Great Eagle Holdings Limited — Earnings Release 1999

Apr 18, 2000

Listed Company Information

TIAN AN<0028> - Results Announcement Tian An China Investments Company Limited announced on 18/4/2000: (stock code: 28) Year end date: 31/12/1999 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 31/12/1999 to 31/12/1998 ('000) ('000) Turnover - Continuing : 513,928 566,251 - Discontinued : - - Operating Profit/(Loss) - Continuing : 10,376 74,514 - Discontinued : - - Total Operating Profit/(Loss) : 10,376 74,514 Share of Profit/(Loss) of Associated Companies : 10,278 10,358 Share of Profit/(Loss) of Jointly Controlled Entities : 14,035 42,273 Profit/(Loss) after Tax & MI : 10,637 50,476 % Change over Last Period : -78.9% EPS/(LPS)-Basic : 0.3 cent 2.6 cents -Diluted : 0.3 cent N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 10,637 50,476 Final Dividend per Share : NIL NIL (Specify if with other options) : - - B/C Dates for Final 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 proporties, 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 current year's presentation. (2) Earnings per share The calculation of basic and diluted earnings per share is based on the following data: 1999 1998 HK$'000 HK$'000 Earnings Earnings for the purposes of basic and diluted earnings per share 10,637 50,476 ======= ======= 1999 1998 Number of Shares Weighted average number of ordinary shares for the purposes of basic earnings per share 3,630,176,247 1,930,213,820 Effect of dilutive potential ordinary shares: Warrants (expiring on 25th February, 2000 80,045,919 - ------------- ------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 3,710,222,166 1,930,213,820 ============= ============= There was no bonus element in the rights issue made on 15th February, 1999. Accordingly, no adjustment is made on the number of ordinary shares issued in calculating the basic earnings per share for both years 1999 and 1998. The computation of diluted earnings per share for the year 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 year does not assume the exercise of the Company's outstanding share options and warrants (expiring on 6th March, 2000) as the exercise price is higher than the average market price per share.