CASH FIN SER GP - Results Announcement (Final, 2004, Summary)
CASH Financial Services Group Limited announced on 18/03/2005: (stock code: 08122 )
Year end date :31/12/2004 Currency :HKD Auditors' report :Unqualified
Important Note :
This result announcement form only contains extracted information from and should be read in conjunction with the detailed results announcement of the issuer, which can be viewed on the GEM website at http://www.hkgem.com
(Audited) (Audited) Current Last Corresponding Period Period from 01/01/2004 from 01/01/2003 to 31/12/2004 to 31/12/2003 $'000 $'000
Turnover : 239,972 191,102 Profit/(Loss) from Operations : 30,439 17,114 Finance cost : (8,387) (6,056) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entites : N/A N/A Profit/(Loss) after Taxation & MI : 21,278 10,687 % Change Over the Last Period : +99.10% EPS / (LPS) Basic (in dollar) : HKD 0.033 HKD 0.04 Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 21,278 10,687 Final Dividends per Share : HK$ 0.01 NIL (specify if with other options) : N/A N/A B/C Dates for Final Dividends : 26/05/2005 to 30/05/2005 bdi. Payable Date : 03/06/2005 B/C Dates for Annual General Meeting : 26/05/2005 to 30/05/2005 bdi. Other Distribution for Current Period : NIL B/C Dates for Other Distribution : N/A (bdi: both days inclusive)
For and on behalf of CASH Financial Services Group Limited
Signature : Name : Law Ping Wah Title : Director
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof hereby collectively and individually accept full responsibility for the accuracy of the information contained in this results announcement form (the "Information") and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief the Information are accurate and complete in all material respects and not misleading and that there are no other matters the omission of which would make the Information herein inaccurate or misleading.The Directors acknowledge that the Stock Exchange has no responsibility whatsoever with regard to the Information and undertake to indemnify the Exchange against all liability incurred and all losses suffered by the Exchange in connection with or relating to the Information.
Remarks:
1. Earnings per share The calculation of basic and diluted earnings per share for the year ended 31 Decemebr 2004 together with the comparative figures for 2003 are as follows:
§ 2004 2003 HK$'000 HK$'000
§ Profit for the purpose of basic and diluted earnings per share 21,278 10,687 ============ ============
§ Weighted average number of ordinary shares for the purpose of basic earnings per share 642,409,860 270,437,481
§ Effect of dilutive potential ordinary shares assumed exercise of share options and conversion of convertible notes N/A N/A ____________ ____________
§ Weighted average number of ordinary shares for the purpose of diluted earnings per share 642,409,860 270,437,481 ============ ============
§ The weighted average number of ordinary shares for the year ended 31 December 2003 for the purposes of basic and diluted earnings per share has been adjusted for the rights issue which took effect on 17 May 2004.
§ No diluted earnings per share for both years has been presented because the exercise prices of the share options and the conversion prices of the convertible notes of the Company were higher than the average market price of the Company's shares for the respective years.
§ 2. The turnover for the year ended 31 December 2003 has been adjusted. In previous years, loss on trading of securities, options and futures were classified as one of the items in turnover. The Directors consider that it is the common practice of the industry to show the results on trading of securities, options, futures and leveraged foreign exchange contracts as other operating income or expense in the income statement in order to be more informative to the readers. Accordingly, the comparative figure of the loss on trading of securities, options, futures and leveraged foreign exchange contracts was reclassified to conform with the current year's presentation.
§ The basic earnings per share for the year ended 31 December 2003 has been adjusted for the rights issue which took effect on 17 May 2004.
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