| Announcement of Final Results for the year ended 31 March 2009 |
|
2008-09 had turned out to be an exciting yet challenging year. The meltdown of the financial industry and the deteriorating global market conditions that began in late 2008 had impacted the business negatively. During the year under review, the Group recorded a turnover of HK$435,817,000 of which HK$207,145,000 was from the continuing operations and a 12% decline when compared to the last corresponding year. The overall gross profit margin improved slightly to 23%. During the period, the Group managed to record a net profit after tax of HK$153,060,000 which was largely attributed to the extraordinary gain from the disposal of the discontinued operations. Excluding the effect of disposal and the discontinued operation as well as change in fair value of investment properties, the Group recorded a net loss of HK$12,991,000 from continuing operations. During the year under review, the Group had begun to craft a new corporate strategy and fine tune its investment to capture potential new business opportunities. This new corporate strategy had resulted in the divestiture of the wholesale IDD and overseas calling cards business, which signalled the beginning of a restructuring effort in which the Group began to align its strategy focusing on the fast growing China market. The divestiture was completed at the end of September 2008 and as a result, the Group had made an extraordinary net gain of approximately HK$212,932,000 during the review year. The net gain on disposal provided the Group with the necessary capital and resources to accelerate the development and deployment of the new strategic plan. The Board has recommended the payment of a final dividend of 0.71 HK cents (2008: HK$Nil) per ordinary share for the year ended 31 March 2009. For details, please refer to the announcement published under the section of Investor Relations. For media enquiries, please contact: China Motion Telecom International Limited Cigi Kwok Tel : (852) 2209-2873 Fax : (852) 2209-1873 Email : cigi.kwok@chinamotion.com Address: Room 2604-08, 26/F., Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong |
| [Close] |