Great Eagle Holdings Limited — Earnings Release 2000

Aug 24, 2000

Listed Company Information

TIAN AN<0028> - Results Announcement Tian An China Investments Company Limited announced on 24/8/2000: (stock code: 28) Year end date: 31/12/2000 Currency: HK$ (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 - Continuing : 292,632 110,868 - Discontinued : NIL NIL Operating Profit/(Loss) - Continuing : 13,475 13,904 - Discontinued : NIL NIL Total Operating Profit/(Loss) : 13,475 13,904 Share of Profit/(Loss) of Associated Companies : 1,814 7,393 Share of Profit/(Loss) of Jointly Controlled Entities : 33,811 2,099 Profit/(Loss) after Tax & MI : 21,149 3,186 % Change over Last Period : +564% EPS/(LPS)-Basic : 0.5 cent 0.1 cent -Diluted : 0.5 cent 0.1 cent Extraordinary (ETD) Gain/(Loss) : NIL NIL Profit/(Loss) after ETD Items : 21,149 3,186 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) Turnover Turnover represents the aggregate of proceeds on sales of development properties, proceeds from sales of goods, income from hotel and property management and commission from agency services. The comparative figures have been realigned to conform with the presentation of current year. (2) Earnings per share The calculation of basic and diluted earnings per share is based on the following data: Six months ended 30th June, 2000 1999 HK$'000 HK$'000 Earnings Earnings for the purposes of basic and diluted earnings per share 21,149 3,186 ----------------------- Six months ended 30th June, 2000 1999 Number of Shares Weighted average number of ordinary shares for the purposes of basic earnings per share 4,138,455,842 3,380,540,252 Effect of dilutive potential ordinary shares: Warrants (expiring on 25th February, 2000) 53,548,061 5,786,239 ----------------------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 4,192,003,903 3,386,326,491 ============================= The computation of diluted earnings per share for the six months ended 30th June, 2000 does not assume the conversion of the Company's outstanding convertible loan notes since their exercise would result in an increase in earnings per share from continuing ordinary operations. The computation of diluted earnings per share for the six months ended 30th June, 2000 does not assume the exercise of the Company's outstanding share options and warrants (expiring on 6th March, 2000) as the exercise prices are higher than the average market price per share. (3) Total operating profit The total operating profit for the period is presented before finance costs of HK$12,968,000 (1999: HK$18,360,000).