Folangsi Co., Ltd — Earnings Release 2003

Apr 8, 2004

Listed Company Information

Listed Company Information
CHINA RES LAND<01109> - Results Announcement China Resources Land Limited announced on 8/4/2004: (stock code: 01109 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 31/12/2003 to 31/12/2002 Note ('000 ) ('000 ) Turnover : 1,252,282 1,130,158 Profit/(Loss) from Operations : 63,342 (20,176) Finance cost : (34,362) (5,009) Share of Profit/(Loss) of Associates : 7,402 20,869 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 78,871 105,636 % Change over Last Period : -25.34 % EPS/(LPS)-Basic (in dollars) : 0.052 0.07 -Diluted (in dollars) : 0.052 0.07 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 78,871 105,636 Final Dividend : 2.7 cents 2.7 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 24/5/2004 to 28/5/2004 bdi. Payable Date : 30/6/2004 B/C Dates for Annual General Meeting : 24/5/2004 to 28/5/2004 bdi. 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: 2003 2002 HK$'000 HK$'000 Earnings Earnings for the purposes of basic and diluted earnings per share (net profit for the year)78,871 105,636 ====== ======= 2003 2002 Number of shares Weighted average number of ordinary shares for the purposes of basic earnings per share 1,502,667,428 1,502,246,858 Effect of dilutive potential ordinary shares - Share options - 2,932,058 -------- --------- Weighted average number of ordinary shares for the purposes of diluted earnings per share1,502,667,428 1,505,178,916 ============ ============= 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 2003 and 2002. The computation of diluted earnings per share does not assume the exercise of share options as the average market prices of shares is lower than the exercise price of share options for 2003. The adjustment to comparative basic and diluted earnings per share, arising from the changes in accounting policies is as follows:- Basic Diluted HK cents HK cents Reconciliation of 2002 earnings per share: Reported figures before adjustments 5.0 5.0 Adjustments arising from the adoption of SSAP 12 (Revised) 2.0 2.0 ------- ------ Restated 7.0 7.0 ===== ==== 2. Due to adoption of new and revised SSAP, last year's comparative figures have been restated to conform with the current year's presentation.