Matrix Holdings Limited — Earnings Release 2001

Apr 8, 2002

Listed Company Information

MATRIX HOLDINGS<01005> - Results Announcement (Summary) Matrix Holdings Limited announced on 8/4/2002: (stock code: 1005) Year end date: 31/12/2001 Currency: HK$ Auditors' Report: Modified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2001 from 1/1/2000 to 31/12/2001 to 31/12/2000 ('000) ('000) Turnover : 195,039 35,472 Profit/(Loss) from Operations : 38,378 13,411 Finance cost : (2,210) (1,467) 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 : 35,675 190,738 % Change over Last Period : -81% EPS/(LPS)-Basic : $0.25 $1.71 -Diluted : $0.06 $0.47 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 35,675 190,738 Final Dividend per Share : NIL NIL (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : 17/5/2002 to 22/5/2002 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: 1. Restructuring costs recovered (charged) The restructuring costs recovered for the year represented the write back of the restructuring costs overcharged in previous year. In September 2001, the Group claimed the former shareholder such amount which was subsequently received in February 2002. The amount in prior year represented expenses incurred as a result of the group restructuring happened in the year ended 31st December, 2000. Details of the group restructuring are set out in the circulars issued by the Company on 7th April, 2000 and 8th September, 2000. 2. Taxation Hong Kong Profits Tax is calculated at 16% (2000: 16%) of the estimated assessable profit for the year. 3. Earnings per share The calculation of basic and diluted earnings per share is based on the following data: Earnings 2001 2000 HK$'000 HK$'000 Earnings for the purposes of basic earnings per share 35,675 190,738 Effect of dilutive potential ordinary shares: Interest on convertible loan stock 2,210 1,467 _______ _______ Earnings for the purposes of diluted earnings per share 37,885 192,205 =============== Number of shares 2001 2000 '000 '000 Weighted average number of ordinary shares for the purposes of basic earnings per share 144,720 111,386 Effect of dilutive potential ordinary shares: Convertible loan stock 440,000 295,738 _______ _______ Weighted average number of ordinary shares for the purposes of diluted earnings per share 584,720 407,124 =============== 4. The profit after taxation & MI for the year ended 31st December, 2001 has been arrived at after taking into the calculation of restructuring costs recovered of HK$4,654,000.