PCCW Year Loss HK$0.4754-Share vs Net HK$0.0999 (Table)
Hong Kong, March 28 (Bloomberg) - Pacific Century Cyberworks said it lost HK$6.907 Billion or HK$0.4754 a share, for the year ended Dec. 31, compared with earnings of HK$347 Million or HK$0.0999 a share, in the same period a year earlier. Revenue was HK$7.291 Billion, compared with HK$152 Million.
(All figures in millions, except per-share amounts)
Year Ended Percent
12/31/00 12/31/99 Change Turnover 7,291.00 152.00 4,696.71 Profit (loss) from Operations (4,679.00) 281.00 --- Finance (cost)/income, net (2,356.00) 56.00 --- Share of profit (loss) of Associates & Unconsolidated subsidiaries 727.00 (5.00) --- Net Income (loss) (6,907.00) 347.00 --- EPS (LPS) Basic (0.4754) 0.0999 --- Avg # shares for EPS 14,528.00 3,472.00 318.43 EPS (LPS) Fully Diluted na 0.0705 ---
Note1: As a result of the company's acquisition of HKT, which became effective on Aug. 17, 2000, the above consolidated income statement includes the operating results of the HKT Group for the period from Aug. 17, 2000 to Dec. 31, 2000.
Note2: (Losses)/Gains on investments, net - (2000 (HK$4,887 million), 1999: HK$574 million) Losses on investments include (i) net unrealized losses on holdings of other investments in the amount of approximately HK$1,076 million (1999: gains of HK$537 million), (ii) net realized gains from disposal of certain other investments in the amount of approximately HK$50 million (1999: net gains of HK$37 million), (iii) net gains from disposals of certain investments in subsidiaries, a jointly controlled entity and associated companies in the amount of HK$181 million (1999: nil), and (iv) the provision for other than temporary decline in value of investment securities of approximately HK$3,911 million (1999: nil).
Note3: Provisions for impairment losses - (2000: HK$312 million, 1999: nil)
-- Mark Bronsveld in Hong Kong (852)2977-6616
(Story Illustration: For a graph of Pacific Century stock price during the past year, see 8 HK GPO D. For more company news and stock information, see 8 HK CN, BQ, COMP, CH1, ERN. For more earning reports, see NI ERN. For more country news, see NI HK. For more industry news, see NI TLS.
-0- (BN ) Mar/28/2001 12:50 GMT
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