Melco International Development Limited — Earnings Release 2004

Apr 16, 2004

Listed Company Information

Listed Company Information
CROCODILE<00122> - Results Announcement Crocodile Garments Limited announced on 16/4/2004: (stock code: 00122 ) Year end date: 31/7/2004 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/8/2003 from 1/8/2002 to 31/1/2004 to 31/1/2003 Note ($ ) ($ ) Turnover : 245,408,000 280,925,000 Profit/(Loss) from Operations : 15,552,000 14,944,000 Finance cost : (484,000) (623,000) 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 : 10,907,000 12,822,000 % Change over Last Period : -14.94 % EPS/(LPS)-Basic (in dollars) : 0.0177 0.0208 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 10,907,000 12,822,000 Interim Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Interim 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. EARNINGS PER SHARE Earnings per share is calculated based on the net profit attributable to shareholders of HK$10,907,000 (2003: HK$12,822,000) (Restated) and the weighted average of 617,127,130 (2003: 617,127,130) ordinary shares of the Company in issue throughout the period. Diluted earnings per share for the six months ended 31st January, 2004 and 2003 have not been calculated because no diluting events existed during these periods. 2. CHANGE OF COMPARATIVE AMOUNTS The adoption of SSAP 12 (Revised) represents a change in accounting policy which has been applied retrospectively so that the comparatives presented have been restated accordingly. This change has resulted that the opening accumulated losses of the Group at 1st August, 2002 and 1st August, 2003 have been decreased by HK$10,681,000 and HK$10,043,000 respectively and an increase in deferred tax assets at 31st July, 2003 by HK$10,043,000. The net profit for the six months ended 31st January, 2003 has been decreased by HK$1,499,000.