Guoco Group Limited — Earnings Release 2002

Jul 19, 2002

Listed Company Information

FE HOTELS<00037> - Results Announcement (Summary) Far East Hotels & Entertainment Limited announced on 19/7/2002: (stock code: 37) Year end date: 31/3/2002 Currency: HKD Auditors' Report: Unqualified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/4/2001 from 1/4/2000 to 31/3/2002 to 31/3/2001 Turnover : 23,688,888 27,703,290 Profit/(Loss) from Operations : (20,933,874) (11,972,254) Finance cost : (4,910,179) (3,998,746) Share of Profit/(Loss) of Associates : (957,278) (3,400,613) Share of Profit/(Loss) of Jointly Controlled Entities : NIL NIL Profit/(Loss) after Tax & MI : (25,344,197) (18,340,844) % Change over Last Period : N/A EPS/(LPS)-Basic : (5.18 cents) (3.75 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : NIL NIL Profit/(Loss) after ETD Items : (25,344,197) (18,340,844) 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 : 21/8/2002 to 23/8/2002 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remark: 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$25,344,197 (2001: HK$18,340,844) and on the 488,842,675 (2001: 488,842,675) 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 31 March 2001 and 2002.