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Grand Pharmaceutical Group Limited Earnings Release 2000

Sep 20, 2000

49262_rns_2000-09-20_42eee7ed-330c-4401-ac58-52d72fb3fb09.htm

Earnings Release

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Listed Company Information

CHINA APOLLO<0512> - Results Announcement

China Apollo Holdings Limited announced on 20/9/2000:
(stock code: 512)
Year end date: 31/12/2000
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/1/2000 from 1/1/1999
to 30/6/2000 to 30/6/1999
('000) ('000)
Turnover : 89,613 81,026
Profit/(Loss) from Operations : (63,683) (13,575)
Finance Income, net : 717 1,386
Share of Profit/(Loss) of Associates : (2,723) (845)
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (64,660) (13,222)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (7.93 cents) (1.62 cents)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : Nil Nil
Profit/(Loss) after ETD Items : (64,660) (13,222)
Interim Dividend per Share : Nil Nil
(Specify if with other options) : Nil Nil
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) Loss per share

The calculation of loss per share for the six months ended 30th June, 2000
was based on the consolidated loss attributable to shareholders of
approximately HK$64,660,000 (1999 - loss of HK$13,222,000) and the
815,100,000 shares (1999 - 815,100,000 shares) in issue during the period.

Diluted loss per share for 2000 and 1999 are not shown as there was no
dilution effect on the potential ordinary shares arising from the exercise
of the outstanding share options because the exercise prices of the share
options were greater than the average market prices.

(2) Comparative figures

Since the Group has adopted the revised Statement of Standard Accounting
Practice ("SSAP") no. 1 (Presentation of Financial Statements), certain
comparative figures in 1999 have been reclassified to conform to the
current period's presentation.