EAGLE NICE<02368> - Results Announcement
Eagle Nice (International) Holdings Limited announced on 18/07/2006:
(stock code: 02368 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/04/2005 from 01/04/2004
to 31/03/2006 to 31/03/2005
Note ('000 ) ('000 )
Turnover : 519,310 451,446
Profit/(Loss) from Operations : 92,081 104,103
Finance cost : N/A N/A
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 77,411 94,903
% Change over Last Period : -18 %
EPS/(LPS)-Basic (in dollars) : 0.181 0.281
-Diluted (in dollars) : N/A 0.227
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 77,411 94,903
Final Dividend : $0.06 $0.06
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 18/08/2006 to 22/08/2006 bdi.
Payable Date : 30/08/2006
B/C Dates for Annual
General Meeting : 18/08/2006 to 22/08/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. CHANGES IN ACCOUNTING POLICIES
The following new and revised Hong Kong Financial Reporting Standards ("
HKFRSs") affect the Group and are adopted for the first time for the
current year's financial statements:
HKAS 1 Presentation of Financial Statements
HKAS 2 Inventories
HKAS 7 Cash Flow Statements
HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
HKAS 10 Events after the Balance Sheet Date
HKAS 12 Income Taxes
HKAS 14 Segment Reporting
HKAS 16 Property, Plant and Equipment
HKAS 17 Leases
HKAS 18 Revenue
HKAS 19 Employee Benefits
HKAS 21 The Effects of Changes in Foreign Exchange Rates
HKAS 24 Related Party Disclosures
HKAS 27 Consolidated and Separate Financial Statements
HKAS 32 Financial Instruments: Disclosure and Presentation
HKAS 33 Earnings per Share
HKAS 36 Impairment of Assets
HKAS 37 Provisions, Contingent Liabilities and Contingent Assets
HKAS 39 Financial Instruments: Recognition and Measurement
HKAS 39 (Amendment) Transition and Initial Recognition of Financial
Assets and Financial Liabilities
HKFRS 2 Share-based Payment
HK-Int 4 Leases - Determination of the Length of Lease Term in
respect of Hong Kong Land Leases
The adoption of the new and revised HKFRSs did not have significant impact
on the Group's results and financial position, except for HKAS 1, 17, 32 &
39 and HK-Int 4. Please refer to the Group's annual results announcement
(to be published in the Stock Exchange's website later) for more details
of the impact of adopting the HKFRSs. Additional or revised disclosures
were made and certain comparatives previously reported for the year ended
31 March 2005 have been restated to comply with the new requirements.
2. DIVIDENDS
2006 2005
HK$'000 HK$'000
Interim - HK6 cents (2005: HK4.5 cents) per
ordinary share based on 427,000,000
(2005: 340,000,000) shares in issue 25,620 15,300
Proposed final - HK6 cents (2005: HK6 cents)
per ordinary share based on 427,000,000
(2005: 427,000,000) shares in issue 25,620 25,620
_______ _______
51,240 40,920
======= =======
The proposed final dividend for the year is subject to the approval of the
Company's shareholders at the forthcoming annual general meeting.
3. EARNINGS PER SHARE
The calculation of basic earnings per share amounts is based on
the profit for the year attributable to ordinary equity holders of the
Company for the year of HK$77,411,000 (2005: HK$94,903,000 (restated)),
and the weighted average number of 427,000,000 ordinary shares in issue (
2005: 337,821,918 ordinary shares deemed to have been in issue) during the
year.
A diluted earnings per share amount for the year ended 31 March
2006 has not been disclosed as no dilution events existed during the year.
The calculation of diluted earnings per share amount for the year
ended 31 March 2005 is based on the profit attributable to ordinary equity
holders of the Company for that year of HK$94,903,000 (restated). The
weighted average number of ordinary shares used in the calculation was the
sum of the 337,821,918 ordinary shares in issue during that year as used
in the basic earnings per share calculation and the weighted average
number of 79,849,315 ordinary shares assumed to have been issued at no
consideration on the deemed conversion of the outstanding convertible note
since its date of issue to the date of conversion during that year.
4. COMPARATIVE FIGURES
As further explained in note 1 above, due to the adoption of new
and revised HKFRSs during the current year, the accounting treatment and
presentation of certain items and balances in the financial statements
have been revised to comply with the new requirements. Accordingly,
certain prior year adjustments have been made and certain comparative
amounts have been reclassified and restated to conform with the current
year's presentation and accounting treatment.
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