IRC Limited — Interim / Quarterly Report 2002

Apr 19, 2002

Listed Company Information

LAI SUN DEV<00488> - Results Announcement (Summary) Lai Sun Development Company Limited announced on 19/4/2002: (stock code: 488) Year end date: 31/7/2002 Currency: HK$ Auditors' Report: Neither Review of Interim Report by: Audit Committee (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/8/2001 from 1/8/2000 to 31/1/2002 to 31/1/2001 Turnover : 546,515,000 801,244,000 Profit/(Loss) from Operations : 155,694,000 (718,750,000) Finance cost : (306,232,000) (305,604,000) Share of Profit/(Loss) of Associates : (116,452,000) (84,697,000) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (289,557,000) (1,125,883,000) % Change over Last Period : N/A EPS/(LPS)-Basic : ($0.08) ($0.30) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (289,557,000) (1,125,883,000) Interim Dividend per Share : NIL NIL (Specify if with other options) : - - B/C Dates for Interim Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) COMPARATIVE AMOUNTS Due to the adoption of certain new and revised SSAPs during the current period, the accounting treatment and presentation of certain items and balances in the financial statements have been revised to comply with the new requirements. Accordingly, a prior year adjustment has been made and certain comparative amounts have been reclassified to conform with the current period's presentation. (2) LOSS PER SHARE The calculations of basic loss per share are based on: Six months ended 31/1/2002 31/1/2001 (Unaudited) (Unaudited) HK$'000 HK$'000 Loss used in basic loss per share calculation 289,557 1,125,883 ========================= '000 '000 Weighted average number of ordinary share in issue during the period used in basic loss per share calculation 3,746,002 3,746,002 ========================= The diluted loss per share for the current and prior periods has not been presented because any potential ordinary shares of the Group outstanding during these periods had an anti-dilutive effect on the basic loss per share for these periods.