RCW BY: XEROX TELECOPIER 7010;25- 7-88 9:09AM :
FROM HUTCHISON WHAMPOA
Turnover
HUTCHISON WHAMPOA LIMITED
UNAUDITED CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE SIX MONTHS ENDED 30TH JUNE, 1988
Six Months Ended
30th June
Year Ended 31st December
1 9 8 8
HK$ Millions
1 9 8 7 HK$ Millions
1 9 8 7
HK$ Millions
5,924
5,672
10,524
Operating profit
1,127
975
1,708
Share of profits less losses of
associated companies
310
263
844
Profit before taxation
1,437
1,238
2,552
Taxation
Hong Kong
191
177
360
Overseas
35
30
96
Profit after taxation
1,211
1,031
2,096
Minority interests
290
175
278
PROFIT BEFORE EXTRAORDINARY ITEMS
921
856
1,818
Extraordinary items less taxation
and minority interests
603
520
764
PROFIT ATTRIBUTABLE TO THE
SHAREHOLDERS
Preference dividends
1,524
1,376
2,582
21
37
PROFIT ATTRIBUTABLE TO THE
ORDINARY SHAREHOLDERS
1,524
1,355
2,545
Ordinary dividends
393
294
1,022
PROFIT FOR THE PERIOD RETAINED
1,131
1,061
1,523
EARNINGS PER SHARE
Before extraordinary items
HK$0.30
HK$0.30
HK$0.64
=======
After extraordinary items
HK$0.50
HK$0.49
HK$0.91
==
*
The 1987 comparative figures have been restated to reflect the adoption of the accounting for deferred profits tax as required effective 1st January, 1988 by The Hong Kong Society of Accountants' Statement of Standard Accounting Practice.
** Earnings per share for the six months ended 30th June, 1987 has been adjusted
for rights issue.
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