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G-Resources Group Limited Earnings Release 2001

Mar 26, 2001

49648_rns_2001-03-26_13f59439-a309-46fd-9329-d2975247c1ee.htm

Earnings Release

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Listed Company Information

PALADIN<0495> - Results Announcement

Paladin Limited announced on 26/3/2001:
(stock code: 495)

Please refer to the press announcement for the details of the audit
committee's review report on the interim financial statement, to be
issued by the Company on 27/3/2001.

Year end date: 30/6/2001
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/7/2000 from 1/7/1999
to 31/12/2000 to 31/12/1999
('000) ('000)
Turnover : 1,071 23,296
Profit/(Loss) from Operations : (8,671) (12,029)
Finance cost : (44,971) (42,514)
Share of Profit/(Loss) of Associates : Nil Nil
Share of Profit/(Loss) of
Jointly Controlled Entities : Nil Nil
Profit/(Loss) after Tax & MI : (53,642) (54,543)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (10.15 cents) (10.32 cents)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : Nil Nil
Profit/(Loss) after ETD Items : (53,642) (54,543)
Interim Dividend per Share : Nil Nil
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A

Remarks:

(1) Taxation

No provision for Hong Kong Profits Tax has been made in the condensed
financial statements as the Company and its subsidiaries had no assessable
profit for both periods.

(2) Basic Loss Per Share

The calculation of the basic loss per share is based on the net loss for
the period of HK$53,642,000 (1999: HK$54,543,000) and on 528,271,615
(1999: 528,271,615) ordinary shares in issue during the periods.

(3) Comparative Figures

Certain comparative figures have been reclassified to conform with the
current period's presentation.