Pacific Century Premium Developments Limited — Earnings Release 1999

Jul 8, 1999

Listed Company Information

SINCERE<0244> - Results Announcement The Sincere Company Limited announced on 8/7/1999: (stock code: 244) Year end date: 28/2/1999 Currency: HKD Last Current Corresponding Period Period from 1/3/1998 from 1/3/1997 to 28/2/1999 to 28/2/1998 ('000) ('000) Turnover/Interest Income : 1,010,043 1,516,844 Profit-Continuing Operations - Operating Profit/(Loss) : (99,409) 128,799 - Exceptional Items : (51,669) 25,363 - Discontinued Operations : Nil Nil Total Operating Profit/(Loss) : (151,078) 154,162 Share of Profit/(Loss) of Associated Companies : 1,634 (1,496) Profit/(Loss) after Tax & MI : (148,780) 139,410 % Change over Last Period : N/A EPS/(LPS)-Basic : (25.9 cents) 24.3 cents -Diluted : Nil Nil Extraordinary (ETD) Gain/(Loss) : Nil Nil Profit/(Loss) after ETD Items : (148,780) 139,410 Final Dividend per Share : Nil 4 cents (Specify if with other options) : Nil Nil 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 : Nil B/C Dates for Other Distribution : N/A Remark: The Group's exceptional items represent: 1999 1998 HK$'000 HK$'000 Revaluation deficit of investment properties in the People's Republic of China (23,602) - Provision for permanent diminution in value of properties under development for sale in the People's Republic of China (28,067) - Loss on disposal of investment properties and related furniture and fixtures in the United States of America - (8,006) Realisation of revaluation surplus on disposal of investment properties situated in the United States of America - 33,369 --------- -------- (51,669) 25,363 ========= ========