Smart Digital Technology Group Limited — Earnings Release 2002

Apr 23, 2003

Listed Company Information

MANSION HOLDING<00547> - Results Announcement Mansion Holdings Limited announced on 23/04/2003: (stock code: 00547 ) 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 ('000 ) ('000 ) Turnover : 66,652 75,973 Profit/(Loss) from Operations : (3,514) (10,900) Finance cost : (371) (1) 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 : (3,958) (11,304) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.001) (0.003) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (3,958) (11,304) 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 Annual General Meeting : 23/05/2003 to 29/05/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) TURNOVER 2002 2001 HK$'000 HK$'000 Restated Continuing Operations -Fire prevention and suppression 48,543 24,657 -Property investment 4,788 4,311 ------- -------- 53,331 28,968 Discontinued Operations -Building services contracting 13,321 47,005 ------- -------- 66,652 75,973 ======= ======== (2) PROFIT/(LOSS) FROM OPERATING ACTIVITIES 2002 2001 HK$'000 HK$'000 Restated Continuing Operations - Fire prevention and suppression (11,619) (5,282) - Property investment (2,781) (142) -------- -------- (14,400) (5,424) Discontinued Operations - Building services contracting (4,904) (909) Unallocated operating revenues 307 2,063 Unallocated operating costs (13,872) (6,630) Gain on disposal of subsidiaries engaged in discontinued operations 29,355 - -------- -------- (3,514) (10,900) (3) LOSS PER SHARE The calculation of basic loss per share is based on the Group's loss attributable to the shareholders of HK$3,958,000 (2001: HK$11,304,000) and the number of 4,182,438,973 (2001: 4,182,438,973) shares in issue during the year. The exercise of share options and warrants would have an anti- dilutive effect on the basic loss per share and accordingly no diluted loss per share for the year is presented. (4) DIVIDENDS No dividends have been paid or declared by the Company during the year (2001: Nil). (5) COMPARATIVE AMOUNTS The Group discontinued the building services contracting segment during the year by disposal of certain of the Group's subsidiaries which were principally engaged in the discontinued segment. Subsequent to the disposal, the Group has reorganized its operational structure and has classified its operations into the following business segments: (i) fire prevention and suppression - installation, maintaining and servicing, manufacturing and trading fire prevention and suppression systems and equipment; and (ii) property investment Accordingly, the definition of the turnover has been changed. The 2001 turnover was increased by HK$4,311,000 from HK$71,662,000 to HK$75,973,000 by inclusion of rental income which was included in other revenue in 2001 audited financial statements. Certain figures have been reclassified as discontinued operations to conform with the current year's presentation.