Silkwave Inc — Earnings Release 2002

Sep 27, 2002

Listed Company Information

SOUTH CHINA H<00265> - Results Announcement (Summary) South China Holdings Limited announced on 27/9/2002: (stock codes: Ord: 265 & War: 1048) Year end date: 31/12/2002 Currency: HK$ Auditors' Report: N/A Review of Interim Report by: Audit Committee (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 : 716,959 771,044 Profit/(Loss) from Operations : (34,045) 23,796 Finance cost : (7,135) (11,508) Share of Profit/(Loss) of Associates : (77,301) 723 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (85,579) 13,632 % Change over Last Period : N/A EPS/(LPS)-Basic : (4.69 cents) 0.75 cent -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (85,579) 13,632 Interim Dividend per Share : NIL 0.10 cent (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. Loss before taxation includes the gain on disposal/deemed disposal of subsidiaries of approximately HK$86,142,000 related to the financial restructuring of a former listed subsidiary of the Group. 2. The calculation of basic (loss) earnings per share is based on the loss attributable to shareholders of approximately HK$85,579,000 (2001: profit of HK$13,632,000) and on approximately 1,823,401,000 shares (2001: 1,822,652,000 shares) in issue during the period. Diluted (loss) earnings per share is not shown as there is no dilution effect for both periods.