Sinopec Engineering Group Co Ltd. — Earnings Release 2004

Oct 21, 2004

Listed Company Information

Listed Company Information
UNIVERSE INT'L<01046> - Results Announcement Universe International Holdings Limited announced on 21/10/2004: (stock code: 01046 ) Year end date: 30/6/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/7/2003 from 1/7/2002 to 30/6/2004 to 30/6/2003 Note ('000 ) ('000 ) Turnover : 227,605 251,246 Profit/(Loss) from Operations : 22,963 (32,989) Finance cost : (675) (1,123) Share of Profit/(Loss) of Associates : (6) N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (19,518) (28,310) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0132) (0.0263) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (19,518) (28,310) Final Dividend : Nil Nil per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Basis of calculation for EPS of the current period (a) Basic Loss Per Share: The calculation of basic loss per share is based on the loss for the year attributable to shareholders of HK$19,518,000 (2003: HK$28,310,000 (restated)) and the weighted average number of 1,477,349,894 ordinary shares in issue (2002: 1,074,815,452) during the year, as adjusted to reflect the right issue during the year. The number of ordinary shares in issue in 2003 have been restated for the effect of a rights issue. (b) Diluted Earnings Per Share: The diluted loss per share for the year ended 30th June 2004 is not presented as there was no dilutive potential ordinary shares outstanding during the year. The diluted loss per share for the year ended 30th June 2003 was not presented because the effect of the assumed conversion of all dilutive potential ordinary shares outstanding during the year ended 30th June 2003 was anti-dilutive. 2. Explanation for any change or adjustment of the last corresponding results For last corresponding year, Loss after Taxation & MI and Profit after ETD items decreased by HK$1,146,000 compared with result announcement form submitted previously following its adoption of Hong Kong Statements of Standard Accounting Practice No. 12 (Revised) "Income Taxes" which is effective for accounting periods commencing on or after 1st January 2003. In prior year, deferred taxation was accounted for at the current taxation rate in respect of timing differences between profit as computed for taxation purposes and profit as stated in the accounts to the extent that a liability or an assets was expected to be payable or recoverable in the foreseeable future. The adoption of the new SSAP 12 represents a change in accounting policy, which has been applied retrospectively so that the comparatives presented have been restated to conform to the changed policy. Basic Loss Per Share of last year has also decreased by HK0.45 cents compared with result announcement form submitted previously following its adoption of Hong Kong Statements of Standard Accounting Practice No. 12 (Revised) "Income Taxes" and adjustment to the weighted average no. of shares in issue to reflect the right issue during the year.