| SUMMARY
The directors ("Directors") of Yue Yuen Industrial (Holdings) Limited ("Yue Yuen") announce the unaudited consolidated results of Yue Yuen and its subsidiaries (the "Group") for the nine months ended 30th June, 2000. This announcement is made as part of Yue Yuen's current practice to publish its quarterly financial results. The unaudited profit attributable to shareholders of Yue Yuen for the nine months ended 30th June, 2000 was approximately US$165 million. |
The Directors of Yue Yuen are making this announcement of the Group's unaudited consolidated results for the nine months ended 30th June, 2000 in line with its current practice to publish the Group's quarterly financial results.
Unaudited Consolidated Results
For the nine months ended 30th June, 2000
Nine months ended
30th June, 2000 30th June, 1999
Unaudited Unaudited
US$'000* US$'000*
Turnover 1,263,656 1,123,649
Cost of Sales (929,403) (814,904)
--------- ---------
Gross Profit 334,253 308,745
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Operating Profit 160,622 150,473
Share of Results of Associated Companies 5,094 -
Share of Results of Jointly Controlled Entities 1,718 2,652
--------- ---------
Profit from Ordinary Activities before Taxation 167,434 153,125
Taxation (2,476) (4,544)
--------- ---------
Profit before Minority Interests 164,958 148,581
Minority Interests 61 (459)
--------- ---------
Profit Attributable to Shareholders 165,019 148,122
========= =========
* The reporting currency of the Group is United States Dollars
By the Order of the Board
Tsai Chi Neng
Chairman
Hong Kong, 12th October, 2000
web site: www.yueyuen.com
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