Kowloon Development Company Limited — Earnings Release 1999

Apr 18, 2000

Listed Company Information

KOWLOON DEV<0034> - Results Announcement Kowloon Development Company Limited announced on 18/4/2000: (stock code: 34) 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 : 344,196 395,681 - Discontinued : - - Operating Profit/(Loss) - Continuing : 186,819 269,274 - Discontinued : - - Total Operating Profit/(Loss) : 186,819 269,274 Share of Profit/(Loss) of Associated Companies : 4,224 (1,350) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 177,630 243,814 % Change over Last Period : -27% EPS/(LPS)-Basic : 36.7 cents 50.4 cents -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 177,630 243,814 Final Dividend per Share : 16 cents 16 cents (Specify if with other options) : - - B/C Dates for Final Dividend : 12/6/2000 to 19/6/2000 bdi. Payable Date : 20/6/2000 B/C Dates for Annual General Meeting : 12/6/2000 to 19/6/2000 bdi. Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) 1998 operating profit included a deposit forfeited less expenses on sale of an investment property amounted to $57,877,000. (2) In 1999, the Group's share of profits less losses of associated companies included an amount of $4,435,635 written back on the overprovision of losses of an associated company in prior years in accordance with SSAP 10 (revised). (3) There is no dilution effect in the calculation of earnings per share.