CLP Holdings Limited — Earnings Release 2003

Aug 4, 2003

Listed Company Information

CLP HOLDINGS<00002> - Results Announcement (Summary) CLP Holdings Limited announced on 4/8/2003: (stock code: 2) Year end date: 31/12/2003 Currency: HK$ Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited) (Unaudited) Current Last Corresponding Period Period from 1/1/2003 from 1/1/2002 to 30/6/2003 to 30/6/2002 ('Million) ('Million) Turnover : 11,871 11,804 Profit/(Loss) from Operations -Operating profit : 2,586 2,890 Finance costs : (223) (88) Finance income : 35 11 Hok Un redevelopment profit : 63 163 Share of profits less losses of jointly controlled entities : 1,711 1,495 Share of Profit/(Losses) of associated companies : 53 84 Profit after Taxation & MI : 3,497 3,871 Transfers under Scheme of Control from/(to) -Development fund : 263 (336) -Special provision account : 102 54 -Rate reduction reserve : (148) (158) --------------------------- 217 (440) --------------------------- Total Earnings including -Scheme of Control earnings : 3,045 2,829 -Non-Scheme of Control operating earnings : 710 568 -Unallocated net finance costs : (33) (41) -Unallocated Group expenses : (59) (59) ----------------------------- -Total operating earnings : 3,663 3,297 -Hok Un redevelopment profit : 51 134 ----------------------------- Total earnings : 3,714 3,431 % Change over Last Period : +8.2% EPS/(LPS) - Basic - Including Hok Un redevelopment profit : $1.54 $1.42 - Excluding Hok Un redevelopment profit : $1.52 $1.37 - Diluted : N/A N/A Extraordinary ("ETD") Gain/(Loss) : N/A N/A Profit/(Loss) after ETD items : N/A N/A 2nd Interim Dividend per Share : $0.41 $0.38 (specify if with other options): N/A N/A B/C Date for 2nd Interim Dividend : 2/9/2003 Payable Date : 15/9/2003 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : N/A B/C Date for Other Distribution: N/A Remarks: (1) Some of the comparative figures for the six months ended 30 June 2002 have been adjusted to reflect the impact on adoption of Hong Kong Statement of Standard Accounting Practice No. 12 (Revised) "Income Taxes". (2) The Group recorded its share of profit arising from the sale of further units of Hok Un Redevelopment (Laguna Verde). (3) The earnings per share figures for year 2003 are based on the number of shares in issue of 2,408,245,900 shares. The earnings per share figures for year 2002 are based on the weighted average number of shares in issue of 2,409,329,601 shares, taking into account the repurchase of 13,240,500 shares during the period.