China Resources Development Q4 net rises
Reuters Story - April 01, 1997 07:10
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NEW YORK, April 1 (Reuter) -
CHINA RESOURCES DEVELOPMENT INC AND SUBSIDIARIES
Condensed Consolidated Income Statement
(Unaudited)
(Amounts in thousands, except per share data)
---------Q4----------- ---------Year----------
1996 1995 1996 1996 1995 1996
RMB RMB US$(a) RMB RMB US$(b)
Net sales
544,992 649,743 65,662 1,827,499 1,957,243 220,181
Net income
7,085 5,933 854 35,823 19,175 4,316
Earnings per share(b)
1.93 4.81 0.23 9.76 15.55 1.18
Wtd avg shrs o/s (b)
3,670 1,233 3,670 3,670 1,233 3,670
NOTES: (a) Based on an exchange rate of U.S. $1.00=Rmb8.30
on December 31, 1996. Amounts have been converted from
Renminbi to U.S. dollars for convenience, and no
representation is made that RMB amounts could have been, or
could be, converted into U.S. dollars at the stated rate or
any other rate.
(b) Adjusted for one-for-10 reverse split of common stock
that was effective December 31, 1996, and implemented on
January 16, 1997.
The above results are preliminary and unaudited. China
Resources has applied for an extension with the SEC and plans
to file its 1996 Form 10-K report on or before April 15, 1997. |
