Dream International Limited — Earnings Release 2002

Apr 8, 2003

Listed Company Information

DREAM INT'L<01126> - Results Announcement Dream International Limited announced on 08/04/2003: (stock code: 01126 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 910,370 756,049 Profit/(Loss) from Operations : 124,671 105,187 Finance cost : (3) (230) Share of Profit/(Loss) of Associates : (483) N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 113,891 98,854 % Change over Last Period : +15.2 % EPS/(LPS)-Basic (in dollars) : 0.18 0.203 -Diluted (in dollars) : 0.179 N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 113,891 98,854 Final Dividend : $0.064 $0.048 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 17/05/2003 to 22/05/2003bdi. Payable Date : 31/05/2003 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. Group reorganisation and basis of preparation Pursuant to a group reorganisation (the "Group Reorganisation"), which was completed on 31 December 2001 to rationalise the group structure in preparation of a listing of the company's shares on the SEHK, the company became the holding company of the companies now comprising the group by acquiring the entire share capital of C & H Toy of America, Inc. and J.Y. Toys Co., Limited from the ultimate holding company. These consolidated financial statements have been prepared using the acquisition method of accounting and include the financial statements of the company and all of its subsidiaries made up to 31 December each year. The results of subsidiaries acquired during the period are included in the consolidated income statement from their respective dates of acquisition. 2 Earnings per share Basic earnings per share The calculation of basic earnings per share is based on the profit attributable to shareholders of $113,891,000 (2001: $98,854,000) and the weighted average of 633,972,625 ordinary shares (2001: 487,500,000 shares after adjusting for the capitalisation issue in 2002) in issue during the year. Diluted earnings per share The calculation of diluted earnings per share is based on the profit attributable to ordinary shareholders of $113,891,000 (2001: $98,854,000) and the weighted average number of ordinary shares of 637,260,609 shares after adjusting for the effects of all dilutive potential ordinary shares. There were no dilutive potential ordinary shares in existence during 2001 and therefore diluted earnings per share is not presented.