TNAG-1715-FCO40-2395-Hong-Kong-leading-personality-Sir-Yue-Kong-Pao--businessman-1988 — Page 10

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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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