Central Development Holdings Limited — Interim / Quarterly Report 2004

Dec 23, 2003

Listed Company Information

SEAPOWER RES I<00269> - Results Announcement (Summary) SEAPOWER RESOURCES INTERNATIONAL LIMITED announced on 23/12/2003: (stock code: 00269 ) Year end date: 31/03/2004 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/4/2003 from 1/4/2002 to 30/9/2003 to 30/9/2002 Note ('000 ) ('000 ) Turnover : 5,002 7,628 Profit/(Loss) from Operations : (3,129) (1,244) Finance cost : (23,298) (25,324) 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 : (33,836) (24,026) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0219) (0.0155) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (33,836) (24,026) Interim Dividend : Nil Nil per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A 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 Basis of preparation The Directors have prepared the unaudited interim financial statements on a going concern basis. 2 SEGMENT TURNOVER AND RESULTS For the six months ended 30 September 2003 2002 HK$'000 HK$'000 Segment turnover: Income from cold storage warehousing and logistics management 5,002 7,628 Segment results Cold storage warehousing and logistics management (991) 4,353 Property investment (68) (48) ============ ========== 3 LOSS FROM OPERATIONS Loss from operations is stated after crediting and charging: For the six months ended 30 September 2003 2002 HK$'000 HK$'000 Crediting: Gain on disposal of leasehold properties - 9,104 Gain on disposal of subsidiaries - 656 Charging: Restructuring cost 1,704 - Loss on disposal of club membership - 1,340 Provision for bad and doubtful debts 212 2,076 Loss on disposal of listed investment - 443 Depreciation and amortisation 787 1,010 ----------- ---------- 4 LOSS PER SHARE The calculation of the basic loss per share is based on the net loss for the period of approximately HK$33,836,000 (for the six months ended 30 September 2002: HK$24,026,000) and on 1,547,042,829 (2002: 1,547,042,829) shares in issue during the period. Diluted loss per share is not presented as there were no dilutive potential ordinary shares in existence for the six months ended 30 September 2003.