CHINA RESOURCES<00291> - Results Announcement
China Resources Enterprise, Limited announced on 7/4/2004:
(stock code: 00291 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 1/1/2003 from 1/1/2002
to 31/12/2003 to 31/12/2002
Note ('000 ) ('000 )
Turnover : 34,655,172 28,822,019
Profit/(Loss) from Operations : 1,536,904 1,806,598
Finance cost : (225,461) (312,246)
Share of Profit/(Loss) of
Associates : 484,686 449,930
Share of Profit/(Loss) of
Jointly Controlled Entities : 184,938 N/A
Profit/(Loss) after Tax & MI : 1,455,177 1,404,933
% Change over Last Period : +3.58 %
EPS/(LPS)-Basic (in dollars) : 0.7 0.68
-Diluted (in dollars) : 0.69 0.67
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 1,455,177 1,404,933
Final Dividend : $0.14 $0.13
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 27/5/2004 to 2/6/2004 bdi.
Payable Date : 15/6/2004
B/C Dates for Annual
General Meeting : 27/5/2004 to 2/6/2004 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Earnings per share
The calculation of the basic and diluted earnings per share is based on
the following data:
2003 2002
HK$'000 HK$'000
Earnings
Profit attributable to shareholders for the
purpose of calculating basic earnings
per share 1,455,177 1,404,933
Interest saving on exercise of convertible bonds
70,484 69,561
---------- -----------
Profit attributable to shareholders for the purpose
of calculating diluted earnings per share 1,525,661 1,474,494
=========== ===========
2003 2002
Number of shares
Weighted average number of ordinary shares for
the purpose of calculating basic earnings per share
2,082,171,453 2,070,867,429
Effect of dilutive potential ordinary shares:
- Share options 12,896,662 12,236,759
- Convertible bonds 119,595,400 119,595,400
------------ -------------
Weighted average number of ordinary shares for
the purpose of calculating diluted earnings per share
2,214,663,515 2,202,699,588
============= ===============
2. Due to adoption of certain new and revised SSAPs, last year's
comparative figures have been restated to conform with the current year's
presentation.
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