C
Chintex Oil and Gas Company Limited
ANNOUNCEMENT
The Board of Directors of Chintex Oil & Gas Company Limited is pleased to announce that the audited results for the year ended 31st March, 1988 with comparative figures for 1987 as follows:
Group
1988
HK$
1987 HK$
Turnover
1,739,757
94,192
=
Loss before taxation
(2,090,056)
(1,785,954)
Add: Extraordinary Items
22.107.910
2,125.375
20,017,854
339,421
Taxation
Profit after taxation and Extraordinary Items Dividend
20,017,854
339,421
(5,185,000) *
14,832,854
339,421
Retained Loss brought forward
( 21,369,159)
( 21,708,580)
Retained Loss carried forward
( 6,536,305)
( 21,369,159)
Earnings per share after Extraordinary Items
30.6 cents
==
0.59 cents
*
proposed final dividend for the year ended 31st March, 1988
The Directors have decided to recommend the payment of a final dividend of five cents per share in respect of the year ended 31st March, 1988.
Subject to the approval of shareholders at the Annual General Meeting to be held at Topaz Room, Holiday Inn Golden Mile, Nathan Road, Kowloon, Hong Kong on Thursday 28th July, 1988, the final dividend will be payable on or about 15th August, 1988 to shareholders whose names are on the Register of Members on 28th July, 1988.
The Register of Members will be closed from Thursday, 21st July, 1988 to Thursday, 28th July, 1988, both days inclusive, during which period no requests for transfer of shares will be accepted. In order to qualify for the above proposed dividend, all transfers accompanied by the relevant share certificates must be lodged with the Company's Registrars, Peter Chan (Secretaries) Limited at 2nd Floor, Caltex House, 258 Hennessy Road, Hong Kong not later than 4:00 p.m. on Wednes- day, 20th July, 1988.
By Order of the Board
Peter Chan (Secretaries) Limited Secretaries
Hong Kong, 20th June, 1988
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Private notes are available after approval.