S E A Holdings Limited — Earnings Release 2002

Aug 30, 2002

Listed Company Information

SEA HOLDINGS<00251> - Results Announcement (Summary) S E A Holdings Limited announced on 30/8/2002: (stock codes: Ord:251 & War:920) Year end date: 31/12/2002 Currency: HKD Auditors' Report: N/A Review of Interim Report by: 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 : 309,419 329,094 Profit/(Loss) from Operations : (269,000) 221,285 Finance cost : (109,030) (147,070) Share of Profit/(Loss) of Associates : (5,287) (10,940) Share of Profit/(Loss) of Jointly Controlled Entities : (204) (244) Profit/(Loss) after Tax & MI : (243,546) 36,347 % Change over Last Period : N/A EPS/(LPS)-Basic : (47.6 cents) 7.1 cents -Diluted : N/A 6.7 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (243,546) 36,347 Interim Dividend per Share : NIL 6 cents (Specify if with other options) : - - B/C Dates for Interim Dividend : N/A Payable Date : N/A 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. Turnover In order to conform with the current year's presentation, the interest income for the half year ended 30th June, 2001 had been reclassified from turnover to other revenue. In the opinion of the directors, the reclassification reflects the current intention of the Group as investment of surplus fund is a non-core business of the Group. 2. The calculation of the basic and diluted (loss) earnings per share is based on the following data: Half year ended 30 June 2002 2001 HK$'000 HK$'000 Net (loss) profit for the period and (loss) earnings for the purposes of basic and diluted (loss) earnings per share (243,546) 36,347 ========= ====== Number of shares Weighted average number of ordinary shares for the purposes of basic (loss) earnings per share 511,246,868 508,501,189 Effect of dilutive potential ordinary shares: Options N/A 5,846,154 Warrants N/A 29,932,714 -------------------------- Weighted average number of ordinary shares for the purposes of diluted (loss) earnings per share 511,246,868 544,280,057 =========== =========== No diluted loss per share has been calculated for the half year ended 30th June, 2002 as the exercise of the share options and warrants and the conversion of the capital convertible note of a subsidiary would result in a decrease in the loss per share.