CAI Corp — Earnings Release 2003

Mar 9, 2004

Listed Company Information

HARBOUR CENTRE<00051> - Results Announcement Harbour Centre Development Limited announced on 09/03/2004: (stock code: 00051 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 31/12/2003 to 31/12/2002 Note ('Million ) ('Million ) Turnover : 308.7 335.2 Profit/(Loss) from Operations : 111.5 130.2 Finance cost : N/A N/A Share of Profit/(Loss) of Associates : 124.9 (102.2) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 169.4 12.8 % Change over Last Period : +1,223 % EPS/(LPS)-Basic (in dollars) : 0.54 0.04 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 169.4 12.8 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 : 3/5/2004 to 10/5/2004 bdi. Payable Date : 17/5/2004 B/C Dates for Annual General Meeting : 3/5/2004 to 10/5/2004 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) Certain comparative figures have been adjusted as a result of changes in accounting policies for income taxes in order to comply with Hong Kong Statement of Standard Accounting Practice 12 (revised). (2) The turnover and profit from operations of HK$308.7 million and HK$111.5 million for the year ended 31st December, 2003 respectively and HK$335.2 million and HK$130.2 million for the last year respectively were all generated from continuing operations. (3) Share of profit of associates for the year largely contributed from sale of units of a property development by an associate and share of loss of associates for the preceding year includes share of an impairment provision made by an associate in respect of a property development. (4) The calculation of earnings per share is based on the profit for the year of HK$169.4 million (2002: restated HK$12.8 million) and on 315.0 million (2002: 315.0 million) ordinary shares in issue throughout the year. For the year under review and the preceding year, there is no difference between the basic and diluted earnings per share.