Listed Company Information
 

SAM WOO<02322> - Results Announcement

Sam Woo Holdings Limited announced on  9/12/2004:
(stock code: 02322 )
Year end date: 31/3/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/4/2004      from 1/4/2003  
                                     to 30/9/2004       to 30/9/2003  
                               Note  ('000      )       ('000      )
Turnover                           : 8,210              70,802            
Profit/(Loss) from Operations      : (31,402)           17,186            
Finance cost                       : (2,808)            (3,206)           
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       : (29,084)           8,553             
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.0969)           0.0288            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (29,084)           8,553             
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 recognised during the period are as follows:

                                                    Unaudited
                                                Six months ended                
                                                30th September
                                                2004    2003
                                                HK$'000 HK$'000
        Turnover                
         Revenue from foundation works          7,098   50,833
         Rental of machinery and equipment      1,112   3,084
         Sale of machinery and equipment        -       16,885
                                                ------- -------                 
                                                8,210   70,802
                                                ======  =======
II      Profit/(Loss) from Operations
                                                    Unaudited
                                                Six months ended
                                                30th September
                                                2004    2003
                                                HK$'000 HK$'000
Operating (loss)/profit is stated 
after charging the following:           
        Cost of inventories sold                -       5,137
        Staff costs, excluding directors'
         emoluments                             9,037   15,432
        Auditors' remuneration                  80      180
        Depreciation            
         Owned fixed assets                     7,449   4,001
         Leased fixed assets                    4,521   8,365
        Operating lease rentals
 in respect of land and buildings               926     960
                                                ====    =======

III     (Loss)/earnings per share
        
The calculation of basic loss per share is based on the Group's loss 
attributable to shareholders of HK$29,084,000 (2003: profit of 
HK$8,553,000) and the weighted average number of 300,000,000 (2003: 
297,418,033) ordinary shares in issue during the period. Diluted 
loss/earnings per share is not presented as the exercise of share options 
would have no dilutive effect on loss/earnings per share for periods ended 
30th September 2004 and 30th September 2003.