Road King Infrastructure Limited — Earnings Release 2001

Jul 20, 2001

Listed Company Information

ROAD KING INFRA<1098> - Results Announcement (Summary) Road King Infrastructure Limited announced on 20/7/2001: (stock codes: Ord: 1098 & War: 359) Please refer to the press announcement for the details of the auditors' & audit committee's review report on the interim financial statement, to be issued by the Company on 23/7/2001. Year end date: 31/12/2001 Currency:HK$ (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2001 from 1/1/2000 to 30/6/2001 to 30/6/2000 ('000) ('000) Turnover : 133,662 120,710 Profit/(Loss) from Operations : 62,386 86,921 Finance cost : (53,746) (66,635) Share of Profit/(Loss) of Associates : - - Share of Profit of Infrastructure Joint Ventures : 196,502 225,498 Profit after Tax & MI : 186,010 239,955 % Change over Last Period : -22.48% EPS/(LPS)-Basic : 33 cents 43 cents -Diluted : 33 cents 42 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 186,010 239,955 Interim Dividend per Share : 7 cents 19 cents (Specify if with other options) : - - B/C Dates for Interim Dividend : 7/8/2001 to 10/8/2001 bdi. Payable Date : 25/8/2001 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. EARNINGS PER SHARE The calculation of the basic and diluted earnings per share is based on the following data : Six months Six months ended 30 June ended 30 June 2001 2000 HK$'000 HK$'000 Profit for the period 186,010 239,955 Convertible preference shares dividend (19,226) (19,333) ----------------------------- Earnings for the purposes of basic earnings per share 166,784 220,622 Effect of dilutive potential ordinary shares : Convertible preference shares dividend 19,226 19,333 ----------------------------- Earnings for the purposes of diluted earnings per share 186,010 239,955 ============================= Six months Six months ended 30 June ended 30 June 2001 2000 Number of Number of shares shares Weighted average number of ordinary shares for the purposes of basic earnings per share 506,156,967 515,192,334 Effect of dilutive potential ordinary shares : Convertible preference shares 60,558,411 60,558,411 Options 219,282 - ----------------------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 566,934,660 575,750,745 ============================= 2. Presentation of financial statements The comparative figure has been reclassified to conform with the current year 's presentation. Reconciliations are set out below: HK$'000 Turnover per last year 's presentation 108,384 Add: sales of goods reclassified from operating expenses 12,326 ------- Turnover conformed with current year 's presentation 120,710 ======= HK$'000 Profit from operations per last year 's presentation 20,286 Add: finance costs reclassified as non-operating cost 66,635 -------- Profit from operations conformed with current year 's presentation 86,921 ========