OXFORD PROPERTIES & FINANCE LIMITED

ANNOUNCEMENT

The Board of Directors announced the results of the Group for the year ended 31st January, 1988:

Group operating profit

1988

HK$'000 11,505

1987

HK$'000

13,206

Share of profits less losses of associated companies Group profit before taxation

251

300

11,756

13,506

Taxation

3,770

(3,324)

15,526

10,182

Minority interests

542

(714)

Group profit before extraordinary items

Extraordinary items

Profit attributable to shareholders

Earnings per share

- before extraordinary items

after extraordinary items

16,068

9,468

1,271

1.148

17,339

10,616

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24 cents

- == ==

26 cents

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The Board of Directors does not recommend the payment of a dividend for the year.

14 cents

16 cents

The Register of Members will be closed from Friday 15th July, 1988 to Tuesday 26th July, 1988 both days inclusive, during which period no share transfer will be effected.

Shareholders wishing to transfer their shares are requested to lodge their share certificates with the Share Registrars of the Company, Sums Limited, at 1601 Wing On Centre, 111 Connaught Road Central, Hong Kong before 4:00 p.m. on Thursday 14th July, 1988.

By order of the Board Sums Limited

Secretary

Hong Kong, 23rd June, 1988

OXFORD PROPERTIES & FINANCE LIMITED

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Annual General Meeting of the Company will be held at Victoria Ball Room 3, Hotel Victoria, Hong Kong, on Tuesday, 26th July, 1988 at 9:00 a.m. for the following purposes:

(1) To receive and adopt the Audited Financial Statements and the Reports of the Directors and Auditors for the

year ended 31st January, 1988.

(2)

To elect directors and fix their remuneration.

(3)

(4)

To appoint auditors and to authorise the directors to fix their remuneration. Any other business.

By order of the Board

Sums Limited

Secretary

Hong Kong, 23rd June, 1988

Notes:

1.

2.

The Register of Members will be closed from Friday 15th July, 1988 to Tuesday 26th July, 1988 both days inclusive, during which period no transfer shall take place.

A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote on his behalf. A proxy need not be a member of the Company. All proxies must be lodged with the Company's registered office at 1601 Wing On Centre, 111 Connaught Road Central, Hong Kong, not less than 48 hours before the time fixed for the meeting.

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