Fibocom Wireless Inc. — Earnings Release 2003

Aug 6, 2003

Listed Company Information

MINGLUN GROUP<00346> - Results Announcement (Summary) Minglun Group (Hong Kong) Limited announced on 06/08/2003: (stock code: 00346 ) 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 ('000 ) ('000 ) Turnover : 520,857 518,281 Profit/(Loss) from Operations : 8,893 11,376 Finance cost : (138) (811) 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 : 8,549 8,899 % Change over Last Period : -3.9 % EPS/(LPS)-Basic (in dollars) : 0.009 0.009 -Diluted (in dollars) : 0.009 0.009 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 8,549 8,899 Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : 19/9/2003 to 24/9/2003 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. EARNINGS PER SHARE The calculation of basic earnings per share is based on the Group's net profit from ordinary activities attributable to shareholders for the year of HK$8,549,000 (2002: HK$8,899,000) and the number of 1,000,000,000 (2002: adjusted weighted average of 993,835,615) ordinary shares currently in issue after subdivision of each of the issued and unissued shares into five subdivided shares on 17 June 2003. The earnings per share for 2002 has been adjusted accordingly. Diluted earnings per share amount for the year ended 31 March 2003 has not been presented as the effect of the assumed conversion of the Company's outstanding share options would be anti-dilutive. Diluted earnings per share amount for the year ended 31 March 2002 has not been presented as there were no potential dilutive ordinary shares in existence during the year ended 31 March 2002. 2. TURNOVER AND PROFIT FROM OPERATING ACTIVITIES An analysis of the Group's turnover and profit from operating activities is as follows: Group 2003 2002 HK$'000 HK$'000 Turnover Continuing: Sale of goods 418,688 404,677 Discontinued: Sale of goods 102,169 113,604 -------- -------- 520,857 518,281 -------- -------- Profit from Operating Activities Continuing: 8,843 10,014 Discontinued: 3,346 4,960 -------- -------- 12,189 14,974 Interest income 157 924 Unallocated expenses (3,453) (4,522) -------- -------- 8,893 11,376 -------- --------