CITIC Limited — Earnings Release 2003

Aug 27, 2003

Listed Company Information

CITIC PACIFIC<00267> - Results Announcement (Summary) CITIC Pacific Limited announced on 27/8/2003: (stock code: 00267 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 30/6/2003 to 30/6/2002 Note ('Million ) ('Million ) Turnover : 15,695 11,481 Profit/(Loss) from Operations : 1,025 1,354 Finance cost : (184) (232) Share of Profit/less (Losses) of Associates : (91) 1,115 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 419 1,948 % Change over Last Period : -78.49 % EPS/(LPS)-Basic (in dollars) : 0.191 0.89 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 419 1,948 Interim Dividend : 30 cents 30 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : 15/9/2003 to 19/9/2003 bdi. Payable Date : 23/9/2003 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) 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$419 million (2002 : HK$1,948 million) and on 2,188,460,160 shares in issue for the period (2002 : 2,189,780,160 shares in issue). No diluted earnings per share is presented for the six months ended 30th June, 2003 and 30th June, 2002 as the exercise of all the share options outstanding during the periods have no dilutive effect on 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.