Great Eagle Holdings Limited — Earnings Release 2001

Sep 6, 2001

Listed Company Information

TIAN AN<00028> - Results Announcement (Summary) Tian An China Investments Company Limited announced on 6/9/2001: (stock codes: Ord: 28 & War: 565) Please refer to the press announcement for the details of the auditors' review report on the interim financial statement, to be issued by the Company on 7/9/2001. Year end date: 31/12/2001 Currency: HKD (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2001 from 1/1/2000 to 30/6/2001 to 30/6/2000 ('000) ('000) Turnover : 156,828 292,632 Profit/(Loss) from Operations : 327 13,475 Finance cost : (18,950) (12,968) Share of Profit/(Loss) of Associates : 4,047 1,814 Share of Profit/(Loss) of Jointly Controlled Entities : 89,074 33,811 Profit/(Loss) after Taxation & MI : 58,116 21,149 % Change over Last Period : +175% EPS/(LPS)-Basic : 0.7 cent 0.5 cent -Diluted : N/A 0.5 cent Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 58,116 21,149 Interim Dividend per Share : Nil Nil (Specify if with other options) : - - B/C Dates for Interim Dividend : - Payable Date : - B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remark: Earnings per share The calculation of the basic and diluted earnings per share is based on the following data: (Unaudited) Six months ended 30 June 2001 2000 ---- ----- HK$'000 HK$'000 Earnings Earnings for the purposes of basic and diluted earnings per share 58,116 21,149 ====== ======= Six months ended 30 June 2001 2000 ----- ----- Number of shares Weighted average number of ordinary shares for the purpose of basic earnings per share 8,490,658,332 4,138,455,842 Effect of dilutive potential ordinary shares: Warrants - 53,548,061 --------------- ------------ Weighted average number of ordinary shares for the purpose of diluted earnings per share 8,490,658,332 4,192,003,903 ============= ============= There was no bonus element in the rights issue approved on 13 October 2000. Accordingly, no adjustment is made on the number of ordinary shares issued in calculating the basic earning per share for the six months ended 30 June 2000. The computation of diluted earnings per share for the six months ended 30 June 2001 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 2001 does not assume the exericse of the Company's outstanding share options and warrants as the exercise prices and higher than the average market price per share.