Great Eagle Holdings Limited — Earnings Release 2002

Mar 26, 2003

Listed Company Information

TIAN AN<00028> - Results Announcement Tian An China Investments Company Limited announced on 26/03/2003: (stock code: 00028 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 1,080,332 299,273 Profit/(Loss) from Operations : 253,462 65,396 Finance cost : (56,317) (39,161) Share of Profit/(Loss) of Associates : 2,595 2,041 Share of Profit/(Loss) of Jointly Controlled Entities : 118,309 116,809 Profit/(Loss) after Tax & MI : 97,198 102,782 % Change over Last Period : -5 % EPS/(LPS)-Basic (in dollars) : 0.011 0.012 -Diluted (in dollars) : 0.011 0.012 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 97,198 102,782 Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final 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 development properties, rental income, interest income on instalments receivable, income from property management, commission from agency services and sales of construction material. 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 basic and diluted earnings per share is based on the following data: 2002 2001 HK$'000 HK$'000 Earnings Earnings for the purposes of basic earnings per share 97,198 102,782 Effect of dilutive potential ordinary shares: Adjustment to the share of result of a subsidiary based on dilution of its earnings per share 0 (160) ---------- -------- Earnings for the purpose of dilutive earnings per share 97,198 102,622 ========= ======= 2002 2001 Number of Shares Weighted average number of ordinary shares for the purposes of basic and diluted earnings per share 8,490,704,474 8,490,678,716 ============== ============= The computation of diluted earnings per share for both years 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 both years does not assume the exercise of the company's outstanding share options and warrants as the exercise prices are higher than the average market price per share. 4. Comparative figures Certain comparative figures have been realigned to conform with the current year's presentation.