CITIC Limited — Earnings Release 2001

Aug 28, 2001

Listed Company Information

CITIC PACIFIC<00267> - Results Announcement (Summary) CITIC Pacific Limited announced on 28/8/2001: (stock code: 267) Please refer to the press announcement for the details of the audit committee's review report on the interim financial statement, to be issued by the Company on 29/8/2001. Year end date: 31/12/2001 Currency: HKD (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2001 from 1/1/2000 to 30/6/2001 to 30/6/2000 ('Million) ('Million) Turnover : 8,787 6,767 Profit from Operations : 1,200 1,128 Finance cost : (267) (308) Share of Profit less losses of Associates: 811 743 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit after Taxation & MI : 1,500 1,399 % Change over Last Period : +7% EPS -Basic : 68.3 cents 63.7 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit after ETD Items : 1,500 1,399 Interim Dividend per Share : 20 cents 20 cents (Specify if with other options) : N/A N/A B/C Dates for Interim Dividend : 13/9/2001 to 19/9/2001 bdi. Payable Date : 21/9/2001 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : Nil B/C Dates for Other Distribution : N/A Remarks: 1. The Interim Accounts, which are prepared in accordance with SSAP 25 "Interim Financial Reporting", have been reviewed by the Company's independent auditors PricewaterhouseCoopers in accordance with the Auditing Standard SAS 700 "Engagements To Review Interim Financial Reports" except that the scope did not extend to the results of the listed associated company, Cathay Pacific Airways Limited. A report of their review will be included in the Interim Report to Shareholders. 2. The calculation of earnings per share is based on profit attributable to shareholders of HK$1,500 million (2000: HK$1,399 million) and on 2,196,000,160 shares in issue for the period (2000: weighted average number of 2,196,172,594 shares). There is no dilution effect for the earnings per share. 3. Profit from Operations represents profit from consolidated activities. 4. Finance cost represents net finance charges. 5. Comparative figures have been adjusted to conform with the current presentation as required under the new or revised Hong Kong Statements of Standard Accounting Practice implemented in 2001.