Sinopec Engineering Group Co Ltd. — Interim / Quarterly Report 2004

Mar 25, 2004

Listed Company Information

UNIVERSE INT'L<01046> - Results Announcement Universe International Holdings Limited announced on 25/3/2004: (stock code: 01046 ) Year end date: 30/6/2004 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/7/2003 from 1/7/2002 to 31/12/2003 to 31/12/2002 Note ('000 ) ('000 ) Turnover : 120,800 158,444 Profit/(Loss) from Operations : 5,713 5,831 Finance cost : (361) (603) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 4,382 2,216 % Change over Last Period : +97.74 % EPS/(LPS)-Basic (in dollars) : 0.0033 0.0021 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 4,382 2,216 Interim Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Interim 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 Earnings Per Share: The calculation of basic earnings per share is based on the profit for the period attributable to shareholders of HK$4,382,000 (2002: HK$2,216,000 (restated)) and the weighted average of 1,331,695,020 ordinary shares (2002: 1,074,815,452 shares, as restated) in issue during the period, as adjusted to reflect the rights issue during the period. (b) Diluted Earnings Per Share: The diluted earnings per share for the period ended 31st December 2002 has not been calculated as there was no dilution effect after taking into account of all potential ordinary shares under the share option scheme. The diluted earnings per share for the period ended 31st December 2003 has not been presented as there was no outstanding option as at 31st December 2003. 2. For last corresponding period, Profit after Taxation & MI and Profit after ETD items decreased by HK$1,915,000 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 EPS of last year has also decreased by HK0.21 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 six-month period ended 31st December 2003.