Smart-Core Holdings Limited — Earnings Release 2002

Mar 28, 2003

Listed Company Information

UNITY INV HOLD<00913> - Results Announcement Unity Investments Holdings Limited announced on 28/03/2003: (stock code: 00913 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ($ ) ($ ) Turnover : 38,667,190 46,446,974 Profit/(Loss) from Operations : 544,039 1,105,058 Finance cost : (23,492) N/A 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 : 520,547 1,114,065 % Change over Last Period : -53.3 % EPS/(LPS)-Basic (in dollars) : 0.0026 0.0056 -Diluted (in dollars) : 0.0026 0.0055 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 520,547 1,114,065 Final Dividend : NIL 1 cent 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) The Group is principally engaged in the investment in listed and unlisted companies. Revenues recognized during the year are as follows: 2002 2001 HK$ HK$ Turnover Proceeds from sale of trading securities 38,667,190 46,446,974 ----------- ---------- Other revenues Interest income 879,659 2,807,827 Dividend income 2,173,968 582,960 Other income 10,000 - �w�w�w�w�w�w�w�w �w�w�w�w�w�w�w�w 3,063,627 3,390,787 ========= ========= Total revenues 41,730,817 49,837,761 ========= ========= (2) 2002 2001 HK$ HK$ Turnover Proceeds from sale of trading securities 38,667,190 46,446,974 Cost of sales (42,077,549) (42,215,052) ------------ ------------- Realised (loss)/gain on sale of trading securities (3,410,359) 4,231,922 Unrealised holding gain on trading securities 9,793,500 1,231,144 Other revenues 3,063,627 3,390,787 Administrative expenses (8,902,729) (7,748,795) �w�w�w�w�w�w�w�w�w �w�w�w�w�w Operating profit 544,039 1,105,058 Finance costs (23,492) - �w�w�w�w�w�w�w�w�w �w�w�w�w�w Profit before taxation 520,547 1,105,058 Taxation - 9,007 �w�w�w�w�w�w�w�w�w �w�w�w�w�w Profit attributable to shareholders 520,547 1,114,065 ������������������ ���������� Dividend - 1,000,000 ������������������ ���������� (3) Profit before taxation is stated after charging depreciation of HKD311,820 (2001: HKD343,014) (4) Hong Kong profits tax has not been provided in the accounts as the Group has no estimated assessable profit during the year. (5) The calculation of basic and diluted earnings per share is based on the Group's profit attributable to the shareholders of HKD520,547 (2001: HKD1,114,065). The number of ordinary shares in issue during the current and prior years has been adjusted retrospectively after taking into account the one to one bonus issue of shares of the Company effected on 24th May, 2002. The basic earnings per share is based on the weighted average of 200,000,004 (2001: 200,000,004) ordinary shares in issue during the year. The diluted earnings per share is based on 200,146,689 (2001: 201,344,116) ordinary shares which is the weighted average number of ordinary shares in issue during the year plus the weighted average of 146,685 (2001: 1,344,112) ordinary shares deemed to be issued at no consideration if all outstanding options had been exercised. (6) Surplus of HKD12,290,522 (2001:HKD10,800,000) on revaluation of investment securities was recorded in the investment revaluation reserve for the year ended 31st December 2002.