Shanghai Able Digital Science&Tech Co., Ltd. — Earnings Release 1999

Jun 25, 1999

Listed Company Information

SE ASIA WOOD<1205> - Results Announcement South East Asia Wood Industries Holdings Limited announced on 25/6/1999: (stock code: 1205) Year end date: 30/9/1999 Currency: US$ Last Current Corresponding Period Period from 1/10/1998 from 1/10/1997 to 31/3/1999 to 31/3/1998 ('000) ('000) Turnover/Interest Income : 25,623 25,298 Profit-Continuing Operations - Operating Profit/(Loss) : (4,332) 1,878 - Exceptional Items : N/A N/A - Discontinued Operations : N/A N/A Total Operating Profit/(Loss) : (4,332) 1,878 Share of Profit/(Loss) of Associated Companies : N/A 43 Profit/(Loss) after Tax & MI : (4,689) 1,576 % Change over Last Period : N/A EPS/(LPS)-Basic : (US0.78 cent) US0.26 cent -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (4,689) 1,576 Interim Dividend per Share : NIL HK1.5 cents (Specify if with other options) : N/A N/A 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) Basis of presentation The Company was incorporated in Bermuda on 18 July 1997 as an exempted company with limited liability under The Companies Act 1981 of Bermuda (as amended). Pursuant to a corporate reorganisation scheme on 21 August 1997 to rationalise the structure of the Group in preparation for the public listing of the Company's shares on the Stock Exchange of Hong Kong Limited on 9 September 1997, the Company became the holding company of the companies now comprising of the Group. The interim result of the Group for the six months ended 31 March 1999 set out above have been presented on a combined basis as if the current Group structure had been in existence since 1 October 1996. In the opinion of the Directors, the consolidated accounts prepared on such basis present more fairly the results and the state of affairs of the Group as a whole. (2) Earnings per shares The calculation of earnings/(loss) per share is based on the unaudited net loss attributable to shareholders for the six months ended 31 March 1999 of approximately US$4,689,000 (1998: profit of US$1,576,000) and the weighted average number of 600,000,000 shares (1998: 600,000,000 shares) in issue during the period. Diluted earnings/(loss) per share is not shown because there is no dilution impact for both periods.