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Folangsi Co., Ltd Earnings Release 2001

Sep 14, 2001

50629_rns_2001-09-14_c6b7fdea-fd8c-4e44-8f13-19edf0a5f436.htm

Earnings Release

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Listed Company Information

CHI RES BEIJING<01109> - Results Announcement (Summary)

China Resources Beijing Land Limited announced on 14/9/2001:
(stock code: 1109)

Please refer to the press announcement for the details of the audit
committee's review report on the interim financial statement, to be issued
by the Company on 17/9/2001.

Year end date: 31/12/2001
Currency: HK$ (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/1/2001 from 1/1/2000
to 30/6/2001 to 30/6/2000
('000) ('000)
Turnover : 1,139,427 571,669
Profit/(Loss) from Operations : 164,945 58,263
Finance cost : (10,006) (5,058)
Share of Profit/(Loss) of Associates : 5,923 6,619
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 75,235 40,935
% Change over Last Period : +83.79%
EPS/(LPS)-Basic : 5.02 cents 2.74 cents
-Diluted : 4.99 cents N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 75,235 40,935
Interim Dividend per Share : 0.01 cent Nil
(Specify if with other options) : - -
B/C Dates for Interim Dividend : 8/10/2001 to 12/10/2001 bdi.
Payable Date : on or about 17/10/2001
B/C Dates for (-) General Meeting : -
Other Distribution for Current Period : -
B/C Dates for Other Distribution : -

Remarks:

(1) Earnings per share

The calculation of the basic and diluted earnings per share is based on
the following data:
Six months
ended 30th June,
2001 2000
HK$'000 HK$'000
Profit for the period and earnings for the
purposes of basic and diluted earnings per
share 75,235 40,935
===== =====

Number of shares
2001 2000
Weighted average number of ordinary
shares for the purposes of basic
earnings per share 1,497,372,615 1,496,459,428
Effect of dilutive share options 10,335,016 -
-------------- -------------
Weighted average number of ordinary shares
for the purposes of diluted
earnings per share 1,507,707,631 1,496,459,428
============= =============

(2) Profit from operations and finance cost

Profit from operations and finance cost for the six months ended 30/6/2000
have been adjusted because of the reclassification of certain expenses
from general and administrative expenses to finance cost.