Silkwave Inc — Earnings Release 2000

Apr 24, 2001

Listed Company Information

SOUTH CHINA H<0265> - Results Announcement South China Holdings Limited announced on 24/4/2001: (stock codes: Ord: 265 & War: 357) Year end date: 31/12/2000 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 31/12/2000 to 31/12/1999 ('000) ('000) Turnover : 2,521,336 2,382,827 Profit/(Loss) from Operations : 4,743 192,778 Finance cost : (26,427) (17,954) Share of Profit/(Loss) of Associates : (40,721) (60,011) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (42,513) 57,930 % Change over Last Period : N/A EPS/(LPS)-Basic : ($0.093) $0.127 -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (42,513) 57,930 Final Dividend per Share : $0.050 $0.065 (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : 24/5/2001 to 25/5/2001 bdi. Payable Date : 12/6/2001 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : NONE B/C Dates for Other Distribution : N/A Remarks: 1. Earnings per share The calculation of basic (loss) earnings per share is based on the loss attributable to the shareholders of approximately HK$42,513,000 (1999: Profit of HK$57,930,000) and on the weighted average number of approximately 455,663,000 shares (1999: 455,950,000 shares) in issue during the year. Diluted (loss) earnings per share is not shown as there is no dilution effect for both years. 2. Profit from Operations The 1999 profit from operations is generated as follows: HK$'000 Operating profit 192,778 Finance cost (17,954) -------- 174,824 =======