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GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

Date: 2006-09-06
View Count: 30

GZI Transport Limited ("GZI Transport" or the "Group") [HKSE: 1052] today announces its unaudited interim results for the six months ended 30 June 2006 .

 

In the first half of 2006, the Group was mainly benefited from the rapid economic development in the Pearl River Delta Region. The average daily toll traffic volume and average daily toll revenue of the majority expressway and bridge projects of the Group in the first half of 2006 had recorded a higher growth rate.

 

In the first half of 2006, the Group recorded a 17.9 per cent increase in profit attributable to shareholders of HK$198.8 million as compared with the same period in 2004. Basic earnings per share was 17.8 cents . Return on shareholders’ funds had also increased from 4.8 per cent in the first half of 2005 to 5.1 per cent. The Board of Directors of GZI Transport has resolved to declare an interim dividend for 2006 of 6.5 cents per share.

 

According to the preliminary statistic figures of GDSTATS.GOV.CN and GZSTATS. GOV. CN, the GDP of Guangdong Province and Guangzhou City in the first half of 2006 grew by 14.4 per cent and 14.2 per cent respectively over the first half of 2005. The per capita personal income of residents in the urban area of Guangzhou in the first half 2006 increased by 10.2 per cent to Rmb10, 491.5 over the first half of 2005. The tourist and cargo turnovers handled by Guangzhou City in the first half of 2006 increased by 13.2 per cent and 14.0 per cent respectively over same period in 2005.

 

Owing to Guangdong Province’s expressway network gradually maturing; business and commercial activities growing active; car ownership rate pre person continue to rise as well as quality level of the life enhanced which stimulate outbound travel to increase and drive up passenger and freight forwarding volume to grow rapidly. The Group will capitalize on its own predominance, strengthen the toll management of its existing operating projects, improve and enhance service quality level; vigorously control and cut down its operating cost; strict monitoring of Qinglian Class I Highway redevelopment project and GWSR Expressway’s expenditure budget.

 

At the same time, the Group’s profit earning capability; and to further promote the Group’s status in the toll business industry with the aim of securing better return to our shareholders and the investors.

 

About GZI Transport Limited

 

The Group is principally engaged in investment, operation and management of expressways and national toll highways and bridges mainly located in Guangzhou area. As the 30 th June 2006, the Group had already invested and operating a total of 13 toll road and bridge projects with current attributable length of 315.2 kms. These projects include Guangzhou Northern Ring Road, Guangzhou Northern Second Ring Expressway, Guangzhou Western Second Ring Expressway, Guangdong Humen Bridge and Shantou Bay Bridge; Guangshen Highway, Guangshan Highway, Guangcong Highway Section I and II, Guanghua Highway and Qinglian Highways all of which connect the traffic hub of Guangzhou City and inter-provincial traffic between Guangdong, Hunan and Jiangxi provinces; Xian Expressway in Shaanxi Province and Xiang Jiang Bridge II in Xiangtan City of Hunan Province. Except for Guangzhou Western Second Ring Expressway that in now under construction, the other toll projects are already operating and collecting toll.

 

For enquires, please contact:

GZI Transport LTD

Grace Li (Tel: 2865 2205 Fax: 2865 2126)

 

 

 

Average daily toll traffic volume of toll highways and bridges

 


Average daily toll traffic volume (vehicle)

Weighted average toll fare per vehicle (Rmb)


For the six months

ended 30th June

For the six months ended 30th June


2006

2005

Change

2006

2005

Subsidiaries







Guangshen Highway

27,834

30,559

-8.9%

6.01

5.93


Guangshan Highway

22,516

22,584

-0.3%

9.96

10.25


Guangcong Highway Section I

12,426

12,552

-1.0%

12.11

12.92


Guangcong Highway Section II
& Provincial Highway 1909

22,330

21,018

6.2%

7.71

7.87


Guanghua Highway

10,336

11,745

-12.0%

8.12

8.15


Xian Expressway

30,367

26,245

15.7%

11.87

11.88


Xiang Jiang Bridge II

5,131
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

5,951
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

-13.8%
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

10.9

8.77


Total

130,940
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

130,654
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

1.2%
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%









Associated Companies & Jointly Controlled Entity







Humen Bridge

48,199

41,531

16.1%

44.05

42.68


Northern Ring Road

147,968

128,426

15.2%

11.67

12.52


Qinglian Highways

16,514

17,064

-3.2%

19.15

20.91


Shantou Bay Bridge

10,246

9,534

7.5%

37.00

36.15


GNSR Expressway

53,294
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

41,703
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

27.8%
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

16.63

17.75


Total

276,221
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

238,258
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%

15.9%
GZI Transport Announces 2006 Interim Result Profit of HK$198.8 million, up 17.9%



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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