : -
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. The Group's profit/(loss) from operating activities is arrived at after
charging/(crediting):
Six months Six months
ended ended
31st January 30th September
2001 1999
HK$'000 HK$'000
Depreciation
Owned fixed assets 8,097 19,750
Leased fixed assets 48 23
Auditors' remuneration 328 548
Provision for doubtful receivables 816 -
(Profit)/loss on disposal of fixed
assets 1,215 (4,642)
Interest Income (5) (29)
2. Earnings/(loss) per share
The calculation of basic earnings per share for the period ended 31st
January, 2001 is based on the net profit from ordinary activities
attributable to shareholders of approximately HK$2,170,000
(1999: loss of HK$108,877,000) and the number of 504,612,390 shares (1999:
841,021,000 shares) during the period.
A diluted earnings per share for the period ended 31st January, 2001 is
not presented as there is no outstanding options exercisable as at the
balance sheet date and a diluted loss per share for the period ended 30th
September, 1999 is not shown because the share options outstanding during
the period had an anti-dilutive effect on the basic loss per share for the
period. The loss per share for the period ended 30th September 1999 has
taken into account of the consolidation of shares and rights issue.
3. Taxation
No provision has been provided for Hong Kong profits tax as the Group did
not have any assessable profits arising in Hong Kong during the period.
Taxes on profit assessable elsewhere have been calculated at the rates of
taxation prevailing in the countries in which the Group operates. Previous
year over provision for taxation has been written back in the period.
4. The financial year end date has been changed from 31st March to 31st
July.
For more details, please refer to the press announcement today.
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