Road King Infrastructure Limited — Earnings Release 2002

Jul 22, 2002

Listed Company Information

ROAD KING INFRA<01098> - Results Announcement (Summary) Road King Infrastructure Limited announced on 22/7/2002: (stock codes: Ord: 1098 & War: 359) Year end date: 31/12/2002 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Audit Committee and Auditors (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 30/6/2002 to 30/6/2001 ('000) ('000) Turnover : 84,581 133,662 Profit/(Loss) from Operations : 19,216 62,386 Finance cost : (39,499) (53,746) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Infrastructure Joint Ventures : 206,427 196,502 Profit/(Loss) after Tax & MI : 172,507 186,010 % Change over Last Period : -7.26% EPS/(LPS)-Basic : 30 cents 33 cents -Diluted : N/A 33 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 172,507 186,010 Interim Dividend per Share : 16 cents 7 cents (Specify if with other options) : - - B/C Dates for Interim Dividend : 7/8/2002 to 12/8/2002 bdi. Payable Date : 23/8/2002 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remark: Earnings per share The calculation of the basic and diluted earnings per share is based on the following data: Six months ended 30 June 2002 2001 HK$'000 HK$'000 Profit for the period 172,507 186,010 Convertible preference shares dividend (16,731) (19,226) ------------------------- Earnings for the purpose of basic earnings per share 155,776 166,784 Effect of dilutive potential ordinary shares: Convertible preference shares dividend N/A 19,226 ------------------------- Earnings for the purpose of diluted earnings per share N/A 186,010 ========================= Six months ended 30 June 2002 2001 Number of Number of shares shares Weighted average number of ordinary shares for the purpose of basic earnings per share 511,906,428 506,156,967 Effect of dilutive potential ordinary shares: Convertible preference shares N/A 60,558,411 Options N/A 219,282 ------------------------- Weighted average number of ordinary shares for the purpose of diluted earnings per share N/A 566,934,660 ========================== The computation of diluted earnings per share does not assume the exercise of the Company's outstanding share options as the exercise price of those options is higher than the average market price for shares for the six months ended 30 June 2002. Diluted earnings per share is not presented as effect of convertible preference shares is anti-dilutive.