| At RoadShow Holdings' (0888) Annual
General Meeting held today (Wednesday, 11 May 2005), RoadShow
Holdings' Chairman, Mr. John C C Chan, reported the financial
results for 2004. For the year ended 31 December 2004, the
Group reported total operating revenue of HK$243.4 million,
representing a 24% increase over the previous year. Compared
to a loss attributable to shareholders in the amount of HK$37.0
million in 2003, the Group recorded a profit attributable
to shareholders in the amount of HK$20.1 million in 2004.
The Directors recommend the payment of a final dividend of
HK1.4 cents per share for the year ended 31 December 2004.
This represents a pay-out ratio of about 69% of the 2004 profit.
In 2003 there was no final dividend.
Mr. John C C Chan said, "In Hong Kong, economic growth
and positive market sentiment will increase our advertising
revenue. Economic forecasts indicate that the growth Hong
Kong experienced in 2004 will continue in 2005, bolstered
by a strong influx of tourists from the Mainland encouraged
by relaxed travel and currency restrictions. The opening
of Disneyland in 2005 will lend further stimulus to our
tourist industry."
"The Group's China Mainland operation will continue
to be an important factor in our operating revenue and profitability.
The new Guangzhou International Airport and the expansion
of the Guangzhou Metro Rapid Transit System will also fuel
the growth of the outdoor advertising market and media sales
business. Furthermore, the 2008 Olympic Games in Beijing,
the 2010 World Expo in Shanghai and the 2010 Asian Games
in Guangzhou should benefit our Mainland business in those
markets going forward."
Mr. Chan added, " We plan to expand the media sales
business on the Mainland in a prudent and focused manner.
We will pursue a business development prospect only when
it has been shown that the investment will provide a reasonable
return. Within this guiding principle, we will explore investment
opportunities that complement RoadShow's existing outdoor
and electronic media sales businesses."
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