CAI Corp — Earnings Release 2002

Mar 20, 2003

Listed Company Information

HARBOUR CENTRE<00051> - Results Announcement Harbour Centre Development Limited announced on 20/03/2003: (stock code: 00051 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ('Million ) ('Million ) Turnover : 335.2 404.1 Profit/(Loss) from Operations : 130.2 161.9 Finance cost : N/A (24.3) Share of Profit/(Loss) of Associates : (102.2) 10.3 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 16.2 (113.1) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.05 (0.36) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 16.2 (113.1) Final Dividend : 12.0 cents 12.0 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 21/05/2003 to 28/05/2003bdi. Payable Date : 10/06/2003 B/C Dates for Annual General Meeting : 21/05/2003 to 28/05/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) Other income separately disclosed in prior years has been included in turnover in order to present better the results and financial condition of the Group. Comparative figures thereof have been amended accordingly. (2) The turnover and profit from operations of HK$335.2 million and HK$130.2 million for the year ended 31st December, 2002 respectively and HK$404.1 million and HK$161.9 million for the last year respectively were all generated from continuing operations. (3) Share of profit/(loss) of associates includes share of an impairment provision made by an associate in respect of a property development. (4) The calculation of earnings/(loss) per share is based on profit for the year of HK$16.2 million (2001: loss of HK$113.1 million) and on 315.0 million (2001: 315.0 million) ordinary shares in issue during the year. For the year under review and the preceding year, there is no difference between the basic and diluted earnings/(loss) per share.