Richly Field China Development Limited — Earnings Release 2003

Dec 16, 2002

Listed Company Information

UNITED PACIFIC<00176> - Results Announcement United Pacific Industries Limited announced on 16/12/2002: (stock code: 00176 ) Year end date: 31/3/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/04/2002 from 01/04/2001 to 30/09/2002 to 30/09/2001 Note ($ ) ($ ) Turnover : 177,816,853 202,635,382 Profit/(Loss) from Operations : 1,958,779 2,520,696 Finance cost : (9,169) (36,697) Share of Profit/(Loss) of Associates : (352,706) (1,160,959) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 1,596,904 570,933 % Change over Last Period : +179.7 % EPS/(LPS)-Basic (in dollars) : 0.0029 0.001 -Diluted (in dollars) : N/A 0.001 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 1,596,904 570,933 Interim Dividend : 4 cents 8 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : 20/01/2003 to 23/01/2003bdi. Payable Date : 31/01/2003 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: EARNINGS PER SHARE The calculation of the basic and diluted earnings per share for the periods ended 30th September, 2002 and 2001 is computed based on the following data: 1.4.2002 1.4.2001 to to 30.9.2002 30.9.2001 HK$ HK$ Earnings: Net profit for the period and earnings for the purposes of basic and diluted earnings per share 1,596,904 570,933 ========= ======= Number of shares: Weighted average number of shares for the purpose of basic earnings per share 557,524,519 557,538,400 =========== Effect of dilutive potential shares: Share options 53,656 ------------ Weighted average number of shares for the purpose of dilutive earnings per share 557,592,056 ============== The share options have no dilutive effect for the six months ended 30th September, 2002 as the exercise price of the Company's outstanding share options was higher than the average market price of the Company's shares for the period.