Great Eagle Holdings Limited — Earnings Release 2000

Mar 23, 2001

Listed Company Information

TIAN AN<0028> - Results Announcement Tian An China Investments Company Limited announced on 23/3/2001: (stock codes: Ord: 28 & War: 565) Year end date: 31/12/2000 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 31/12/2000 to 31/12/1999 ('000) ('000) Turnover : 966,733 513,928 Profit/(Loss) from Operations : 86,230 10,376 Finance cost : (30,260) (37,946) Share of Profit/(Loss) of Associates : 904 10,278 Share of Profit/(Loss) of Jointly Controlled Entities : 47,472 14,035 Profit/(Loss) after Tax & MI : 67,919 10,637 % Change over Last Period : +539% EPS/(LPS)-Basic : 1.4 cents 0.3 cent -Diluted : 1.4 cents 0.3 cent Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 67,919 10,637 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 the sale of development properties and the sale of goods, rental income, interest income, income from hotel and property management and commission from agency services. 2. Earnings per share The calculation of basic and diluted earnings per share is based on the following data: 2000 1999 HK$'000 HK$'000 Earnings Earnings for the purposes of basic and diluted earnings per share 67,919 10,637 ====================== Number of Shares 2000 1999 Weighted average number of ordinary shares for the purposes of basic earnings per share 4,899,739,368 3,630,176,247 Effect of dilutive potential ordinary shares: Warrants (expired on 25th February, 2000) 26,627,724 80,045,919 ---------- ----------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 4,926,367,092 3,710,222,166 ============================= There was no bonus element in the rights issue approved on 13th October, 2000. Accordingly, no adjustment is made on the number of ordinary shares issued in calculating the basic earnings per share for both years 2000 and 1999. 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 other warrants as the exercise prices are higher than the average market price per share.