The Group's Results for 1987 would have been worse had it not been for a large reduction in Depreciation Expenses, from $HK5.37 million in 1986 to $HK878,190 in 1987.
The following table illustrates the Group's decline in Turnover and Profits since Panin Holdings was listed in 1982:
Year
Turnover
($HK,000)
Profit/Loss ($HK,000)
Earnings
Per Share
Return On
Shareholders' Funds
(cents)
(Percent)
1987
177,952
(8,686)
(3.57)
(3.61)
1986
175,392
(26,231)
(10.99)
(10.97)
1985
186,262
(8,016)
(3.30)
(2.82)
1984
231,805
1,376
0.57
0.47
1983
263,562
6,678
2.74
2.30
1982
266,732
21,588
9.92
7.53
The following is a table which gives a breakdown of the Group's Turnover for the 1987 Financial Year, ended December 31, 1987:
Turnover
Percentage
1987
1986
Change
($HK,000)
Banking and finance
7,919
66,640
(88.12)
Property investment
13,340
1,950
584.10
Trading
109,690
72,647
50.99
Insurance
46,752
34,079
37.19
Financial agent,
236
71
232.39
investment service
Investment holding
and others
12
4
200.00
177,952
175,319
1.50
-
4
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