Mao Geping Cosmetics Co., Ltd. — Earnings Release 2002

Sep 3, 2002

Listed Company Information

SCMP GROUP<00583> - Results Announcement (Summary) SCMP Group Limited announced on 3/9/2002: (stock code: 583) 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 : 669,911 917,311 Profit/(Loss) from Operations : 104,074 143,542 Finance cost : - (534) Share of Profit Less Loss of Associates : 2,716 2,525 Share of Profit/(Loss) of Jointly Controlled Entities : (4,018) (7,292) Profit/(Loss) after Tax & MI : 86,103 92,526 % Change over Last Period : -6.94% EPS/(LPS)-Basic : 4.96 cents 5.34 cents -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 86,103 92,526 Interim Dividend Distribution per Share : 4 cents 8 cents (2nd INT DIV DIST.) (Specify if with other options) : - - B/C Dates for Interim Dividend Distribution : 25/10/2002 to 30/10/2002 bdi. Payable Date : 8/11/2002 B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: 1. Segment Information The Company acted as an investment holding company during the period. The principal activities of the Group comprised the publishing, printing and distribution of the South China Morning Post, Sunday Morning Post and other print and online publications, retailing, property holding, video and film post-production and education. Substantially all the activities of the Group are based in Hong Kong and below is an analysis of the Group's turnover and contribution to operating profit by principal activity: - Turnover For the six months ended 30 June 2002 2001 HK$'000 HK$'000 Newspapers, magazines and other publications 402,782 577,381 Retailing 204,597 197,014 Investment properties 38,716 42,003 Video and film post-production 10,669 19,369 Entertainment, recreation and education (note) 13,147 81,544 -------- -------- Total 669,911 917,311 ======== ======== Contribution to operating profit For the six months ended 30 June 2002 2001 HK$'000 HK$'000 Newspapers, magazines and other publications 56,957 139,360 Retailing (525) (1,149) Investment properties 37,558 (6,732) Video and film post-production (2,160) 1,208 Entertainment, recreation and education (note) 12,244 10,321 ------- ------- Total 104,074 143,008 ======= ======= Note:- The Group disposed of its recreation club and education businesses in December 2001 and March 2002, respectively. During the period, a gain of HK$11.2 millions, which represents the difference between the net proceeds of sale and the carrying amount of the net assets of the education business at the date of sale is included in operating profit. 2. Earnings per Share The calculation of basic earnings per share is based on the net profit for the period attributable to shareholders of HK$86,103,000 (2001: HK$92,526,000) and the weighted average of 1,734,383,996 (2001: 1,733,933,356) shares in issue during the period. For the six months period ended 30 June 2002, the diluted earnings per share was not shown as there was no dilution effect.