Novautek Technologies Group Limited — Earnings Release 2001

Apr 22, 2002

Listed Company Information

KONG SUN HOLD<00295> - Results Announcement (Summary) Kong Sun Holdings Limited announced on 22/4/2002: (stock codes: Ord: 295 & War: 644) Year end date: 31/12/2001 Currency: HKD Auditors' Report: Neither 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 : 143,366 39,430 Profit/(Loss) from Operations : 32,912 13,530 Finance cost : (4,487) (4,473) Share of Profit/(Loss) of Associates : (6,433) - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 17,155 7,024 % Change over Last Period : +144% EPS/(LPS)-Basic : 1.47 cents 1.32 cents -Diluted : 1.45 cents - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 17,155 7,024 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 : 22/5/2002 to 24/5/2002 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: 1. Share of Profit/(Loss) of Associates The amount is arrived at after taking into account the amortisation of goodwill relating to the acquisitions of the associates of HK$5,335,000. 2. Earnings per share The calculations of basic earnings per share is based on the net profit from ordinary activities attributable to shareholders for the year of HK$17,155,000 (2000: HK$7,024,000) and on the weighted average of 1,169,261,000 (2000: 530,790,000) ordinary shares in issue during the year. The diluted earnings per share is based on 1,185,097,000 ordinary shares which is the weighted average number of ordinary shares in issue during the year plus the weighted average number of 15,836,000 ordinary shares deemed to be issued at no consideration if all outstanding share options had been exercised. The effect of the warrants outstanding during the year was anti-dilutive; and accordingly, they had no impact on the calculation of the diluted earnings per share. Diluted earnings per share for the year ended 31 December 2000 had not been calculated as there was no dilutive potential ordinary shares in that year.