Greenheart Group Limited — Earnings Release 1999

Apr 20, 2000

Listed Company Information

ANKOR GROUP<0059> - Results Announcement Ankor Group Limited announced on 19/4/2000: (stock code: 59) The accounts which contain the following results are modified by the Company's auditor. For more details, please refer to the press announcement issued by the Company on 20/4/2000. Year end date: 31/12/1999 Currency: HKD (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 : 116,514 195,417 - Discontinued : 22,299 43,073 Operating Profit/(Loss) - Continuing : (36,435) (74,589) - Discontinued : (58,623) (2,904) Total Operating Profit/(Loss) : (95,058) (77,493) Share of Profit/(Loss) of Associated Companies : 1,267 (1,279) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (92,691) (78,772) % Change over Last Period : N/A EPS/(LPS)-Basic : (11.9 cents) (10.1 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (92,691) (78,772) Final Dividend per Share : Nil Nil (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : To be advised Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) The auditors have modified their audit report giving reference to the fundamental uncertainty relating to the basis of preparation of the accounts and the group's dependence upon sufficient capital injections to ensure that adequate finance is available to meet the group's future working capital requirements which in turn is dependent on the completion of the Subscription Agreement. In consideration that appropriate disclosures regarding this uncertainty have been included in the accounts, the auditors have not qualified their opinion. (2) "Turnover-discontinued" represented turnover for commercial vehicle operations which was sold during the year. (3) "Loss-discontinued" represented loss on disposal of properties and business of HK$56,359,000 and normal trading loss of HK$1,164,000 in respect of the sales of commercial vehicle operations. For more details, please refer to the press announcement today.