| 1999 ANNUAL RESULTS ANNOUNCEMENT | ||||
| The Board of Directors of Ng Fung Hong Limited (the "Company") is pleased to announce the audited consolidated results of the Company and its subsidiaries (the "Group") for the financial year ended 31 December 1999 as follows: | ||||
| 1999 | 1998 | |||
| HK$ ' 000 | HK$ ' 000 | |||
| Turnover | 6,663,962 |
6,921,635 |
||
| Operating profit | 636,141 | 693,624 | ||
| Share of results of associated companies | 52,548 |
12,342 |
||
| Profit before taxation | 688,689 | 705,966 | ||
| Taxation (note 1) | (91,566) |
(75,773) |
||
| Profit after taxation | 597,123 | 630,193 | ||
| Minority interests | (47,393) |
(105,104) |
||
| Profit attributable to shareholders | 549,730 |
525,089 |
||
| Dividends | (188,126) |
(145,085) |
||
| Earnings per share (note 2): Basic |
HK 52.8 cents |
HK51.1 cents |
||
| Diluted | HK 52.4 cents |
HK 50.3 cents |
||
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