CHINA RESOURCES<0291> - Results Announcement
China Resources Enterprise, Limited announced on 17/9/1999:
(stock code: 291)
Year end date: 31/12/1999
Currency: HK$
Last
Current Corresponding
Period Period
from 1/1/1999 from 1/1/1998
to 30/6/1999 to 30/6/1998
('000) ('000)
Turnover/Interest Income : 7,122,649 3,233,626
Profit-Continuing Operations
- Operating Profit/(Loss) : 1,614,269 1,106,641
- Exceptional Items : - (45,342)
- Discontinued Operations : - -
Total Operating Profit/(Loss) : 1,614,269 1,061,299
Share of Profit/(Loss) of
Associated Companies : 247,721 317,304
Profit/(Loss) after Tax & MI : 963,106 908,493
% Change over Last Period : +6.01%
EPS/(LPS)-Basic : $0.56 $0.58
-Diluted : $0.55 $0.58
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 963,106 908,493
Interim Dividend per Share : $0.06 $0.06
(Specify if with other options) : - -
B/C Dates for Interim Dividend : 11/10/1999 to 15/10/1999 bdi.
Payable Date : on or about 1/11/1999
B/C Dates for (-) General Meeting : -
Other Distribution for Current Period : -
B/C Dates for Other Distribution : -
Remarks :
1. Exceptional items
Exceptional items for the six months ended 30th June 1998 represent
doubtful debt provision of HK$315,357,000 and profit on deemed disposal of
long term investment of HK$270,015,000.
2. Earnings per share
Six months ended 30th June
1999 1998
HK$'000 HK$'000
The calculation of the basic and diluted
earnings per share is based on the
following data :
Earnings
Net profit attributable to shareholders
for the purpose of basic earnings
per share 963,106 908,493
Interest saving on exercise of convertible
bonds - -
Effect due to dilutive potential ordinary
shares of an associated company (1,677) (1,087)
------------------------
Net profit attributable to shareholders for
purpose of diluted earnings per share 961,429 907,406
========================
Six months ended 30th June
1999 1998
Number of Shares
Weighted average number of ordinary share for
the purposes of basic earnings per share 1,733,290,205 1,552,994,724
Effect of dilutive potential ordinary shares
- Share options 8,317,995 9,221,046
- Convertible bonds - 24,055
-----------------------------
Weighted average number of ordinary shares
the purpose of dilutive earnings
per share 1,741,608,200 1,562,239,825
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