Great Eagle Holdings Limited — Earnings Release 2003

Sep 4, 2003

Listed Company Information

TIAN AN<00028> - Results Announcement Tian An China Investments Company Limited announced on 4/9/2003: (stock code: 00028 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 30/6/2003 to 30/6/2002 Note ('000 ) ('000 ) Turnover : 415,968 468,231 Profit/(Loss) from Operations : 62,581 122,911 Finance cost : (22,668) (39,164) Share of Profit/(Loss) of Associates : 1,355 2,450 Share of Profit/(Loss) of Jointly Controlled Entities : 26,060 9,373 Profit/(Loss) after Tax & MI : 13,160 28,075 % Change over Last Period : -53 % EPS/(LPS)-Basic (in dollars) : 0.002 0.003 -Diluted (in dollars) : 0.002 0.003 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 13,160 28,075 Interim Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Turnover represents the aggregate of proceeds on the sale of property development, property investment, sales of construction materials and other operations. 2. Profit from operations for both year includes the share of results of jointly controlled entities because the jointly controlled entities are mainly engaged in property development and investment. 3. Earnings per share The calculation of the basic and diluted earning per share is based on the net profit for the period of HK$13,160,000 (2002 : HK$28,075,000) and on 8,490,704,582 (2002 : weighted average of 8,490,704,365) ordinary shares in issue during the period. The computation of diluted earnings per share for both periods does not assume the exercise of the Company's outstanding warrants as the exercise price is higher than the average market price per share. The computation of diluted earnings per share for the six months ended 30th June, 2002 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. The computation of diluted earnings per share for the six months ended 30th June, 2002 does not assume the exercise of the Company's outstanding share options as the exercise price is higher than the average market price per share.