Marketingforce Management Ltd — Earnings Release 2000

Nov 27, 2000

Listed Company Information

CITY TELECOM<1137> - Results Announcement City Telecom (H.K.) Limited announced on 27/11/2000: (stock code: 1137) Year end date: 31/8/2000 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/9/1999 from 1/9/1998 to 31/8/2000 to 31/8/1999 ('000) ('000) Turnover : 1,234,127 1,045,696 Profit/(Loss) from Operations : 62,373 27,120 Finance cost : (6,228) (1,315) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 70,001 27,481 % Change over Last Period : +154.7% EPS/(LPS)-Basic : 14.9 cents 6.8 cents -Diluted : 14.6 cents 6.7 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 70,001 27,481 Final Dividend per Share : NIL 2 cents (Specify if with other options) : - - B/C Dates for Final Dividend : - Payable Date : - B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) Comparative: As a result of the adoption of the revised Hong Kong Statement of Standard Accounting Practice No. 1 "Presentation of Financial Statements" and No. 2 "Net Profit Or Loss for the period, fundamental errors and changes in accounting policies" which became effective this year, certain comparative figures have been reclassififed and extended accordingly. (2) The basis of calculation for basic EPS and diluted EPS of the current period: 2000 1999 HK$'000 HK$'000 Profit attributable to shareholders 70,001 27,481 ====== ====== No. of shares No. of shares in thousand in thousand Weighted average number of shares in issue 468,946 401,448 Incremental shares from assumed exercise of share options 9,105 8,276 ----------- ----------- Diluted weighted average number of shares 478,051 409,274 ========== ========== Basic earnings per share 14.9 cents 6.8 cents Diluted earnings per share 14.6 cents 6.7 cents ========== ========== Earnings per share are calculated on the weighted average number of issued ordinary shares and, as appropriate, diluted ordinary shares equivalent outstanding for the current year and the related profit attributable to the shareholders. The number of incremental shares from assumed exercise of stock options has been determined using the treasury stock method.