Kerry Properties Limited — Earnings Release 2002

Aug 12, 2002

Listed Company Information

KERRY PPT<00683> - Results Announcement (Summary) Kerry Properties Limited announced on 12/8/2002: (stock code: 683) Year end date: 31/12/2002 Currency: HK$ Auditors' Report: N/A Review of Interim Report by: Audit Committee (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 : 3,091,972 2,193,620 Profit/(Loss) from Operations : 545,221 456,797 Finance cost : (126,909) (187,332) Share of Profit/(Loss) of Associates : 29,703 65,301 Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 363,033 281,057 % Change over Last Period : +29% EPS/(LPS)-Basic : 31.34 cents 24.68 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 363,033 281,057 Interim Dividend per Share : 18 cents 20 cents (Specify if with other options) : (Scrip (Scrip alternative) alternative) B/C Dates for Interim Dividend : 2/9/2002 to 4/9/2002 bdi. Payable Date : 22/10/2002 B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) A specific provision amounting to HK$133 million has been made for the Constellation Cove development in Tai Po Kau. The Group's 75% share of the provision amounts to HK$100 million. (2) The calculation of earnings per share is based on the profit attributable to shareholders of HK$363,033,000 (2001: HK$281,057,000) and the weighted average number of 1,158,228,637 shares (2001: 1,138,597,034 shares) in issue during the period. There is no dilution arising from the outstanding share options granted by the Company in 1997, 1999 and 2001. The dilution from the outstanding share options granted by the Company in 2000 and 2002 is immaterial. Accordingly, diluted earnings per share has not been shown.