Road King Infrastructure Limited — Earnings Release 2000

Jul 26, 2000

Listed Company Information

ROAD KING INFRA<1098> - Results Announcement Road King Infrastructure Limited announced on 25/7/1999: (stock code: 1098) Year end date: 31/12/2000 Currency: HK$ (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 30/6/2000 to 30/6/1999 ('000) ('000) Turnover - Continuing : 108,384 132,335 - Discontinued : - - Operating Profit/(Loss) - Continuing : 20,286 238,319 - Discontinued : - - Total Operating Profit/(Loss) : 20,286 238,319 Share of Profit/(Loss) of Associated Companies : - - Share of Profit of Infrastructure Joint Ventures : 225,498 183,097 Profit/(Loss) after Tax & MI : 239,955 413,506 % Change over Last Period : -41.97% EPS/(LPS)-Basic : 43 cents 73 cents -Diluted : 42 cents 69 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 239,955 413,506 Interim Dividend per Share : 19 cents 10 cents Special Dividend per Share : NIL 7 cents (Specify if with other options) : - - B/C Dates for Interim Dividend : 10/8/2000 to 15/8/2000 bdi. Payable Date : 25/8/2000 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : Bonus Issue of Warrant: One warrant for every five shares B/C Dates for Other Distribution : 31/8/2000 to 6/9/2000 bdi. Remarks: (1) Operating Profit The last year balance included gain of HK$194 million on disposal of the Group's 45% interest in an infrastructure joint venture, Shenzhen Meiguan Highway Company Limited which operates the Shenzhen Meilin-Guanlan Expressway in Shenzhen, PRC. (2) Earnings per share The calculation of the basic and diluted earnings per share is based on the following data: Six months ended 30th June 2000 1999 HK$'000 HK$'000 Profit for the period 239,955 413,506 Preference shares dividend (19,333) (19,279) -------------------------- Earnings for the purposes of basic earnings per share 220,622 394,227 Effect of dilutive potential ordinary shares: Convertible preference shares dividend 19,333 19,279 -------------------------- Earnings for the purposes of diluted earnings per share 239,955 413,506 -------------------------- Weighted average number of ordinary shares for the purposes of basic earnings per share 515,192,334 536,888,989 Effect of dilutive potential ordinary shares: Convertible preference shares 60,558,411 60,558,411 Options - 1,397,600 -------------------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 575,750,745 598,845,000 =========================== (3) The issuance of bonus warrants on a basis of one warrants for every five shares at an initial subscription price of HK$5.00 per share, subject to adjustments, at any time commencing six months from the date of issuance the bonus warrants to the third anniversary. For more details, please refer to the press announcement today.