Macau E&M Holding Limited — Earnings Release 2002

Apr 23, 2003

Listed Company Information

SHENZHEN INVEST<00604> - Results Announcement (Summary) Shenzhen Investment Limited announced on 23/4/2003: (stock code: 00604 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 1,333,610 1,357,835 Profit/(Loss) from Operations : 274,537 315,663 Finance cost : (119,046) (136,633) Gain on deemed disposal of an associate : - 92,763 Share of Profit/(Loss) of Associates : 399,819 396,153 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 280,699 353,280 % Change over Last Period : -20.54 % EPS/(LPS)-Basic (in dollars) : 0.1194 0.1628 -Diluted (in dollars) : 0.1177 0.16 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 280,699 353,280 Final Dividend : 2.50 cents 2.50 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 28/5/2003 to 3/6/2003 bdi. Payable Date : 12/6/2003 B/C Dates for Annual General Meeting : 28/5/2003 to 3/6/2003 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. DIVIDENDS On 30 July 2002, the Company had passed an ordinary resolution to approve that every ordinary share of HK$0.10 in the issued and unissued shares of the Company was subdivided into two shares of HK$0.05 each ( Subdivided Shares).The proposed final dividend for the year ended 31December 2001 and the interim dividend for the six months ended 30 June 2002 of HK$5.00cents and HK$3.00cents per then share respectively have been adjusted to HK$2.50cents and HK$1.50cents per Subdivided Shares respectively. 2. EARNINGS PER SHARE The calculation of basic earnings per share was based on the net profit attributable to shareholders for the year of HK$280,699,000 (2001: HK$353,280,000) and on the weighted average number of 2,350,951,063 (2001: 2,170,619,726) shares in issue during the year. The weighted average number of shares outstanding for the year ended 31December 2001 has been retrospectively adjusted for the effect of the subdivision of shares. The calculation of diluted earnings per share for the year ended 31 December 2002 was based on the net profit attributable to shareholders for the year of HK$280,699,000 (2001: HK$353,280,000). The weighted average number of ordinary shares used in the calculation is the 2,350,951,063 (2001: 2,170,619,726) ordinary shares in issue during the year, as used in the basic earnings per share calculation, and the weighted average of 33,975,923 (2001: 37,911,428) ordinary shares assumed to have been issued at no consideration on the deemed exercise of all share options granted during the year. The convertible bonds have not been included in the calculation of diluted earnings per share for the years ended 31 December 2001 and 2002 since their effects are anti-dilutive. The weighted average number of ordinary shares assumed to have been issued at no consideration for the year ended 31 December 2001 has been retrospectively adjusted for the effect of the subdivision of shares.