Matrix Holdings Limited — Earnings Release 1999

Apr 6, 2000

Listed Company Information

MATRIX HOLDINGS<1005> - Results Announcement Matrix Holdings Limited announced on 5/4/2000: (stock code: 1005) Year end date: 31/12/1999 Currency: HK$ (Uaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 30/6/1999 to 30/6/1998 ('000) ('000) Turnover - Continuing : 1,717 122,017 - Discontinued : - - Operating Profit/(Loss) - Continuing : (60,079) (22,375) - Discontinued : - - Total Operating Profit/(Loss) : (60,079) (22,375) Share of Profit/(Loss) of Associated Companies : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (60,079) (24,220) % Change over Last Period : N/A EPS/(LPS)-Basic : (13.43 cents) (5.42 cents) -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (60,079) (24,220) Interim Dividend per Share : NIL NIL (Specify if with other options) : - - B/C Dates for Interim Dividend : - Payable Date : - B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) 1999 HK$'000 HK$'000 Total Operating Loss Operating Loss from continuing operation (36,329) Exceptional items: Gain on deconsolidation of a subsidiary upon commencement of Liquidation 128,510 Loss on guarantees given to bankers and leasing companies in respect of credit facilities utilised by a subsidiary which has commenced liquidation (147,748) Loss arising from liabilities of a subsidiary which has commenced liquidation being taken up by the Group (4,512) (23,750) --------- (60,079) ========= (2) Adoption of Statements of Standard Accounting Practice: In the current year, the Company has adopted the Statement of Standard Accounting Practice No. 1 (Revised) "Presentation of financial statement" (SSAP 1) issued by the Hong Kong Society of Accountants. The presentation of the 1999 results has been modified in order to conform with the requirements of the Standard. Comparative amounts have been restated in order to achieve a consistent presentation. For more details, please refer to the press annoucement today.