Hony Media Group — Earnings Release 2002

Sep 25, 2002

Listed Company Information

CHINA STRATEGIC<00235> - Results Announcement (Summary) China Strategic Holdings Limited announced on 25/9/2002: (stock codes: Ord: 235 & War: 1216) Year end date: 31/12/2002 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 30/6/2002 to 30/6/2001 ('000) ('000) Turnover : 1,706,190 1,869,118 (Loss) from Operations : (187,694) (35,576) Finance cost : (53,809) (46,143) Share of (Loss) of Associates : (25,374) (1,521) Share of Profit/(Loss) of Jointly Controlled Entities : - - (Loss) after Tax & MI : (153,699) (24,774) % Change over Last Period : N/A EPS/(LPS)-Basic : (32.9 cents) (5.4 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - (Loss) after ETD Items : (153,699) (24,774) Interim Dividend per Share : Nil Nil (Specify if with other options) : - - B/C Dates for Interim Dividend : N/A Payable Date : - 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 PER SHARE The calculation of the basic loss per share is based on the net loss for the period of HK$153,699,000 (HK$24,774,000 for the six months ended 30th June, 2001) and on the adjusted weighted average of 467,586,677 (460,978,942 for the six months ended 30th June, 2001) ordinary shares in issue during the period. The computation of diluted loss per share does not assume the exercise of the share options as their exercise would result in a decrease in loss per share. 2. INTERIM DIVIDEND The directors do not recommend the payment of a dividend for six months ended 30th June, 2002 (2001:Nil) 3. For the six months ended 30 June 2001, Net gain on disposal of interest in subsidiaries of HK$9,953,000 and Net loss on disposal/dilution of interest in associates of HK$275,000 were reclassified from Loss from operations and were separately disclosed in the income statement.