JD Logistics, Inc. — Earnings Release 2002

Sep 23, 2002

Listed Company Information

MIDAS INT'L<01172> - Results Announcement (Summary) Midas International Holdings Limited announced on 23/9/2002: (stock code: 1172) Year end date: 31/12/2002 Currency: HK$ 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 : 205,526 238,833 Profit/(Loss) from Operations : 15,639 16,895 Finance cost : (1,802) (5,641) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 13,070 10,054 % Change over Last Period : +30% EPS/(LPS)-Basic : 2.7 cents 2.8 cents -Diluted : 2.0 cents 2.8 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 13,070 10,054 Interim Dividend per Share : NIL NIL (Specify if with other options) : - - B/C Dates for Interim Dividend : - Payable Date : - B/C Dates for (-) General Meeting : - Other Distribution for Current Period : NIL B/C Dates for Other Distribution : - Remark: EARNINGS PER SHARE The calculation of the basic and diluted earnings per share for the period is based on the following data: For the six months ended 30th June, 2002 2001 HK$'000 HK$'000 Net profit for the period 13,070 10,054 Dividend on preference shares (3,046) - -------- ------- Earnings for the purposes of basic earnings per share 10,024 10,054 Effect of dilutive potential ordinary shares: - Dividend on convertible preference shares 536 - -------- ------- Earnings for the purposes of diluted earnings per share 10,560 10,054 ======== ======= Number of shares Weighted average number of ordinary shares for the purposes of basic earnings per share 376,162,996 365,283,107 Effect of dilutive potential ordinary shares: - Convertible preference shares 157,127,072 - - Share options 12,689 161,484 -------- ------- Weighted average number of ordinary shares for the purposes of dilutive earnings per share 533,302,757 365,444,591 =========== ===========