Sinopec Engineering Group Co Ltd. — Earnings Release 2000

Oct 24, 2000

Listed Company Information

UNIVERSE INT'L<1046> - Results Announcement Universe International Holdings Limited announced on 24/10/2000: (stock code: 1046) Year end date: 30/6/2000 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/7/1999 from 1/7/1998 to 30/6/2000 to 30/6/1999 Turnover : 289,316,000 205,506,000 Profit/(Loss) from Operations : 70,486,000 49,250,000 Finance cost : (2,767,000) (1,552,000) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 61,063,000 41,203,000 % Change over Last Period : +48.2% EPS/(LPS)-Basic : 33.99 cents 36.33 cents -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 61,063,000 41,203,000 Final Dividend per Share : 3 cents NIL (Specify if with other options) : (scrip dividend N/A with cash option) B/C Dates for Final Dividend : 22/11/2000 to 27/11/2000 bdi. Payable Date : 8/1/2001 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. Listing date and the basis of presentation of results (a) The company was incorporated in Bermuda on 26th March 1999 as an exempted company with limited liability under the Companies Act 1981 Bermuda (as amended). (b) On 28th June 1999, pursuant to a group reorganisation to rationalise the group structure in preparation for the public listing of the company's shares on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), the company became the holding company of the group. The company's shares were successfully listed on the Stock Exchange on 20th July 1999. (c) The group reorganisation referred to above has been reflected in the accounts by regarding the Group, which comprises the company and its subsidiaries, as a continuing entity. Accordingly, the group accounts have been prepared on the basis as if the company had been the holding company throughout the accounting periods presented. In the opinion of the directors, the consolidated accounts prepared on the above basis present more fairly the results and the state of affairs of the group as a whole. 2. Basis of calculation for EPS of the current period Basic EPS: The calculation of basic earnings per share is based on the Group's profit attributable to shareholders of HK$61,063,000 (1999: HK$41,203,000) and on the weighted average of 179,640,984 ordinary shares (1999: 113,400,000 ordinary shares deemed to be in issue) throughout the respective period on the summation that the reorganisation of the Group had been completed on 1st July 1998. Diluted EPS: N/A. Since there is no dilution effect arising from the share options granted by the Company. 3. Changes made in comparative figures Due to the adoption of new SSAP, certain comparative figures have been changed in order to comply with the requirements of the SSAP.