Pacific Century Premium Developments Limited — Earnings Release 2000

Jul 10, 2000

Listed Company Information

SINCERE<0244> - Results Announcement The Sincere Company, Limited announced on 10/7/2000: (stock code: 244) Year end date: 29/2/2000 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/3/1999 from 1/3/1998 to 29/2/2000 to 28/2/1999 ('000) ('000) Turnover - Continuing : 918,250 779,538 - Discontinued : Nil Nil Operating Profit/(Loss) - Continuing : 14,868 (118,054) - Discontinued : Nil Nil Total Operating Profit/(Loss) before financing costs : 14,868 (118,054) Share of Profit/(Loss) of Associated Companies : 23,620 1,634 Share of Profit/(Loss) of Jointly Controlled Entities : Nil Nil Profit/(Loss) after Tax & MI & financing costs : (26,477) (168,007) % Change over Last Period : N/A EPS/(LPS)-Basic : (4.6 cents) (29.3 cents) -Diluted : Nil Nil Extraordinary (ETD) Gain/(Loss) : Nil Nil Profit/(Loss) after ETD Items : (26,477) (168,007) Final Dividend per Share : Nil Nil (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 : Nil Other Distribution for Current Period : Nil B/C Dates for Other Distribution : N/A Remark: IMPACT OF STANDARD ACCOUNTING PRACTICE The following Statements of Standard Accounting Practice ("SSAPs") have been adopted for the first time in the preparation of the current year consolidated financial statements: SSAP 1: Presentation of Financial Statements SSAP 2: Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies SSAP 10: Accounting for Investments in Associates SSAP 24: Accounting for Investments SSAP 1 prescribes the basis for the presentation of financial statements and sets out guidelines for their structure and minimum requirements for the content thereof. The figures presented have been revised in accordance with the SSAP. SSAP 2 prescribes the classification, disclosure and accounting treatment of certain items in the profit and loss account, and specifies the accounting treatment for changes in accounting estimates, changes in accounting policies and the correction of fundamental errors. The principal impact of SSAP 2 on the preparation of these financial statements is that exceptional items are no longer specifically referred to as "exceptional" and are disclosed by way of note. The figures for the last corresponding period has been restated to conform with current year's presentation.