Kerry Properties Limited — Earnings Release 2002

Mar 3, 2003

Listed Company Information

KERRY PPT<00683> - Results Announcement Kerry Properties Limited announced on 03/03/2003: (stock code: 00683 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 5,156,162 5,036,408 Profit/(Loss) from Operations : 896,026 925,184 Finance cost : (217,130) (397,899) Share of Profit/(Loss) of Associates : 142,338 (1,047) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 660,310 395,750 % Change over Last Period : +67 % EPS/(LPS)-Basic (in dollars) : 0.5671 0.345 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 660,310 395,750 Final Dividend : 12 cents 12 cents per Share (Specify if with other : (scrip (scrip options) alternative) alternative) B/C Dates for Final Dividend : 09/04/2003 to 15/04/2003bdi. Payable Date : 30/5/2003 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1) A specific provision amounting to HK$266 million (2001: HK$360 million) has been made for the Constellation Cove development at Tai Po Kau in Hong Kong. The Group's 75% share of the provision amounts to approximately HK$200 million (2001: HK$270 million). 2) The calculation of earnings per share is based on the profit attributable to shareholders of HK$660,310,000 (2001: HK$395,750,000) and the weighted average number of 1,164,439,012 shares (2001: 1,146,996,273 shares) in issue during the year. The dilution from the outstanding share options granted by the Company in June 2000 and April 2002 is immaterial. There is no dilution arising from the other outstanding share options granted by the Company. Accordingly, diluted earnings per share has not been shown.