CTF Services Limited — Interim / Quarterly Report 2003

Mar 20, 2003

Listed Company Information

NWS HOLDINGS<00659> - Results Announcement NWS Holdings Limited announced on 20/3/2003: (stock code: 00659 ) Year end date: 30/6/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/7/2002 from 1/7/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 6,131 73,460 Profit/(Loss) from Operations : (46,826) (174,811) Finance cost : N/A (2,722) Share of Profit/(Loss) of Associates : 154,156 135,949 Share of Profit/(Loss) of Jointly Controlled Entities : 107,491 82,764 Profit/(Loss) after Tax & MI : 174,701 12,541 % Change over Last Period : +1,293 % EPS/(LPS)-Basic (in dollars) : 0.0793 (0.0267) -Diluted (in dollars) : 0.0333 N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 174,701 12,541 Interim Dividend : NIL 2.00 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A 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. Basis of preparation of the accounts These unaudited consolidated condensed interim accounts for the six months ended 31 December 2002 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 Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. 2. Earnings/(loss) per share The calculation of basic earnings/(loss) per share is based on the Group's profit attributable to shareholders of HK$174,701,000 (2001: HK$12,541,000) less preference share dividend of HK$11,370,000 (2001: HK$67,489,000) and the weighted average of 2,059,968,000 (2001: 2,059,968,000) ordinary shares in issue during the period. The diluted earnings per share for the six months ended 31 December 2002 was calculated based on the Group's profit attributable to shareholders of HK$174,701,000 and 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 diluted loss per share for the six months ended 31 December 2001 was not presented as the conversion of preference shares is anti-dilutive. The conversion of share options was not dilutive as the exercise price of the Company's outstanding options was higher than the average market price per ordinary share for the six months ended 31 December 2002 and 2001.