CCIAM Future Energy Limited — Earnings Release 2003

Mar 31, 2004

Listed Company Information

Listed Company Information
TAI SANG LAND<00089> - Results Announcement (Summary) Tai Sang Land Development Limited announced on 31/3/2004: (stock code: 00089 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: Unqualified (Restated) (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 : 212.8 209.8 Profit/(Loss) from Operations : 80.8 82.5 Finance cost : (19.4) (22) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 42.5 48.7 % Change over Last Period : -12.7 % EPS/(LPS)-Basic (in dollars) : 0.148 0.169 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 42.5 48.7 Final Dividend : 5 cents 5 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 14/5/2004 to 21/5/2004 bdi. Payable Date : 28/5/2004 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Profit/(Loss) after Taxation & MI The change in accounting policy on deferred taxation as a result of the adoption of the new Hong Kong Statement of Standard Accounting Practice 12 "Income taxes" issued by the Hong Kong Society of Accountant has been applied retrospectively so that the comparatives presented have been restated to conform to the changed policy. The profit for the year ended 31st December 2002 has been reduced by HK$2,800,000. 2. Earnings per share The calculation of earnings per share is based on profit attributable to shareholders of HK$42,480,319 (2002: HK$48,729,865) and on 287,669,676 (2002: 287,669,676) ordinary shares in issue during the year.