Glorious Sun Enterprises Limited — Earnings Release 2001

Dec 12, 2000

Listed Company Information

GLORIOUS SUN<0393> - Results Announcement Glorious Sun Enterprises Limited announced on 12/12/2000: (stock code: 393) Year end date: 31/3/2001 Currency: HKD (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/4/2000 from 1/4/1999 to 30/9/2000 to 30/9/1999 ('000) ('000) Turnover : 1,581,097 1,614,892 Profit/(Loss) from Operations : 216,805 227,716 Finance cost : (19,802) (21,465) Share of Profit/(Loss) of Associates : 29,111 21,344 Share of Profit/(Loss) of Jointly Controlled Entities : 4,459 267 Profit/(Loss) after Tax & MI : 130,500 130,498 % Change over Last Period : +0.0015% EPS/(LPS)-Basic : 13.04 cents 13.05 cents -Diluted : 12.98 cents N/A Extraordinary (ETD) Gain/(Loss) : Nil Nil Profit/(Loss) after ETD Items : 130,500 130,498 Interim Dividend per Share : 3.30 cents 3.30 cents (Specify if with other options) : Nil Nil B/C Dates for Interim Dividend : 28/12/2000 to 2/1/2001 bdi. Payable Date : 4/1/2001 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) Earnings per share (a) Basic earnings per share The calculation of basic earnings per share is based on the net profit attributable to shareholders for the six months ended 30 September 2000 of HK$130,500,000 (1999: HK$130,498,000) and the weighted average of 1,000,584,000 (1999: 1,000,070,164) shares in issue during the period. (b) Diluted earnings per share The calculation of diluted earnings per share for 2000 is based on the net profit attributable to shareholders for the six months ended 30 September 2000 of HK$130,500,000 and the weighted average of 1,005,611,463 shares in issue during the period. Included in the earnings per share calculation is the weighted average number of 5,027,463 shares which are deemed to be issued at no consideration if all outstanding share options were exercised. As the subscription prices of the share options outstanding during the six months ended 30 September 1999 were higher than the respective average market price of the Company's shares during that period, there was no dilution effect on the basic earnings per share. (2) Comparative figures Due to the adoption of SSAP 2.101 "Presentation of Financial Statements", certain comparative figures have been extended to conform with the current period's presentation.