BENEFUN INT'L<1130> - Results Announcement
Benefun International Holdings Limited announced on 10/11/2000:
(stock code: 1130)
Year end date: 30/6/2000
Currency: HK$ (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/7/1999 from 1/7/1998
to 30/6/2000 to 30/6/1999
('000) ('000)
Turnover : 95,673 113,239
Profit/(Loss) from Operations : (14,249) (28,311)
Finance cost : (3,948) (9,206)
Share of Profit/(Loss) of Associates : (194) (57)
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (19,123) (29,917)
% Change over Last Period : N/A
EPS/(LPS)-Basic : ($0.036) ($0.065)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (19,123) (29,917)
Final Dividend per Share : NIL NIL
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : NIL
Payable Date : N/A
B/C Dates for (-) General Meeting : NIL
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : NIL
Remarks:
1. Turnover
Turnover represents the aggregate of the net invoiced value of goods sold,
after allowances for goods returned, trade discounts and value added tax,
and the franchise fees received and receivable, as follows:-
2000 1999
HK$'000 HK$'000
Manufacturing, retailing and trading of apparel 91,219 109,157
Franchise fees 2,931 3,179
Others 1,523 903
------------------------
95,673 113,239
========================
2. Taxation
2000 1999
HK$'000 HK$'000
Taxation charges comprise :
Taxation outside Hong Kong 732 53
Overpaid in previous year 0 (1,421)
------------------------
732 (1,368)
Deferred taxation 0 125
------------------------
732 (1,243)
========================
3. Loss per share
The calculation of basic loss per share is based on the consolidated loss
attributable to shareholders of $19,123,000 (1999: $29,917,000) divided by
the weighted average of 526,881,000 ordinary shares (1999: 457,575,600
ordinary shares) in issue during the year. Fully diluted figures are not
shown as there is no potential dilutive effect for the year ended 30 June,
2000.
4. Comparative figures
The presentation and classification of items in the accounts have been
changed due to the adoption of the requirements of SSAP1 (revised)
"Presentation of financial statements". Comparative figures have been
reclassified to conform with the current year's presentation.
5. The discrepancy of operation loss is arised from the following :-
'000
Operation loss for the year ended 30 June, 1999 (28,311)
Finance cost (9,206)
Deficit on revaluation of properties (3,401)
Gain on disposal of a subsidiary 9,815
------------
Operation loss for the year ended 30 June, 1999
after re-classified (31,103)
=======
Due to the adoption of the requirements of SSAP1 (revised) "Presentation
of financial statements", the operation loss for the year ended 30 June,
1999 has been re-classified
For more details, please refer to the press announcement today.
|
