CTF Services Limited — Earnings Release 2001

Oct 10, 2001

Listed Company Information

PACIFIC PORTS<00659> - Results Announcement (Summary) Pacific Ports Company Limited announced on 10/10/2001: (stock code: 659) Year end date: 30/6/2001 Currency: HKD (Audited) (Audited) 12-month 18-month Period Period from 1/7/2000 from 1/1/1999 to 30/6/2001 to 30/6/2000 ('000) ('000) Turnover : 135,861 149,668 (Loss) from Operations : (49,642) (54,977) Finance cost : (4,592) (6,989) Share of Profit of Associates : 244,042 83,190 Share of Profit of Jointly Controlled Entities : 151,044 47,262 Profit after Taxation & MI : 276,138 65,793 % Change over Last Period : N/A EPS -Basic : 6.91 cents 2.58 cents -Diluted : 5.26 cents 2.58 cents Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 276,138 65,793 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 (-) General Meeting : N/A Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: 1. Basis of preparation of the accounts The accounts have been prepared under the historical cost convention as modified by the revaluation of non-trading securities, in accordance with accounting principles generally accepted in Hong Kong and comply with accounting standards issued by the Hong Kong Society of Accountants. 2. Earnings per share The calculation of basic earnings per share is based on the Group's profit attributable to shareholders of HK$276,138,000 (Period from 1.1.1999 to 30.6.2000: HK$65,793,000) less preference share dividend of HK$133,878,000 (Period from 1.1.1999 to 30.6.2000: HK$38,351,000) and the weighted average of 2,059,968,000 (2000: 1,064,388,230) ordinary shares in issue during the year/period. The diluted earnings per share for the year ended 30th June 2001 is based on the Group's profit attributable to shareholders of HK$276,138,000 and 5,253,622,306 ordinary shares which is the weighted average number of 2,059,968,000 of ordinary shares in issue during the year plus the weighted average of 3,193,654,306 ordinary shares deemed to be issued on the conversion of all preference shares. The conversion of share options is not dilutive as the exercise price of the Company's outstanding options is higher than the fair value per ordinary share for the current year. The diluted earnings per share for the period from 1st January 1999 to 30th June 2000 is based on the Group's profit attributable to shareholders of HK$65,793,000 less preference share dividend of HK$38,351,000 and 1,064,575,810 ordinary shares which is the weighted average number of 1,064,388,230 of ordinary shares in issue during the prior period and 187,580 ordinary shares deemed to be issued at no consideration if all outstanding share options have been exercised. The conversion of preference shares is anti-dilutive for the prior period.