Kerry Properties Limited — Earnings Release 1999

Feb 28, 2000

Listed Company Information

KERRY PPT<0683> - Results Announcement Kerry Properties Limited announced on 28/2/2000: (stock code: 683) Year end date: 31/12/1999 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 31/12/1999 to 31/12/1998 ('000) ('000) Turnover - Continuing : 2,342,175 2,907,080 - Discontinued : - - Operating Profit - Continuing : 1,046,524 1,210,941 - Discontinued : - - Total Operating Profit : 1,046,524 1,210,941 Share of Profit of Associated Companies : 271,059 113,292 Share of Profit of Jointly Controlled Entities : - - Profit after Tax & MI : 1,232,602 1,203,399 % Change over Last Period : +2% EPS-Basic : 110.25 cents 116.52 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit after ETD Items : 1,232,602 1,203,399 Final Dividend per Share : 20 cents 20 cents (Specify if with other options) : (scrip (scrip alternative) alternative) B/C Dates for Final Dividend : 3/4/2000 to 10/4/2000 bdi. Payable Date : 23/5/2000 B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) A general provision of HK$150 million made against the Group's property development portfolio was included in 'Operating Profit-Continuing' in 1998. (2) Earnings per share The calculation of earnings per share is based on the profit attributable to shareholders of HK$1,232,602,000 (1998: HK$1,203,399,000) and the weighted average number of 1,118,043,969 shares (1998: 1,032,776,997 shares) in issue during the year. Diluted earnings per share is not shown as there is no dilution arising from the outstanding convertible bonds issued by the Group and the outstanding share options granted by the Company.