Guoco Group Limited — Earnings Release 2003

Jul 18, 2003

Listed Company Information

FE HOTELS<00037> - Results Announcement Far East Hotels and Entertainment Limited announced on 18/07/2003: (stock code: 00037 ) Year end date: 31/03/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/04/2002 from 01/04/2001 to 31/03/2003 to 31/03/2002 Note ($ ) ($ ) Turnover : 77,286,642 23,688,888 Profit/(Loss) from Operations : (8,215,135) (20,933,874) Finance cost : (5,339,219) (4,910,179) Share of Profit/(Loss) of Associates : 59,182,244 (957,278) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 38,264,144 (25,344,197) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.0783 (0.0518) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 38,264,144 (25,344,197) 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 Annual General Meeting : 25/08/2003 to 27/08/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Earnings (Loss) Per Share (a) Basic earnings (loss) per share The calculation of basic earnings (loss) per share is based on the Group's profit attributable to shareholders of HK$38,264,144 (2002: loss of HK$25,344,197) and on the 488,842,675 (2002: 488,842,675) shares in issue during the year. (b) Diluted earnings (loss) per share The computation of diluted earnings (loss) per share has not assumed the exercise of the outstanding share options of the Company since their exercise prices were greater than the average market price of shares for each of the two years ended 31 March 2003 and 2002.