Matrix Holdings Limited — Earnings Release 2000

Mar 22, 2001

Listed Company Information

MATRIX HOLDINGS<1005> - Results Announcement Matrix Holdings Limited announced on 22/3/2001: (stock code: 1005) The auditors' report on the financial statements which contain the following result is qualified and modified by the Company's auditors. For more details, please refer to the press announcement to be issued by the Company on 23/3/2001. Year end date: 31/12/2000 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 31/12/2000 to 31/12/1999 Turnover : 35,472,000 1,717,000 Profit/(Loss) from Operations : 13,411,000 (57,602,000) Finance cost : (1,467,000) (2,477,000) 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 : 190,738,000 (60,079,000) % Change over Last Period : N/A EPS/(LPS)-Basic : 78.38 cents (13.43 cents) -Diluted : 35.65 cents N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 190,738,000 (60,079,000) Final Dividend per Share : Nil Nil (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : 18/5/2001 to 22/5/2001 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) Waiver of indebtedness Waiver of indebtedness represented the amount of debts waived by financial creditors and liquidators of Matrix Industries Limited, a former subsidiary of the Company, as stated in the restructuring circular dated 7th April, 2000. (2) Taxation Hong Kong Profits Tax is calculated at 16% of the estimated assessable profit for the year. (3) Earnings (loss) per share The calculation of basic and diluted earnings (loss) per share is based on the following data: Earnings (loss) 2000 1999 HK$'000 HK$'000 Earnings for the purposes of basic earnings (loss) per share 190,738 (60,079) ======== Effect of dilutive potential ordinary shares Interest on convertible loan stock 1,467 ------- Earnings for the purpose of diluted earnings per share 192,205 ======= Number of Shares 2000 1999 '000 '000 Weighted average number of ordinary shares for the purposes of basic earnings (loss) per share 243,347 447,200 ======== Effect of dilutive potential ordinary shares Convertible loan stock 295,738 ------- Weighted average number of ordinary shares for the purpose of diluted earnings per share 539,085 ======= (4) The presentation of the results of the Group for the year ended 31st December, 2000 have been modified to conform with the requirements of Statements of Standard Accounting Practice 1 and 2 (revised). (5) The profit after taxation & MI for the year ended 31st December, 2000 has been arrived at after taking into the calculation of restructuring costs of HK$10,590,000 and income from waiver of indebtedness of HK$189,441,000.