Guoco Group Limited — Earnings Release 2000

Aug 16, 2000

Listed Company Information

FE HOTELS<0037> - Results Announcement Far East Hotels & Entertainment Limited announced on 16/8/2000: (stock code: 37) Year end date: 31/3/2000 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/4/1999 from 1/4/1998 to 31/3/2000 to 31/3/1999 Turnover - Continuing : 36,486,184 37,240,075 - Discontinued : Nil Nil Operating Profit/(Loss) - Continuing : (10,998,728) (7,900,260) - Discontinued : Nil Nil Total Operating Profit/(Loss) : (10,998,728) (7,900,260) Share of Profit/(Loss) of Associated Companies : 409,118 (2,211,440) Share of Profit/(Loss) of Jointly Controlled Entities : Nil Nil Profit/(Loss) after Tax & MI : (10,757,517) (8,839,829) % Change over Last Period : N/A EPS/(LPS)-Basic : (2.20 cents) (1.81 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : Nil Nil Profit/(Loss) after ETD Items : (10,757,517) (8,839,829) 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 : 19/9/2000 to 22/9/2000 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: 1. Loss per share (a) Basic loss per share The calculation of basic loss per share is based on the Group's loss attributable to shareholders of HK$10,757,517 (1999: HK$8,839,829 as restated) and on the 488,842,675 (1999: the weighted average number of 488,841,842) shares in issue during the year. (b) Diluted loss per share No diluted loss per share has been presented because the exercise prices of the outstanding share options of the Company were greater than the average market price of shares for each of the two years ended 31st March, 1999 and 31st March, 2000 respectively. 2. Effect on prior year adjustments 1999 HK$ Loss as originally stated (9,346,757) - adoption of SSAP 24 (236,600) - change in accounting policy on SSAP 1 (Revised) 743,528 ----------- Loss as restated (8,839,829) ===========