Road King Infrastructure Limited — Earnings Release 2002

Mar 27, 2003

Listed Company Information

ROAD KING INFRA<01098> - Results Announcement (Summary) Road King Infrastructure Limited announced on 27/03/2003: (stock code: 01098 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 163,740 245,501 Profit/(Loss) from Operations : 12,562 10,115 Finance cost : (80,615) (111,290) Share of Profit/(Loss) of Associates : N/A N/A Share of Operating Profit of Joint Ventures : 416,891 398,838 Profit/(Loss) after Tax & MI : 312,808 240,794 % Change over Last Period : +29.91 % EPS/(LPS)-Basic (in dollars) : 0.55 0.4 -Diluted (in dollars) : 0.55 N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 312,808 240,794 Final Dividend : $0.08 $0.088 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 05/05/2003 to 12/05/2003bdi. Payable Date : 26/05/2003 B/C Dates for Annual General Meeting : 05/05/2003 to 12/05/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Earnings per share The calculation of the basic and diluted earnings per share is based on the following data: 2002 2001 HK$'000 HK$'000 Profit for the year 312,808 240,794 Convertible preference shares dividend (32,550) (38,879) -------- -------- Earnings for the purpose of basic earnings per share 280,258 201,915 ======== ======== Earnings for the purpose of diluted earnings per share 280,258 N/A ======== ======== Weighted average number of ordinary shares for the purpose of basic earnings per share 513,769,004 506,014,065 Effect of dilutive potential ordinary shares: Options 197,945 N/A ----------- ---------- Weighted average number of ordinary shares for the purpose of diluted earnings per share 513,966,949 N/A =========== ========== The effect of convertible preference shares is excluded from the calculation of diluted earnings per share for both years since the effect will be anti-dilutive. The effect of warrants is excluded from the calculation of diluted earnings per share for both years because the exercise price of the Company's warrants was higher than the average market price for both 2002 and 2001.