Glorious Sun Enterprises Limited — Earnings Release 2000

Jul 25, 2000

Listed Company Information

GLORIOUS SUN<0393> - Results Announcement Glorious Sun Enterprises Limited announced on 25/7/2000: (stock code: 393) Year end date: 31/3/2000 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/4/1999 from 1/4/1998 to 31/3/2000 to 31/3/1999 ('000) ('000) Turnover - Continuing : 3,030,806 2,931,690 - Discontinued : 0 0 Operating Profit/(Loss) - Continuing : 428,428 362,695 - Discontinued : 0 0 Total Operating Profit/(Loss) : 428,428 362,695 Share of Profit/(Loss) of Associated Companies : 24,966 24,570 Share of Profit/(Loss) of Jointly Controlled Entities : 3,107 4,471 Profit/(Loss) after Tax & MI : 240,503 218,506 % Change over Last Period : +10.07% EPS/(LPS)-Basic : 24.04 cents 21.85 cents -Diluted : 23.76 cents N/A Extraordinary (ETD) Gain/(Loss) : NIL NIL Profit/(Loss) after ETD Items : 240,503 218,506 Final Dividend per Share : 7.50 cents 4.00 cents (Specify if with other options) : NIL NIL B/C Dates for Final Dividend : 25/8/2000 to 30/8/2000 bdi. Payable Date : 7/9/2000 B/C Dates for Annual General Meeting : 25/8/2000 to 30/8/2000 bdi. Other Distribution for Current Period : NIL B/C Dates for Other Distribution : N/A Remarks: (1) Operating profits Operating profits is arrived at before charging the finance cost as a result of the adoption of the revised Statement of Standard Accounting Practice No. 2.101 which was issued by the Hong Kong Society of Accountants on May 1999. Accordingly, the comparative figure for 1999 has also been restated to conform with current year's presentation. Such reclassification has no effect on the net profit attributable to shareholders and shareholders' fund. (2) 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 year of HK$240,503,000 (1999: HK$218,506,000) and the weighted average of 1,000,250,612 (1999: 1,000,064,000) shares in issue during the year. (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 year of HK$240,503,000 and the weighted average of 1,012,105,366 shares in issue during the year. Included in the earnings per share calculation is the weighted average number of 11,854,754 shares that are deemed to be issued at no consideration if all outstanding share options were exercised.