i-Cable Communications Limited — Earnings Release 1999

Mar 21, 2000

Listed Company Information

I-CABLE COMM<1097> - Results Announcement i-Cable Communications Limited announced on 21/3/2000: (stock code: 1097) Year end date: 31/12/1999 Currency: HK Dollar (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 : 1,345,546 1,262,035 - Discontinued : - - Operating Profit/(Loss) - Continuing : (302,742) (389,277) - Discontinued : - - Total Operating Profit/(Loss) : (302,742) (389,277) Share of Profit/(Loss) of Associated Companies : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (387,243) (719,605) % Change over Last Period : N/A EPS/(LPS)-Basic : ($0.24) ($0.45) -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (387,243) (719,605) Final Dividend per Share : NIL N/A (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 : 14/6/2000 to 21/6/2000 bdi. Other Distribution for Current Period : NONE B/C Dates for Other Distribution : N/A Remarks: (1) The Company was incorporated on May 21, 1999 and on November 1, 1999 the Company became the holding company of the Group pursuant to a group reorganization. The Group resulting from the reorganization is regarded as a continuing entity and accordingly, the financial statements of the Group have been presented on the basis that the Company was the holding company of the Group for both years presented, rather than from November 1, 1999. (2) The calculation of basic loss per share is based on the net loss of HK$387,243,000 (1998: HK$719,605,000) and the weighted average of 1,644,926,000 (1998: 1,600,000,000) ordinary shares outstanding. The 1,600,000,000 ordinary shares outstanding as a result of the Group's reorganization prior to its initial public offering of its shares in November 1999, are included in the calculation of the weighted average number of shares as if those shares were outstanding since January 1, 1998. The issue of potential ordinary shares in connection with the Company's convertible notes would not give rise to an increase in loss per share and therefore had no dilutive effect on the calculation of diluted loss per share.