Dongyue Group Limited — Earnings Release 2003

Jul 15, 2003

Listed Company Information

HERALD HOLD<00114> - Results Announcement Herald Holdings Limited announced on 15/07/2003: (stock code: 00114 ) Year end date: 31/03/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/04/2002 from 01/04/2001 to 31/03/2003 to 31/03/2002 Note ($ ) ($ ) Turnover : 925,954,000 867,062,000 Profit/(Loss) from Operations : 42,287,000 (27,588,000) Finance cost : (168,000) (660,000) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : 439,000 343,000 Profit/(Loss) after Tax & MI : 30,562,000 (32,416,000) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.0492 (0.0519) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 30,562,000 (32,416,000) Final Dividend : 2 cents 1 cent per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 17/09/2003 to 18/09/2003bdi. Payable Date : 26/09/2003 B/C Dates for Annual General Meeting : 17/09/2003 to 18/09/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Turnover and profit for the year come from continuing operations only. 2. Earnings/(loss) per share The calculation of basic earnings/(loss) per share is based on the net profit/(loss) for the year attributable to ordinary shareholders of HK$30,562,000 (2002: net loss of HK$32,416,000) and on 620,957,000 (2002: 624,934,000) ordinary shares, being the weighted average number of ordinary shares outstanding during the year. There were no dilutive potential ordinary shares in existence during the years ended 31 March 2003 and 2002. 3. The profit/(loss) from operations for the year included impairment loss on fixed assets amounting to HK$1,000,000 (2002: HK$31,894,000) and deficits on revaluation of investment properties amounting to HK$895,000 (2002: HK$5,009,000).