Listed Company Information
 

SAM WOO<02322> - Results Announcement

Sam Woo Holdings Limited announced on 23/12/2005:
(stock code: 02322 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2005    from 01/04/2004
                                     to 30/09/2005      to 30/09/2004
                               Note  ('000      )       ('000      )
Turnover                           : 20,753             8,210             
Profit/(Loss) from Operations      : 5,425              (31,402)          
Finance cost                       : (3,204)            (2,808)           
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       : 2,571              (29,084)          
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.0086             (0.0969)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 2,571              (29,084)          
Interim Dividend                   : NIL                NIL
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim Dividend                 : N/A   
Payable Date                       : N/A
B/C Dates for (-)            
  General Meeting                  : N/A   
Other Distribution for             : N/A
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A   

Remarks:

                        
I       Turnover 

The Group is principally engaged in foundation works, leasing of machinery 
and equipment for foundation works and trading of machinery and equipment. 
Turnover and revenues recognised during the period are as follows:

                                                Unaudited
                                                Six months ended
                                                30th September
                                                2005    2004
                                                HK$'000 HK$'000
                
Turnover                
 Revenue from foundation works                  9,097   7,098
 Rental of machinery and equipment              3,507   1,112
 Sale of machinery and equipment                8,149   -
                                                ------  -------
                                                20,753  8,210
                                                ------  -------
Other revenue           
 Interest income                                437     91
                                                ------- -------
                                                437     91
                                                ======= =======         
Total revenues                                  21,190  8,301
                                                ======= =======

II      Profit/(Loss) from Operations
                                                Unaudited
                                                Six months ended
                                                30th September
                                                2005    2004
                                                HK$'000 HK$'000
Operating profit/(loss) is stated after
 charging:              
                
Cost of inventories sold                        3,236   -
Staff costs, excluding directors' emoluments    6,491   9,037
Auditors' remuneration                          100     80
Depreciation            
Owned fixed assets                              8,755   8,319
Leased fixed assets                             2,359   3,651
Operating lease rentals in respect of land
 and buildings                                  1,723   926
                                                ======= =======
and after crediting:            
                
Bad debt recovered                              15,000  -
                                                ======= =======

III     Earnings/(loss) per share
        
The calculation of basic earnings/(loss) per share is based on the Group's 
profit attributable to equity holders of the Company of HK$2,571,000 (
2004: loss of HK$29,084,000) and the number of 300,000,000 (2004: 300,000
,000) ordinary shares in issue during the period.  Diluted earnings/(loss) 
per share is not presented as the exercise of share options would have no 
dilutive effect on earnings/(loss) per share for periods ended 30th 
September 2005 and 30th September 2004.