Persistence Gold Group Ltd — Interim / Quarterly Report 2002

Sep 18, 2002

Listed Company Information

SHANGHAI MER H<01104> - Results Announcement (Summary) Shanghai Merchants Holdings Limited announced on 18/9/2002: (stock code: 1104) Year end date: 31/12/2002 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 30/6/2002 to 30/6/2001 ('000) ('000) Turnover : 34,891 16,518 Profit/(Loss) from Operations : (1,294) (11,873) Finance cost : (269) (613) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (1,204) (12,052) % Change over Last Period : N/A EPS/(LPS)-Basic : (0.56 cent) (6.03 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (1,204) (12,052) Interim Dividend per Share : NIL NIL (Specify if with other options) : N/A N/A B/C Dates for Interim Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) Loss per share The calculation of loss per share is based on the loss attributable to shareholders for the period of HK$1,204,000 (2001: HK$12,052,000) and on the weighted average number of 213,934,807 (2001: 200,000,000) ordinary shares in issue during the period. No diluted loss per share for the six months ended 30 June 2002 has been presented as the share options outstanding during the period would have an anti-dilutive effect on the basic loss per share for the period. (2) Segmental Information An analysis of the Group's turnover and results for the period by business segments is as follows: Turnover Operating profit (loss) Six months ended 30 June Six months ended 30 June 2002 2001 2002 2001 HK$'000 HK$'000 HK$'000 HK$'000 Continuing operations Trading and processing of fabric 30,718 6,164 582 (8,184) Trading of base metals 3,824 - 1,542 - ------------------------------------------------------- 34,542 6,164 2,124 (8,184) Discontinued operations Snack food 349 10,354 (506) (2,740) ---------------------- 34,891 16,518 ====================== Unallocated corporate expenses (3,057) (1,465) Interest on bank borrowings wholly repayable within five years (124) (97) Gain on disposal of subsidiaries 261 - ------------------------ Loss before taxation (1,302) (12,486) ======================== A large part of the activities of the Group were based in the PRC and more than 90% of the Group's turnover and operating results were derived from the PRC.