Sinopec Engineering Group Co Ltd. — Earnings Release 2001

Mar 19, 2001

Listed Company Information

UNIVERSE INT'L<1046> - Results Announcement Universe International Holdings Limited announced on 19/3/2001: (stock code: 1046) Please refer to the press announcement for the details of the auditors' and audit committee's review report on the interim financial statement, to be issued by the Company on 20/3/2001. Year end date: 30/6/2001 Currency: HKD (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/7/2000 from 1/7/1999 to 31/12/2000 to 31/12/1999 ('000) ('000) Turnover : 144,769 115,730 Profit/(Loss) from Operations : 31,842 28,871 Finance cost : (3,577) (819) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 24,025 23,606 % Change over Last Period : +1.8% EPS/(LPS)-Basic : 2.54 cents 2.71 cents -Diluted : 2.32 cents N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 24,025 23,606 Interim Dividend per Share : NIL NIL (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 calculation for EPS of the current period a) Basic EPS: The calculation of basic earnings per share is based on the Group's profit attributable to shareholders of approximately HK$24,025,000 (1999: HK$23,606,000) and on the weighted average of 945,000,000 ordinary shares in issue (1999: 871,728,265 ordinary shares) during the period on the assumption that the subdivision of 1 share of HKD0.1 each to 5 shares of HKD0.02 each had been completed on 1st July 1999. Therefore, basic EPS for the period ended 1999 has been changed from 13.54 cents to 2.71 cents for comparative purpose. b) Diluted EPS: The calculation of diluted earnings per share is based on the Group's profit attributable to shareholders of approximately HK$24,025,000 plus interest after taxation on convertible notes of approximately HK$391,000 and on 945,000,000 ordinary shares which is the weighted average number of ordinary shares in issue during the period plus the weighted average of 108,231,711 ordinary shares deemed to be issued if all outstanding options and convertible notes had been exercised. (1999: N/A. No diluted earning per share was presented as there was no share option and convertible notes issued by the Company in the six months ended 31st December 1999) (2) Comparatives (Finance costs) Comparative figure of finance costs has been reclassified to conform with current period's presentation. In particular, the comparatives have been extended to take into account of the revised Hong Kong Statements of Standard Accounting Practice No. 1 which became effective.