BENEFUN INT'L<1130> - Results Announcement
Benefun International Holdings Limited announced on 5/11/1999:
(stock code: 1130)
Year end date: 30/6/1999
Currency: HK$
Last
Current Corresponding
Period Period
from 1/7/1998 from 1/7/1997
to 30/6/1999 to 30/6/1998
('000) ('000)
Turnover : 113,239 426,939
Profit-Continuing Operations
- Operating Profit/(Loss) : (21,204) (42,297)
- Exceptional Items : (9,899) (97,717)
- Discontinued Operations : - -
Total Operating Profit/(Loss) : (31,103) (140,014)
Share of Profit/(Loss) of
Associated Companies : (57) -
Profit/(Loss) after Tax & MI : (29,917) (140,955)
% Change over Last Period : N/A
EPS/(LPS)-Basic : ($0.065) ($0.353)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (29,917) (140,955)
Final Dividend per Share : Nil Nil
(Specify if with other options) : Nil Nil
B/C Dates for Final Dividend : Nil
Payable Date : Nil
B/C Dates for (-) General Meeting : Nil
Other Distribution for Current Period : Nil
B/C Dates for Other Distribution : Nil
Remarks:
(1) Exceptional items:
1999 1998
HK$'000 HK$'000
Exceptional items include
Deficit on revaluation of (3,401) (4,834)
properties
Loss on disposal of a subsidiary (6,498) -
Permanent diminution in value of
fixed assets - (9,036)
Loss on disposal of fixed assets - (1,488)
Redundancy and severance
payment - (6,873)
Obsolete stock written off - (56,836)
Debtors and deposits written off - (14,619)
Leasehold improvements written off - (4,031)
----------- ---------
(9,899) (97,717)
======= ========
(2) Loss per share
The calculation of loss per share is based on the consolidated loss
attributable to shareholders of HK$29,917,000 (1998: HK$140,955,000)
divided by the weighted average of 457,575,600 ordinary shares (1998:
399,736,088 shares) in issue during the year.
Fully diluted figures are not shown as the Group incurred a loss for the
year ended 30 June, 1999 and no dilutive potential ordinary shares existed
in 1998.
For more details, please refer to the press announcement today.
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