Hony Media Group — Earnings Release 2000

Apr 23, 2001

Listed Company Information

CHINA STRATEGIC<0235> - Results Announcement China Strategic Holdings Limited announced on 23/4/2001: (stock code: 235) Year end date: 31/12/2000 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 31/12/2000 to 31/12/1999 ('000) ('000) Turnover : 3,158,058 3,750,224 Profit/(Loss) from Operations : (712,249) 1,216,195 Finance cost : (88,487) (96,938) Share of Profit/(Loss) of Associates : (12,147) (12,993) Share of Profit/(Loss) of Jointly Controlled Entities : - (12,623) Profit/(Loss) after Tax & MI : (730,682) 1,047,596 % Change over Last Period : N/A EPS/(LPS)-Basic : (15.91 cents) 23.39 cents -Diluted : N/A 23.33 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (730,682) 1,047,596 Final Dividend per Share : Nil 1 cent (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 (-) General Meeting : N/A Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: 1. (LOSS) EARNINGS PER SHARE The calculation of the basic (loss) earnings per share is based on the net loss for the year of HK$730,682,000 (1999: a profit of HK$1,047,596,000) and on the weighted average of 4,593,759,557 (1999: 4,478,053,804) ordinary shares in issue during the year. No disclosure of the diluted loss per share has been calculated for the current year as the exercise of the share options would result in a decrease in loss per share. The diluted earnings per share for 1999 was based on the net profit for the year of HK$1,047,596,000 and on the adjusted weighted average of 4,490,004,858 shares in issue for the year, after adjustment for the effect of dilutive potential ordinary shares on unexercised share options. 2. DIVIDEND The directors do not recommend the payment of a final dividend for the year ended 31st December, 2000 (1999: 1 HK cent* per share). * Following the release of the final results announcement of the Company on teletext on 23/4/2001, the Company subsequently notified the Exchange that due to typo mistake made by the Company, the dividend figure for the year 1999 as mentioned above should be 1 HK cent per share instead of 0.01 HK cent per share as previously reported. 3. PROFIT / (LOSS) FROM OPERATIONS The profit from operations for the year ended 31st December, 1999 of HK$1,119,257 has been restated to read as HK$1,216,195 to comform with the current year presentation by excluding the finance cost of HK$96,938. Additional disclosure in respect of finance cost for the year ended 31st December, 1999 has been made to conform with the current year presentation. For more details, please refer to the press announcement today.