i-Cable Communications Limited — Earnings Release 2003

Mar 11, 2004

Listed Company Information

I-CABLE COMM<01097> - Results Announcement i-Cable Communications Limited announced on 11/03/2004: (stock code: 01097 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2003 from 01/01/2002 to 31/12/2003 to 31/12/2002 Note ('000 ) ('000 ) Turnover : 2,142,813 2,160,788 Profit/(Loss) from Operations : 250,610 226,435 Finance cost : (15,610) (62,463) 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 : 220,458 117,259 % Change over Last Period : +88.01 % EPS/(LPS)-Basic (in dollars) : 0.109 0.058 -Diluted (in dollars) : 0.109 0.058 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 220,458 117,259 Final Dividend : 4.0 cents 1.5 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 05/05/2004 to 12/05/2004bdi. Payable Date : 19/05/2004 B/C Dates for Annual General Meeting : 05/05/2004 to 12/05/2004bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) The turnover of HK$2,143 million for the year ended 31st December, 2003 and HK$2,161 million for the previous year were both generated from continuing operations. (2) The profit from operations of HK$251 million for the year ended 31st December, 2003 and HK$226 million for the previous year were both generated from continuing operations. Profit from operations was arrived at after charging: 2003 2002 HK$'000 HK$'000 Depreciation 538,599 504,258 Amortisation of programming library 95,152 152,861 Interest on borrowings 15,610 62,463 Impairment loss on investments - 72,870 --------- --------- (3) The calculation of basic earnings per share was based on the profit attributable to shareholders of HK$220 million (2002: HK$117 million) and the weighted average number of ordinary shares in issue during the year of 2,019,234,400 (2002: 2,016,284,165). The calculation of diluted earnings per share was based on the weighted average number of ordinary shares of 2,019,234,400 (2002: 2,026,931,374) after adjusting for the effects of all dilutive potential ordinary shares.