1996 - 97 INTERIM REPORT
The unaudited results of the Group for the half year ended 31st December, 1996 were as follows:-
Notes :
(1) Hong Kong profits tax is provided at the rate of 16.5% (1995: 16.5%) based on the estimated assessable profits for the period.
(2) The calculation of earnings per share is based on the Group's profit after taxation and minority interests for the six-month period ended 31st December, 1996 of HK$6,248 million (1995: HK$5,149 million) and on 2,389.5 million shares (1995: 2,324.5 million shares) in issue during the period.
Notes :
(1) Investment properties included in non-current assets are stated at market values as at 30th June, 1996 and 30th June, 1995 respectively. Revaluation of investment property is only carried out annually at the financial year end.
(2) Certain comparative figures have been reclassified to conform with current period's presentation.
Purchase, Sale or Redemption of Shares
The Company has not redeemed any of its ordinary shares during the half year ended 31st December, 1996. Neither the Company nor any of its subsidiaries has purchased or sold any of the Company's ordinary shares during this period.
Interim Dividend
The Directors of the Company announced an Interim Dividend of 70 cents per HK$0.50 ordinary share payable on 18th April, 1997 to shareholders on the Register of Members as at 18th April, 1997.
The Register of Members will be closed from 11th April, 1997 to 18th April, 1997, both days inclusive. In order to qualify for the above dividend, all transfer forms accompanied by the relevant share certificates must be lodged with the Central Registration Hong Kong Limited, Hopewell Centre, 17th floor, 183 Queen's Road East, Hong Kong, the Company's Registrars, for registration not later than 4:00 p.m. on 10th April, 1997.
By Order of the Board
CLEMENT C.C. LO
Secretary
Hong Kong, 20th March, 1997
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