Folangsi Co., Ltd — Earnings Release 2001

Apr 12, 2002

Listed Company Information

CHINA RES LAND<01109> - Results Announcement (Summary) China Resources Land Limited announced on 12/4/2002: (stock code: 1109) Year end date: 31/12/2001 Currency: HK$ Auditors' Report: Neither Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2001 from 1/1/2000 to 31/12/2001 to 31/12/2000 ('000) ('000) Turnover : 3,421,068 1,632,069 Profit/(Loss) from Operations : 72,106 209,723 Finance cost : (17,420) (8,622) Share of Profit/(Loss) of Associates : (17,928) (15,710) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 160,115 97,254 % Change over Last Period : +64.64% EPS/(LPS)-Basic : 10.7 cents 6.5 cents -Diluted : 10.6 cemts - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 160,115 97,254 Final Dividend per Share : 1.2 cents 2 cents (Specify if with other options) : - - B/C Dates for Final Dividend : 27/5/2002 to 31/5/2002 bdi. Payable Date : 3/6/2002 B/C Dates for Annual General Meeting : 27/5/2002 to 31/5/2002 bdi. Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remark: Earnings per share The calculation of the basic and diluted earnings per share is based on the following data: Earnings 2001 2000 HK$'000 HK$'000 Earnings for the purposes of basic and diluted earning per share (net profit for the year) 160,115 97,254 ======= ======= Number of shares 2001 2000 HK$'000 HK$'000 Weighted average number of ordinary shares for the purposes of basic earnings per share 1,497,866,633 1,496,459,428 Effect of dilutive potential ordinary shares: Share options 11,236,108 - ------------------------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 1,509,102,741 1,496,459,428 =============================== The computation of diluted earnings per share does not assume the conversion of the Company's convertible bonds as the conversion price of those convertible bonds is higher than the average market price for shares for both 2001 and 2000.