China Environmental Resources Group Limited — Earnings Release 2000

Mar 22, 2000

Listed Company Information

BENEFUN INT'L<1130> - Results Announcement Benefun International Holdings Limited announced on 21/3/2000: (stock code: 1130) Year end date: 30/6/2000 Currency: HK$ (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/7/1999 from 1/7/1998 to 31/12/1999 to 31/12/1998 ('000) ('000) Turnover - Continuing : 54,500 90,391 - Discontinued : - - Operating Profit/(Loss) - Continuing : (11,670) (17,346) - Discontinued : - - Total Operating Profit/(Loss) : (11,670) (17,346) Share of Profit/(Loss) of Associated Companies : (95) - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (12,058) (17,425) % Change over Last Period : N/A EPS/(LPS)-Basic : (2.28 cents) (3.98 cents) -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (12,058) (17,425) Interim Dividend per Share : NIL NIL (Specify if with other options) : - - B/C Dates for Interim Dividend : - Payable Date : - B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) Operating loss was arrived at after taking into account of the following exceptional items:- 1999 1998 HK$'000 HK$'000 Loss on disposal of fixed assets 0 (1,970) Debtors and deposits written off (835) 0 Obsolete stock written off (7,655) (5,607) ---------- ---------- (8,490) (7,577) ======= ======= (2) The calculation for basic loss per share is based on the consolidated loss attributable to shareholders of HK$12,058,000 (1998: $17,425,000) divided by the weighted average of 529,272,369 ordinary shares (1998: 437,351,813 shares) in issue during the period. Fully diluted figures are not shown as the Group incurred a loss for the period. For more details, please refer to the press announcement today.