UDL HOLDINGS<00620> - Results Announcement (Summary)
UDL Holdings Limited announced on 29/11/2002:
(stock code: 620)
Year end date: 31/7/2002
Currency: HK Dollar
Auditors' Report: Qualified
Review of Interim Report by: N/A
(Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/8/2001 from 1/8/2000
to 31/7/2002 to 31/7/2001
('000) ('000)
Turnover : 31,173 100,110
Profit/(Loss) from Operations : (64,588) 17,211
Finance cost : (13,809) (13,574)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (75,973) 4,372
% Change over Last Period : N/A
EPS/(LPS)-Basic : ($0.13) $0.01
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (75,973) 4,372
Final Dividend per Share : NIL NIL
(Specify if with other options) : - -
B/C Dates for Final Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
(1) Significant Items Before Taxation
Include:
2002 2001
HK$'000 HK$'000
Recovery of legal cost 4,560 -
Net rental income from the
sub-letting of properties - 1,298
Provision for bad and doubtful debts 21,946 16,599
Provision for diminution in value of
vessels 25,759 590
(Reversal)/Provision for claim for repair
and maintenance of vessels (4,958) 4,900
=============================
(2) Taxation
2002 2001
HK$'000 HK$'000
Company and its subsidiaries:
Hong Kong profits tax
Over provision in prior years - (86)
Overseas tax
Provision for the year - -
Deferred tax
Company and subsidiaries (2,424) (631)
------- -------
(2,424) (717)
===== =====
No Hong Kong profits tax has been provided in the financial
statements as the group did not derive any assessable profit
for the year (2001: NIL).
Overseas tax was provided in accordance with the
legislation and tax rates prevailing in the respective
overseas countries.
(3) (Loss) / Earnings Per Share
The calculation of basic loss per share for 2002 is based on
the loss attributable to shareholders of HK$75,973,000
(2001: profit of HK$4,372,000) and the adjusted weighted average
number of 605,534,868 ordinary shares (2001: 525,626,385
ordinary shares) in issue during the year.
Diluted earnings per share for the years ended 31 July 2002
and 31 July 2001 has not been shown as there were no share options
outstanding at the year end date.
For more details, please refer to the press announcement today.
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