THE ADELAIDE STEAMSHIP CO LTD <ADSA.S> FIRST HALF
First half ended December 31
    Shr 55.01 cents vs 97.76
    Int div 18 cents vs 16
    Net 75.05 mln dlrs vs 55.68 mln
    Turnover 156.94 mln vs 177.87 mln
    Other revenue 72.50 mln vs 31.18 mln.
    One-for-five rights issue at 11.50 dlrs a share
    One-for-four bonus issue on capital enlarged by rights
issue
    Shrs 99.36 mln vs 70.94 mln.
    NOTE - Shr applies to total net 54.66 mln dlrs vs 69.48 mln
after extraordinaries loss.
    Pre-extraordinaries net shr 75.53 cents vs 78.32
    Div pay April 30. Div and rights issue reg March 30. Bonus
reg May 6. Net equity-accounts share of associates' earnings.
    Pre-equity pre-tax earnings 59.52 mln dlrs vs 64.13 mln.
Pre-equity net 52.07 mln dlrs vs 43.35 mln after tax 3.45 mln
vs 16.34 mln, minorities 4.00 mln vs 6.44 mln, interest 33.89
mln vs 26.11 mln and depreciation 2.67 mln vs 2.72 mln but
before net extraordinary loss 20.39 mln vs 13.79 mln.
 REUTER
