Sinopec Engineering Group Co Ltd. — Earnings Release 2002

Oct 22, 2002

Listed Company Information

UNIVERSE INT'L<01046> - Results Announcement (Summary) Universe International Holdings Limited announced on 22/10/2002: (stock code: 1046) Year end date: 30/6/2002 Currency: HKD Auditors' Report: Unqualified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/7/2001 from 1/7/2000 to 30/6/2002 to 30/6/2001 ('000) ('000) Turnover : 306,741 306,576 Profit/(Loss) from Operations : 24,657 56,512 Finance cost : (9,792) (6,573) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 10,027 40,188 % Change over Last Period : -75% EPS/(LPS)-Basic : 1.05 cents 4.24 cents -Diluted : 1.04 cents 3.87 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 10,027 40,188 Final Dividend per Share : NIL 0.3 cent (Specify if with other options) : N/A (scrip dividend with cash option) B/C Dates for Final 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 Remark: Basis of calculation for EPS of the current period (a) Basic Earnings per Share: The calculation of basic earnings per share is based on the Group's profit attributable to shareholders of approximately HK$10,027,000 (2001: HK$40,188,000) and on the weighted average of 954,619,681 ordinary shares in issue (2001: 948,802,551 ordinary shares) during the year. (b) Diluted Earnings per Share: The calculation of diluted earnings per share for the year ended 30th June 2002 was based on the Group's profit attributable to shareholders of approximately HK$10,027,000 and on 967,417,025 ordinary shares which is the weighted average of ordinary shares in issue during the year plus the weighted average of 12,797,344 ordinary shares deemed to be issued at no consideration if all outstanding options had been exercised. The potential shares arising from the exercise of the convertible notes would increase the earnings per share of the Group for the year ended 30th June 2002 and would be regarded as anti-dilutive. The calculation of diluted earnings per share for the year ended 30th June 2001 was based on the Group's profit attributable to shareholders of approximately HK$40,188,000 plus the interest on convertible notes after taxation of approximately HK$843,000, and on 1,059,394,887 ordinary shares which is the weighted average number of ordinary shares in issue during the year plus the weighted average of 110,592,336 ordinary shares deemed to be issued at no consideration if all outstanding options and convertible notes had been exercised.