Folangsi Co., Ltd — Earnings Release 2003

Sep 16, 2003

Listed Company Information

CHINA RES LAND<01109> - Results Announcement China Resources Land Limited announced on 16/09/2003: (stock code: 01109 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2003 from 01/01/2002 to 30/06/2003 to 30/06/2002 Note ('000 ) ('000 ) Turnover : 304,721 392,263 Profit/(Loss) from Operations : 70,940 94,200 Finance cost : (23,113) (9,808) Share of Profit/(Loss) of Associates : 3,206 (757) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 57,261 79,213 % Change over Last Period : -27.71 % EPS/(LPS)-Basic (in dollars) : 0.0381 0.0527 -Diluted (in dollars) : N/A 0.0525 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 57,261 79,213 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. Earnings per share The calculation of the basic and diluted earnings per share is based on the following data: Six months ended 30th June, 2003 2002 HK$'000 HK$'000 Net profit for the period and earnings for the purposes of basic and diluted earnings per share 57,261 79,213 =========================== Number of shares 2003 2002 Weighted average number of shares for the purposes of basic earnings per share 1,502,667,428 1,501,819,318 Effect of dilutive share options -- 6,749,814 ---------------------------------- Weighted average number of shares for the purposes of diluted earnings per share 1,502,667,428 1,508,569,132 ================================== No diluted earnings per share has been presented for the six months ended 30th June, 2003 as the exercise price of the Company's options were higher than the average market price of the Company's shares during the period and the exercise of conversion of the Company's outstanding convertible bonds would not result in an increase in the net profit per share.