Marketingforce Management Ltd — Earnings Release 2003

Nov 24, 2003

Listed Company Information

CITY TELECOM<01137> - Results Announcement City Telecom(H.K.) Limited announced on 24/11/2003: (stock code: 01137 ) Year end date: 31/08/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/09/2002 from 01/09/2001 to 31/08/2003 to 31/08/2002 Note ('000 ) ('000 ) Turnover : 1,298,909 1,150,200 Profit/(Loss) from Operations : 276,201 100,965 Finance cost : (601) (3,504) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 257,822 91,129 % Change over Last Period : +183 % EPS/(LPS)-Basic (in dollars) : 0.467 0.184 -Diluted (in dollars) : 0.419 0.161 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 257,822 91,129 Final Dividend : $0.075 NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 18/12/2003 to 23/12/2003bdi. Payable Date : 09/01/2004 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Earnings per share The basic earnings per share is based on the weighted average of 552,599,916 (2002: 495,180,835) ordinary shares in issue during the period. The diluted earnings per share is based on 552,599,916 (2002: 495,180,835) ordinary shares which is the weighted average number of ordinary shares in issue during the period plus the incremental number of 7,111,598 (2002: 11,218,652) ordinary shares deemed to be issued at no consideration if all outstanding options had been exercised, plus the weighted average of 55,389,966 (2002: 59,489,255) ordinary shares deemed to be issued at consideration of HK$0.4 per share if all outstanding warrants had been exercised. 2003 2002 HK$'000 HK$'000 Profit attributable to shareholders 257,822 91,129 ======= ======= No of shares No of shares in thousand in thousand Weighted average number of shares in issue 552,600 495,181 Incremental shares from assumed exercise of share options 7,112 11,219 Incremental shares from assumed exercise of warrants 55,390 59,489 -------- -------- Diluted weighted average number of shares 615,102 565,889 ======== ========