i-Cable Communications Limited — Earnings Release 2002

Mar 18, 2003

Listed Company Information

I-CABLE COMM<01097> - Results Announcement i-Cable Communications Limited announced on 18/3/2003: (stock code: 01097 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 2,160,788 1,930,999 Profit/(Loss) from Operations : 226,435 179,829 Finance cost : (62,463) (72,013) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 117,259 167,492 % Change over Last Period : -29.99 % EPS/(LPS)-Basic (in dollars) : 0.058 0.083 -Diluted (in dollars) : 0.058 0.083 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 117,259 167,492 Final Dividend : 1.5 cents 2.5 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 22/5/2003 to 29/5/2003 bdi. Payable Date : 3/7/2003 B/C Dates for Annual General Meeting : 22/5/2003 to 29/5/2003 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) The turnover of HK$2,161 million for the year ended 31st December, 2002 and HK$1,931 million for the previous year were both generated from continuing operations. (2) The profit from operations of HK$226.4 million for the year ended 31st December, 2002 and HK$179.8 million for the previous year were both generated from continuing operations. Profit from operations was arrived at after charging: 2002 2001 HK$'000 HK$'000 Depreciation 504,258 434,659 Amortization of programming library 152,861 103,253 (3) The calculation of basic earnings per share was based on the profit attributable to shareholders of HK$117 million (2001: HK$167 million) and the weighted average number of ordinary shares in issue during the year of 2,016,284,165 (2001: 2,014,000,000). The calculation of diluted earnings per share was based on the weighted average number of ordinary shares of 2,026,931,374 (2001: 2,022,501,763) after adjusting for the effects of all dilutive potential ordinary shares. The potential issue of ordinary shares in connection with the Company's convertible bonds would not give rise to a decrease in earnings per share and therefore had no dilutive effect on the calculation of diluted earnings per share.