JD Logistics, Inc. — Earnings Release 2003

Mar 25, 2004

Listed Company Information

MIDAS INT'L<01172> - Results Announcement (Summary) Midas International Holdings Limited announced on 25/03/2004: (stock code: 01172 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: Unqualified (Restated) (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 : 675,237 574,090 Profit/(Loss) from Operations : 65,930 55,954 Finance cost : (6,257) (4,104) 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 : 52,362 49,772 % Change over Last Period : +5.2 % EPS/(LPS)-Basic (in dollars) : 0.105 0.114 -Diluted (in dollars) : 0.091 0.084 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 52,362 49,772 Final Dividend : 3.0 cents 2.8 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 18/05/2004 to 20/05/2004bdi. Payable Date : 03/06/2004 B/C Dates for Annual General Meeting : 18/05/2004 to 20/05/2004bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. EARNINGS PER SHARE The calculation of the basic and diluted earnings per share is based on the following data: 2003 2002 HK$'000 HK$'000 (restated) Net profit for the year 52,362 49,772 Dividend on preference shares (3,801) (6,142) ------- ----------- Earnings for the purposes of basic earnings per share 48,561 43,630 Effect of dilutive potential ordinary shares: - Dividend on convertible preference shares - 1,128 ------- ----------- Earnings for the purposes of diluted earnings per share 48,561 44,758 ======= =========== Number of shares Weighted average number of ordinary shares for the purposes of basic earnings per share 462,821,575 382,780,479 ------------ ------------ Effect of dilutive potential ordinary shares: - Convertible preference shares 71,408,219 150,509,589 - Share options 10,818 6,292 ------------ ------------ Weighted average number of ordinary shares for the purposes of diluted earnings per share 534,240,612 533,296,360 ============ ============ 2. ADJUSTMENT OF THE LAST CORRESPONDING RESULTS In the current year, the Group has adopted Statements of Standard Accounting Practice 12 (Revised) "Income Taxes", which comes into effect for the accounting period beginning on or after 1st January, 2003. In the absence of any specific transitional requirements in SSAP 12 (Revised), the new accounting policy has been applied retrospectively. Comparative amounts for 2002 have been restated accordingly. The effect of the change is a decrease in the profit of approximately HK$901,000 for the year ended 31st December, 2002.