Folangsi Co., Ltd — Earnings Release 2002

Apr 17, 2003

Listed Company Information

CHINA RES LAND<01109> - Results Announcement China Resources Land Limited announced on 17/04/2003: (stock code: 01109 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 1,130,158 3,421,068 Profit/(Loss) from Operations : (20,176) 72,106 Finance cost : (5,009) (17,420) Share of Profit/(Loss) of Associates : 20,869 (17,928) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 74,749 160,115 % Change over Last Period : -53.32 % EPS/(LPS)-Basic (in dollars) : 0.05 0.107 -Diluted (in dollars) : 0.05 0.106 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 74,749 160,115 Final Dividend : 2.7 cents 1.2 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 23/06/2003 to 27/06/2003bdi. Payable Date : 04/07/2003 B/C Dates for Annual General Meeting : 23/06/2003 to 27/06/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Earnings per share The calculation of the basic and diluted earnings per share is based on the following data: 2002 2001 HK$'000 HK$'000 Earnings Earnings for the purposes of basic and diluted earnings per share (net profit for the year) 74,749 160,115 ======= ======== 2002 2001 Number of shares Weighted average number of ordinary shares for the purposes of basic earnings per share 1,502,246,858 1,497,866,633 Effect of dilutive potential ordinary shares - Share options 2,932,058 11,236,108 -------------- -------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 1,505,178,916 1,509,102,741 ============== =============== 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 2002 and 2001.