Fibocom Wireless Inc. — Earnings Release 2003

Dec 20, 2002

Listed Company Information

MINGLUN GROUP<00346> - Results Announcement Minglun Group (Hong Kong) Limited announced on 20/12/2002: (stock code: 00346 ) Year end date: 31/03/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/04/2002 from 01/04/2001 to 30/09/2002 to 30/09/2001 Note ('000 ) ('000 ) Turnover : 221,365 304,585 Profit/(Loss) from Operations : 8,192 21,048 Finance cost : (89) (675) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 6,589 16,992 % Change over Last Period : -61.2 % EPS/(LPS)-Basic (in dollars) : 0.033 0.085 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 6,589 16,992 Interim Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A 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. CHANGES IN GROUP'S ACCOUNTING POLICIES AND THE MAJOR EFFECT OF ADOPTING THESE NEW / REVISED POLICIES In the current period, the Group adopted various new/revised Statements of Standard Accounting Practice issued by the Hong Kong Society of Accountants which are effective for the first time for the period under review. The adoption of these new/revised standards in the Group's accounting policies has no material effect on the interim accounts. 2. EARNINGS PER SHARE The calculation of basic earnings per share for the six months ended 30 September 2002 was based on the Group's net profit from ordinary activities attributable to shareholders for the period of approximately HK$6,589,000 (2001: HK$16,992,000) and the weighted average of 200,000,000 (2001: 200,000,000) shares in issue during the period. The diluted earnings per share for the periods ended 30 September 2001 and 2002 have not been presented as there were no potential dilutive ordinary shares in existence during either of the periods.