Road King Infrastructure Limited — Earnings Release 2003

Mar 29, 2004

Listed Company Information

Listed Company Information
ROAD KING INFRA<01098> - Results Announcement (Summary) Road King Infrastructure Limited announced on 26/3/2004: (stock code: 01098 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 31/12/2003 to 31/12/2002 Note ('000 ) ('000 ) Turnover : 119,344 163,740 Profit/(Loss) from Operations : (514) 12,562 Finance cost : (65,933) (80,615) Share of Profit/(Loss) of Associates : N/A N/A Share of Operating Profit of Joint Ventures : 432,750 416,891 Profit/(Loss) after Tax & MI : 318,328 312,808 % Change over Last Period : +1.76 % EPS/(LPS)-Basic (in dollars) : 0.55 0.55 -Diluted (in dollars) : 0.55 0.55 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 318,328 312,808 Final Dividend : $0.10 $0.08 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 7/5/2004 to 12/5/2004 bdi. Payable Date : 21/5/2004 B/C Dates for Annual General Meeting : 7/5/2004 to 12/5/2004 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Earnings per share The calculation of the basic and diluted earnings per share is based on the following data: 2003 2002 HK$'000 HK$'000 Profit for the year 318,328 312,808 Convertible cumulative preference shares dividend (14,013) (32,550) ------------ --------- Earnings for the purposes of basic and diluted earnings per share 304,315 280,258 ======== ======== Weighted average number of ordinary shares for the purpose of basic earnings per share 551,738,081 513,769,004 Effect of dilutive potential ordinary shares: Share options 1,144,405 197,945 ------------ ---------- Weighted average number of ordinary shares for the purpose of diluted earnings per share 552,882,486 513,966,949 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 of ordinary shares for both 2002 and 2003. The Company's warrants expired on 5 September 2003.