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Deewin Tianxia Co., Ltd Earnings Release 2002

Sep 17, 2002

50584_rns_2002-09-17_cd8e3970-9490-425a-a4e7-83e27802419a.htm

Earnings Release

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Listed Company Information

ING BEIJING<01062> - Results Announcement (Summary)

ING Beijing Investment Company Limited announced on 17/9/2002:
(stock codes: Ord: 1062 & War: 1034)
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Both Audit Committee and Auditors

(Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/1/2002 from 1/1/2001
to 30/6/2002 to 30/6/2001

Turnover : 5,618,616 6,132,128
Profit/(Loss) from Operations : (2,658,516) (763,545)
Finance cost : Nil Nil
Share of Profit/(Loss) of Associates : Nil Nil
Share of Profit/(Loss) of
Jointly Controlled Entities : 1,412,970 183,824
Profit/(Loss) after Tax & MI : 1,094,135 (1,461,780)
% Change over Last Period : N/A
EPS/(LPS)-Basic : 0.203 cent (0.271 cent)
-Diluted : 0.202 cent Nil
Extraordinary (ETD) Gain/(Loss) : Nil Nil
Profit/(Loss) after ETD Items : 1,094,135 (1,461,780)
Interim Dividend per Share : Nil Nil
(Specify if with other options) : Nil Nil
B/C Dates for Interim Dividend : Nil
Payable Date : Nil
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : Nil
B/C Dates for Other Distribution : Nil

Remark:

Basic EPS

The calculation of basic earnings per share is based on profit
attributable to shareholders of $1,094,135 and on 539,512,000 ordinary
shares in issue during the period.

=$1,094,135 / 539,512,000

=0.203 cent
===========


Diluted EPS

The calculation of diluted earnings per share for the period ended
June 30, 2002 is based on the profit attributable to shareholders of
$1,094,135 and on 542,238,399 ordinary shares after adjusting for the
effects of all potential dilutive ordinary shares.


No. of shares

Number of ordinary shares used in calculating
basic earnings per share
539,512,000

Deemed issue of ordinary shares for no
consideration 2,726,399

Number of ordinary shares used in calculating ------------
diluted earnings per share
542,238,399
============

=$1,094,135 / 542,238,399
=0.202 cent
===========