Dynamic Holdings Limited — Earnings Release 2002

Oct 22, 2002

Listed Company Information

DYNAMIC HOLD<00029> - Results Announcement (Summary) Dynamic Holdings Limited announced on 22/10/2002: (stock code: 29) Year end date: 30/6/2002 Currency: HKD Auditors' Report: Unqualified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/7/2001 from 1/7/2000 to 30/6/2002 to 30/6/2001 ('000) ('000) Turnover : 50,567 294,593 Profit/(Loss) from Operations : (42,691) 40,753 Finance cost : (1,550) (10,397) Share of Profit/(Loss) of Associates : Nil Nil Share of Profit/(Loss) of Jointly Controlled Entities : Nil Nil Profit/(Loss) after Tax & MI : (47,597) 21,061 % Change over Last Period : N/A EPS/(LPS)-Basic : (21.7 cents) 9.6 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : Nil Nil Profit/(Loss) after ETD Items : (47,597) 21,061 Final Dividend per Share : 2 cents 2 cents (Specify if with other options) : Nil Nil B/C Dates for Final Dividend : 16/12/2002 to 20/12/2002 bdi. Payable Date : on or about 17/1/2003 B/C Dates for Annual General Meeting : 16/12/2002 to 20/12/2002 bdi. Other Distribution for Current Period : Nil B/C Dates for Other Distribution : N/A Remarks: (1) (Loss) Profit from operations (Loss) Profit from operations has been arrived at after (charging) crediting the following items arising from continuing operations:- Year ended 30th June, 2002 2001 HK$'000 HK$'000 Reversal of impairment in value of properties under development 3,364 12,447 Other operating expenses of pre-development project (8,129) - Deficit arising on revaluation of investment properties (60,000) - ---------- ----------- (2) Basic and diluted loss per share The calculation of basic loss per share is based on a loss for the year of HK$47,597,000 and on the weighted average number of 219,103,681 ordinary shares in issue throughout the year. Diluted loss per share is not shown as there was no dilution effect on the loss per share in the year.