CTF Services Limited — Interim / Quarterly Report 2002

Mar 22, 2002

Listed Company Information

PACIFIC PORTS<00659> - Results Announcement (Summary) Pacific Ports Company Limited announced on 22/3/2002: (stock code: 659) Year end date: 30/6/2002 Currency: HKD Auditors' Report: Neither Review of Interim Report by: Audit Committee (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/7/2001 from 1/7/2000 to 31/12/2001 to 31/12/2000 ('000) ('000) Turnover : 73,460 63,120 (Loss) from Operations : (174,811) (33,531) Finance cost : (2,722) (240) Share of Profit of Associates : 135,949 146,654 Share of Profit of Jointly Controlled Entities : 82,764 78,373 Profit after Tax & MI : 12,541 164,743 % Change over Last Period : -92% EPS/(LPS)-Basic : (2.67 cents) 4.72 cents -Diluted : N/A 3.14 cents Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 12,541 164,743 Interim Dividend per Share : 2 cents Nil (Specify if with other options) : - - B/C Dates for Interim Dividend : 15/4/2002 to 18/4/2002 bdi. Payable Date : 30/4/2002 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 These unaudited consolidated condensed interim accounts ("condensed interim accounts") are prepared in accordance with Statement of Standard Accounting Practice 2.125, "Interim Financial Reporting", issued by the Hong Kong Society of Accountants, and Appendix 16 of the Listing Rules of The Stock Exchange of Hong Kong Limited (the "Listing Rules"). 2. (Loss)/earnings per share The calculation of basic (loss)/earnings per share is based on the Group's profit attributable to shareholders of HK$12,541,000 (2000: HK$164,743,000) less preference share dividend of HK$67,489,000 (2000: HK$67,489,000) and the weighted average of 2,059,968,000 (2000: 2,059,968,000) ordinary shares in issue during the period. Diluted loss per share for the six months ended 31 December 2001 is not presented as the conversion of preference shares is anti-dilutive. The diluted earnings per share for the six months ended 31 December 2000 was based on 5,253,622,306 ordinary shares which were the weighted average number of 2,059,968,000 ordinary shares in issue during the period 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 was not dilutive as the exercise price of the Company's outstanding options was higher than the fair value per share for the six months ended 31 December 2001 and 2000.