Dynamic Holdings Limited — Earnings Release 2000

Nov 24, 2000

Listed Company Information

DYNAMIC HOLD<0029> - Results Announcement Dynamic Holdings Limited announced on 24/11/2000: (stock code: 29) Year end date: 30/6/2000 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/7/1999 from 1/7/1998 to 30/6/2000 to 30/6/1999 ('000) ('000) Turnover : 400,098 54,527 Profit/(Loss) from Operations : 46,532 (174,413) Finance cost : (6,659) (5,048) Share of Profit/(Loss) of Associates : 398 931 Share of Profit/(Loss) of Jointly Controlled Entities : Nil Nil Profit/(Loss) after Tax & MI : 34,615 (178,706) % Change over Last Period : N/A EPS/(LPS)-Basic : 15.8 cents (81.6 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : Nil Nil Profit/(Loss) after ETD Items : 34,615 (178,706) Final Distribution per Share : 2 cents 2 cents (Specify if with other options) : - - B/C Dates for Final Distribution : 14/12/2000 to 20/12/2000 bdi. Payable Date : on or about 17/1/2001 B/C Dates for Annual General Meeting : 14/12/2000 to 20/12/2000 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) Basic earnings (loss) per share The calculation of basic earnings (loss) per share is based on the profit for the year of HK$34,615,000 (1999: a loss of HK$178,706,000) and on the weighted average number of 219,103,681 (1999: 219,103,681) ordinary shares in issue throughout the year. (2) Diluted earnings (loss) per share The share options had no dilution effect on the earnings (loss) per share. (3) Explanation for any change or adjustment of the last corresponding results As a result of the adoption of revised Statements of Standard Accounting Practice issued by the Hong Kong Society of Accountants which became effective the year, certain comparative figures have been reclassified to conform with the current year's presentation. (4) Additional disclosure for financial performance The substantial improvements in operating profit of HK$46,532,000 (as compared to the loss of HK$174,413,000 for the previous year) is principally due to the realization of gains on the sale of the first two towers of Chaoyang Garden and there being no further provisions to be made for diminution of assets of the Company and its subsidiaries.