CITIC Limited — Earnings Release 1999

Mar 16, 2000

Listed Company Information

CITIC PACIFIC<0267> - Results Announcement CITIC Pacific Limited announced on 16/3/2000: (stock code: 267) Year end date: 31/12/1999 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 31/12/1999 to 31/12/1998 ('Million) ('Million) Turnover - Continuing : 26,424 14,736 - Discontinued : N/A N/A Operating Profit/(Loss) - Continuing : 2,259 2,429 - Discontinued : N/A N/A Total Operating Profit : 2,259 2,429 Share of Profit Less Losses of Associated Companies : 2,223 2,134 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit after Tax & MI : 2,966 2,808 % Change over Last Period : +6% EPS -Basic : 139.4 cents 132 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit after ETD Items : 2,966 2,808 Final Dividend per Share : 55 cents 50 cents (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : 25/5/2000 to 31/5/2000 bdi. Payable Date : 7/6/2000 B/C Dates for Annual General Meeting : 25/5/2000 to 31/5/2000 bdi. Other Distribution for Current Period : Nil B/C Dates for Other Distribution : N/A Remarks: (1) The calculation of earnings per share is based on profit attributable to shareholders of HK$2,966 million (1998: HK$2,808 million) and on 2,127,367,160 shares in issue throughout the year (1998: 2,127,367,160 shares in issue). There is no dilution effect for the earnings per share. (2) Operating profit of 1999 represents profit from consolidated activities. (3) Profit from consolidated activities of 1999 is before net finance charges of HK$1,090 million (1998: HK$1,201 million). (4) Certain comparative figures have been reclassified to conform with the current presentation as required under Hong Kong SSAP 1 (revised) "Presentation of financial statements".