Rego Interactive Co., Ltd — Earnings Release 2003

Feb 12, 2004

Listed Company Information

TIANJIN CAPITAL<01065> - Results Announcement (Summary) Tianjin Capital Environmental Protection Company Limited announced on 12/02/2004: (stock code: 01065 ) Year end date: 31/12/2003 Currency: RMB Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 31/12/2003 to 31/12/2002 Note ('000 ) ('000 ) Turnover : 594,645 633,858 Profit/(Loss) from Operations : 432,280 443,107 Finance cost : (19,342) (14,571) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 276,892 287,236 % Change over Last Period : -3.6 % EPS/(LPS)-Basic (in dollars) : 0.21 0.22 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 276,892 287,236 Final Dividend : RMB0.08 RMB0.085 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : To Be Announced Payable Date : To Be Announced B/C Dates for Annual General Meeting : 1/3/2004 to 30/3/2004 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Business segment analysis Sewage water processing and construction of sewage water Road and toll processing plants stations Group Year ended 31st December 2003 Rmb'000 Rmb'000 Rmb'000 Turnover 533,953 60,692 594,645 ======================================== Segment results 372,287 40,651 412,938 ======================= Taxation (136,379) _________ Profit after taxation 276,559 Minority interest 333 ________ Profit attributable to shareholder 276,892 ======== Depreciation and amortisation 42,774 9,845 52,619 ====== Sewage water processing and construction of Haihe Bridge sewage water construction processing plants Road management Group and (Note) toll stations Year ended 31st December 2002 Rmb'000 Rmb'000 Rmb'000 Rmb'000 Turnover 551,126 78,185 4,547 633,858 ============================================== Segment results 386,480 38,585 3,471 428,536 =============================== Taxation (141,475) ___________ Profit after taxation 287,061 Minority interest 175 ______________ Profit attributable to shareholder 287,236 ========== Depreciation and amortisation 40,094 10,780 - 50,874 ========= No geographical segment analysis is presented since all of the Group's operations are in the PRC. Note: On 24th September 2001, the Company entered into the Haihe Bridge Project Management Agreement with Tianjin Municipal Investment Company Limited ("TMICL"), the controlling shareholder of the Company and owner of the Haihe Bridge Construction Project. According to the agreement, the Company provides project management services to TMICL for the construction of Haihe Bridge and is entitled to a total sum of project management fee amounting to Rmb10,650,000, of which Rmb7,542,000 has been recognised in the Company's accounts up to 31st December 2002. On 29 April 2003, the Company and TMICL agreed to terminate the project management agreement with effect from 1st January 2003 as the construction of Haihe Bridge project has been suspended since that date. The termination of the Haihe Bridge project management business does not have a material impact to the financial position of the Group.