Hang Lung Group Limited — Earnings Release 1999

Mar 20, 2000

Listed Company Information

PAC CENT CYBER<1186> - Results Announcement Pacific Century CyberWorks Limited announced on 20/3/2000: (stock code: 1186) 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 : 131,354 114,704 - Discontinued : 20,679 170,376 Operating Profit/(Loss) - Continuing : 372,316 10,768 - Discontinued : (35,559) (73,050) Total Operating Profit/(Loss) : 336,757 (62,282) Share of Profit/(Loss) of Associated Companies : (5,478) 825 Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 346,805 (62,038) % Change over Last Period : N/A EPS/(LPS)-Basic : 9.99 cents (13.44 cents) -Diluted : 7.05 cents N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 346,805 (62,038) Final Dividend per Share : Nil Nil (Specify if with other options) : - - B/C Dates for Final Dividend : - Payable Date : - B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remark: (1) Discontinued Operation The assets had been disposed of by Tricom to Star were all its interests in the issued share capital of the Disposed Companies. The principal activities of the Disposed Companies are the sales and marketing of, and the provision of technical services for, data communications products, systems integration and data networking, and wireless communications systems in Hong Kong and the PRC, as well as the CPE business and building automation systems in the PRC. (2) Earnings per share The calculation of basic and diluted earnings per share is based on the consolidated profit attributable to shareholders for the year of approximately HK$346,805,000 (1998: Loss HK$62,038,000). The basic earnings per share is based on the weighted average of 3,472,364,370 shares (1998: 461,712,603 shares) in issue during the year. The diluted earnings per share is based on 5,082,868,958 shares which is the weighted average number of shares in issue during the year plus the weighted average of 1,610,504,588 shares deemed to be issued at agreed exercise prices if all outstanding share options and convertible bonds were exercised and converted. There were no dilutive potential ordinary shares in existence during 1998. The weighted average number of ordinary shares in 1998 for the purposes of calculating the basic loss per share has been retrospectively adjusted for the five for one share conolidation which took place in 1999. 3. Certain of the 1998 comparative figures have been reclassified to conform to the current year's presentation.