1998 1997
Note HKS'000 HK$'000
=========================================================================
Turnover 2 5,510,365 4,862,601
========= =========
Operating profit 3 678,581 554,610
Share of losses of associated company - (3)
Share of losses of jointly controlled
entity (52) (39)
--------- ---------
Profit before taxation 678,629 554,568
Taxation 6(a) (92,754) (3,985)
--------- ---------
Profit after taxation 585,875 550,583
Transfer from development fund 19 - 224
Minority interests (425) (9)
--------- ---------
Profit attributable to shareholders 7 585,450 550,798
Appropriations:
Dividends 8 (464,186) (435,930)
--------- ---------
Retained profit for the year 17 121,264 114,868
Retained profits at 1 January 1,285,875 1,171,007
--------- ---------
Retained profits at 31 December 17 1,407,139 1,285,875
========= =========
Earnings per share 9 $1.45 $1.36
========= =========
Profit for the year is retained as follows:
By the Company and its subsidiaries 121,316 114,910
By associated company - (3)
By jointly controlled entity (52) (39)
--------- ---------
121,264 114,868
========= =========
=========================================================================
The notes on pages 65 to 80 form part of these accounts.
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