Folangsi Co., Ltd — Earnings Release 2004

Apr 7, 2005

Listed Company Information

Listed Company Information
CHINA RES LAND<01109> - Results Announcement China Resources Land Limited announced on 07/04/2005: (stock code: 01109 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2004 from 01/01/2003 to 31/12/2004 to 31/12/2003 Note ('000 ) ('000 ) Turnover : 2,408,793 1,252,282 Profit/(Loss) from Operations : 196,521 63,342 Finance cost : (28,636) (34,362) Share of Profit/(Loss) of Associates : 19,989 7,402 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 150,150 78,871 % Change over Last Period : +90.37 % EPS/(LPS)-Basic (in dollars) : 0.1 0.052 -Diluted (in dollars) : 0.1 0.052 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 150,150 78,871 Final Dividend : 3.0 cents 2.7 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 21/06/2005 to 27/06/2005 bdi. Payable Date : 15/07/2005 B/C Dates for Annual General Meeting : 21/06/2005 to 27/06/2005 bdi. 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: 2004 2003 HK$'000 HK$'000 Earnings Earnings for the purposes of basic and diluted earnings per share (net profit for the year) 150,150 78,871 ======================= 2004 2003 Number of shares Number of ordinary shares for the purposes of basic earnings per share 1,502,667,428 1,502,667,428 Effect of dilutive potential ordinary shares - Share options 4,760,350 - - Convertible bonds 217,249 - ----------------------------------------- Number of ordinary shares for the purposes of diluted earnings per share 1,507,645,027 1,502,667,428 ========================================= The computation of diluted earnings per share for year 2003 did not assume the conversion of the Company's convertible bonds since their exercise would result in an increase in earnings per share for 2003. The computation of diluted earnings for year 2003 per share does not assume the exercise of share options as the average market prices of shares was lower than the exercise price of share options for 2003.