Regent Pacific Group Limited — Earnings Release 2004

Dec 16, 2003

Listed Company Information

REGENT PACIFIC<00575> - Results Announcement Regent Pacific Group Limited announced on 16/12/2003: (stock code: 00575 ) Year end date: 31/3/2004 Currency: USD Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/4/2003 from 1/4/2002 to 30/9/2003 to 30/9/2002 Note ('000 ) ('000 ) Turnover : 1,608 1,172 Profit/(Loss) from Operations : 538 (625) Finance cost : N/A (9) Share of Profit/(Loss) of Associates : 2,226 (3,696) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 2,485 (4,962) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.002 (0.004) -Diluted (in dollars) : 0.002 N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 2,485 (4,962) 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. Reclassification of comparative figures Certain comparative figures have been reclassified to conform with current year's presentation requirements. 2. Earnings/(Loss) per share a. The calculation of basic earnings/(loss) per share is based on the net profit attributable to shareholders for the period of US$2,485,000 (2002: loss of US$4,962,000) and on the weighted average of 1,186,915,193 (2002: 1,186,902,435) shares of the Company in issue during the period. b. The diluted earnings per share for the period ended 30 September 2003 is based on the net profit attributable to shareholders for the period of US$2,485,000 and on the weighted average of 1,189,290,812 shares issued and issuable, calculated on the assumption that the Company's outstanding share options had been exercised. No diluted loss per share is presented for the period ended 30 September 2002 as the outstanding share options and warrants were anti-dilutive. 3. Interim dividend On 27 October 2003, the Directors declared a special interim dividend of 0.295 US cent per share for the year ending 31 March 2004 payable on Friday, 19 December 2003 in cash, either in Hong Kong dollars or in United States dollars at the exchange rate quoted at 4:00 pm (Hong Kong time) on Friday, 12 December 2003, to those shareholders whose names are recorded on the Principal or Branch Register of Members of the Company on Friday, 21 November 2003. Details of the special interim dividend, including the book close period, were set out in the announcement dated 27 October 2003 and the circular dated 13 November 2003 issued by the Company. The Directors of the Company have resolved not to declare any further interim dividend for the six months ended 30 September 2003 (2002: Nil).