G-Resources Group Limited — Earnings Release 2001

Mar 29, 2001

Listed Company Information

STAR BIO-TECH<1051> - Results Announcement Star Bio-Tech (Holdings) Limited announced on 28/3/2001: (stock code: 1051) Please refer to the press announcement for the details of the auditors' review report on the interim financial statement, issued by the Company on 29/3/2001. Year end date: 30/6/2001 Currency: HK$ (Unaudited) (Unaudited) Last Current Corresponding (Unaudited) Period Period 6-month ended from 1/7/2000 from 1/7/1999 from 1/4/1999 to 31/12/2000 to 31/12/1999 to 30/9/1999 ('000) ('000) ('000) Turnover : 13,873 5,463 4,395 Profit/(Loss) from Operations : (31,081) (10,745) (25,475) Finance cost : (1,935) (4,989) N/A Share of Profit/(Loss) of Associates : NIL NIL (451) Share of Profit/(Loss) of Jointly Controlled Entities : NIL NIL NIL Profit/(Loss) after Tax & MI : (31,416) (15,178) (25,926) % Change over Last Period : N/A EPS/(LPS)-Basic : (0.23 cent) (1.20 cents) (2.06 cents) -Diluted : NIL NIL NIL Extraordinary (ETD) Gain/ (Loss) : NIL NIL NIL Profit/(Loss) after ETD Items : (31,416) (15,178) (25,926) Interim Dividend per Share: NIL NIL NIL (Specify if with other options) : - - - 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) An analysis of turnover and profit/(loss) from continuing operations and discontinued operations Continuing Discontinued operations operations HK$'000 HK$'000 Turnover 13,873 NIL Profit/(Loss) (31,416) NIL (2) Loss Per Share The calculation of the basic loss per share is based on the net loss for the period from 1st July, 2000 to 31st December, 2000 of HK$31,416,000 (1.7.1999 to 31.12.1999: loss of HK$15,178,000, 1.4.1999 to 30.9.1999: loss of HK$25,926,000) and on the weighted average number of 13,449,180,892 (1.7.1999 to 31.12.1999: weighted average number of 1,261,264,520, 1.4.1999 to 30.9.1999: weighted average number of 1,261,264,520) shares in issue after adjustment for the share consolidation on 14th June, 2000 to consolidate every two issued shares into one share. No diluted loss per share for the six months ended 31st December, 2000 has been presented as the exercise of the share options would result in a decrease in the loss per share for the current period. No diluted loss per share for the six months ended 31st December, 1999 has been presented as the exercise prices of the share options were greater than the market prices of the Company's shares during the prior period. (3) Please note that the Company has changed its financial year end date from 31 March to 30 June. The current period's result covers six months to December, 2001 whereas comparative figures covered results for six months to December 1999 which was not audited nor announced before. For more details, please refer to the press announcement today.