Melco International Development Limited — Earnings Release 2003

Nov 7, 2003

Listed Company Information

CROCODILE<00122> - Results Announcement Crocodile Garments Limited announced on 7/11/2003: (stock code: 00122 ) Year end date: 31/07/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/08/2002 from 01/08/2001 to 31/07/2003 to 31/07/2002 Note ($ ) ($ ) Turnover : 484,063,000 595,320,000 Profit/(Loss) from Operations : (57,015,000) 24,109,000 Finance cost : (1,115,000) (1,751,000) 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 : (58,130,000) 20,058,000 % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0942) 0.0325 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (58,130,000) 20,058,000 Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period 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 and rental income. (2) Earnings/(loss) per share The calculation of basic loss per share is based on the net loss attributable to shareholders for the year of HK$58,130,000 (2002: net profit of HK$20,058,000) and the weighted average of 617,127,130 (2002: 617,127,130) ordinary shares in issue throughout the year. Diluted earnings per share amounts for the years ended 31st July, 2003 and 2002 have not been calculated because no diluting events existed during these years.