Sunac Services Holdings Limited — Earnings Release 2001

Dec 14, 2000

Listed Company Information

SHUN CHEONG<0650> - Results Announcement Shun Cheong Holdings Limited announced on 14/12/2000: (stock code: 650) Year end date: 31/3/2001 Currency: HKD (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/4/2000 from 1/4/1999 to 30/9/2000 to 30/9/1999 Turnover : 350,709,000 273,822,000 Profit/(Loss) from Operations : 12,171,000 18,082,000 Finance cost : (2,193,000) (2,003,000) Share of Profit/(Loss) of Associates : (1,000) (4,000) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 5,893,000 13,541,000 % Change over Last Period : -56.48% EPS/(LPS)-Basic : 1.52 cents 4.14 cents -Diluted : 1.52 cents 4.11 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 5,893,000 13,541,000 Interim Dividend per Share : NIL NIL (Specify if with other options) : N/A N/A B/C Dates for Interim 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 Remarks: (1) Profit after taxation and MI is determined after charging the following item: Six months ended 30th September 2000 1999 HK$'000 HK$'000 Provision for impairment in value of an investment 11,171 - ======================== (2) Earnings per share The calculation of the basic and diluted earnings per share for the six months ended 30th September 2000 is based on the following data: Six months ended 30th September 2000 1999 HK$'000 HK$'000 Earnings Earnings for the purposes of basic and diluted earnings per share 5,893 13,541 ====================== Number of share Weighted average number of ordinary shares for the purposes of basic earnings per share 387,371,600 326,798,267 Effect of dilutive potential ordinary shares: Share options 97,012 2,784,490 -------------------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 387,468,612 329,985,757 ========================== (3) Comparative figures Certain of the 1999 comparative figures have been reclassified to conform to the current period's presentation as a result of changes in the reporting requirements in accordance with Statements of Standard Accounting Practice Number 1 "Presentation of financial statements" issued by the Hong Kong Society of Accountants.