Hong Kong, Mar 24, 2006 (ABN Newswire) - CITIC PACIFIC (HK: 00267) announced that the net profit attributable to shareholders for the year ended 2005 was HK$3,989 million, an increase of 13% compared with HK$3,534 million for the same period in 2004 (as restated). The reasons for the increase in profit are described in the full Financial Review, figures summarised below.
HK$ million
2001 2002 2003 2004 2005
2,084 3,835 1,293 3,534 3,989
Business Segments Contribution
The contribution (Note) made by major business segments in the year of 2005, compared with the year of 2004, were:
Contribution
(Restated)
HK$ million 2005 2004 2005 - 2004
Aviation 1,058 1,398 (340)
Civil Infrastructure 413 329 84
Power Generation 368 439 (71)
Communications (31) 133 (164)
Property 1,106 559 547
Special Steel Manufacturing 808 438 370
Marketing & Distribution 232 284 (52)
Fair Value change of
Investment Properties 755 181 574
Note: Please refer to Definition of Terms of the Annual Report.
CITIC Pacific's 2005 Annual Report includes a letter from the Chairman to shareholders, the annual accounts and other information required by accounting standards, legislation, and the Hong Kong Stock Exchange. The Financial Review is designed to assist the reader in understanding the statutory information by discussing the contribution of each business segment, and the financial position of the company as a whole.
The Full Financial Review Available at;
http://www.citicpacific.com/upload/en/20060324-1E.pdf
