CTF Services Limited — Earnings Release 2002

Sep 24, 2002

Listed Company Information

CENTRAL CHINA<00351> - Results Announcement (Summary) Central China Enterprises Limited announced on 24/9/2002: (stock code: 351) Year end date: 31/12/2002 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 30/6/2002 to 30/6/2001 ('000) ('000) Turnover : 637 55,552 Profit/(Loss) from Operations : (27,934) (14,603) Finance cost : (926) (4,402) Share of Profit/(Loss) of Associates : (8,499) (6,006) Share of Profit/(Loss) of Jointly Controlled Entities : NIL (164) Profit/(Loss) after Tax & MI : (42,412) (12,323) % Change over Last Period : N/A EPS/(LPS)-Basic : (1.59 cents) (0.46 cent) -Diluted : NIL NIL Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (42,412) (12,323) Interim Dividend per Share : NIL NIL (Specify if with other options) : - - B/C Dates for Interim Dividend : N/A Payable Date : - B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : - B/C Dates for Other Distribution : N/A Remarks: 1. Loss Per Share The calculation of basic loss per share is based on net loss for the six months ended 30 June 2002 of approximately HK$42,412,000 (six months ended 30 June 2001: approximately HK$12,323,000) and on 2,663,370,147 shares (six months ended 30 June 2001: 2,663,370,147 shares) in issue during the period. No diluted loss per share has been calculated as the exercise of the share options would result in a decrease in loss per share for both periods. 2. Re-classification of Items shown in Last Corresponding Period The respective amounts of (HK$14,603,000) shown under Profit/(Loss) from Operations and (HK$164,000) shown under "Share of Profit/(Loss) of Jointly Controlled Entities" for the six months ended 30 June 2001 have been re-classified in order to conform with the current year presentation.