Silkwave Inc — Earnings Release 2000

Sep 26, 2000

Listed Company Information

SOUTH CHINA H<0265> - Results Announcement South China Holdings Limited announced on 26/9/2000: (stock code: 265) Year end date: 31/12/2000 Currency: HKD (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 30/6/2000 to 30/6/1999 ('000) ('000) Turnover : 1,037,570 1,119,746 Profit/(Loss) from Operations : (28,321) 55,073 Finance cost : (10,806) (8,975) Share of Profit/(Loss) of Associates : (10,733) (8,775) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 1,547 12,451 % Change over Last Period : -87.58% EPS/(LPS)-Basic : 0.34 cent 2.73 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 1,547 12,451 Interim Dividend per Share : 5.0 cents 0.5 cent (Specify if with other options) : N/A N/A B/C Date for Interim Dividend : 13/10/2000 Payable Date : 19/10/2000 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : None B/C Dates for Other Distribution : N/A Remarks: (1) Following new presentation rules under the Statement of Standard Accounting Practice No.1 "Presentation of Financial Statements", certain comparative figures were restated to conform to the new format prescribed. (2) The calculation of basic earnings per share is based on the profit attributable to shareholders of approximately HK$1,547,000 (1999: HK$12,451,000) and on the weighted average number of approximately 455,663,000 shares (1999: 456,097,000 shares) in issue during the period. Diluted earnings per share is not shown, as there is no dilution effect for both periods.