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Article: GLOBAL CHINA GROUP HOLDINGS BOOKS FY PROFIT OF US$20.76 MLN.
- Article from:
- AsiaPulse News
- Article date:
- April 25, 2003
CopyrightCOPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HONG KONG, April 25 Asia Pulse - For the twelve months to December 31, 2002, Global China Group Holdings Limited (SEHK:1105) booked a net profit attributable to shareholders of HK$162 million (US$20.76 million).
The board of directors has recommended a distribution of HK$ 0.01 per share, subject to the approval of shareholders at a special general meeting of the company.
Global China also generated an exceptional gain of HK$328.1 million from the disposal of its commercial printing operations, the disposal of its 74.5 per cent interest in Sing Tao Holdings Limited and the write back of provision for a guaranteed liability.
Global China's ...