Melco International Development Limited — Earnings Release 2002

Nov 8, 2002

Listed Company Information

CROCODILE<00122> - Results Announcement (Summary) Crocodile Garments Limited announced on 8/11/2002: (stock code: 122) Year end date: 31/7/2002 Currency: HKD Auditors' Report: Unqualified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/8/2001 from 1/8/2000 to 31/7/2002 to 31/7/2001 Turnover : 595,320,000 679,939,000 Profit/(Loss) from Operations : 24,109,000 12,179,000 Finance cost : (1,751,000) (4,349,000) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 20,058,000 5,877,000 % Change over Last Period : +241.30% EPS/(LPS)-Basic : 3.25 cents 0.95 cent -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 20,058,000 5,877,000 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 (-) General Meeting : N/A Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) Turnover Turnover represents the net invoiced value of goods supplied to customers after allowances for returns and discounts, rental income and revenue from restaurant operations. In the prior year, the Group ceased to operate its restaurant. As the contribution from the operation of the restaurant was not significant to the Group, no discontinued operations disclosure have been made. (2) Earnings per share The basic earnings per share is calculated based on the net profit attributable to shareholders for the year of HK$20,058,000 (2001: HK$5,877,000) and the weighted average of 617,127,130 (2001: 617,127,130) ordinary shares of the Company in issue throughout the year. The diluted earnings per share amounts for the years ended 31st July, 2002 and 2001 have not been calculated because no diluting events existed during these years.