China Pipe Group Limited — Earnings Release 2001

Apr 23, 2002

Listed Company Information

PRIME SUCCESS<00210> - Results Announcement (Summary) Prime Success International Group Limited announced on 23/4/2002: (stock code: 210) Year end date: 31/12/2001 Currency: HKD Auditors' Report: Neither Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2001 from 1/1/2000 to 31/12/2001 to 31/12/2000 ('000) ('000) Turnover : 1,088,527 1,013,816 Profit/(Loss) from Operations : (68,883) (27,159) Finance cost : (16,528) (14,159) Share of Profit/(Loss) of Associates : 140 190 Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (99,779) (51,151) % Change over Last Period : N/A EPS/(LPS)-Basic : (6.7 cents) (3.4 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (99,779) (51,151) Final Dividend per Share : Nil Nil (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : 21/5/2002 to 23/5/2002 bdi. Other Distribution for Current Period : Nil B/C Dates for Other Distribution : N/A Remarks: 1. FINAL DIVIDEND The Board has resolved not to declare a final dividend for the year ended 31st December, 2001 (2000: Nil). 2. LOSS PER SHARE The calculation of the basic and diluted earnings per share for the period is based on the following data: For the year ended 31st December, 2001 2000 HK$'000 HK$'000 Net loss for the year (99,779) (51,151) ========= ========= Weighted average number of ordinary shares for the purpose of basic earnings per share 1,498,392,384 1,498,392,384 ============== ============= No disclosure of diluted loss per share has been presented because the exercise price of the Company's outstanding options was higher than the average market price for shares for both years of 2001 and 2000. 3. To reflect the fair market value, impairment loss recognised in respect of investments in securities had been made amounted to approximately HK$13.9 million in 2001 (2000: HK$50.3 million).