Sunac Services Holdings Limited — Earnings Release 2000

Jul 19, 2000

Listed Company Information

SHUN CHEONG<0650> - Results Announcement Shun Cheong Holdings Limited announced on 19/7/2000: (stock code: 650) Year end date: 31/3/2000 Currency: HKD (Audited) (Audited) Last Current Corresponding Period Period from 1/4/1999 from 1/4/1998 to 31/3/2000 to 31/3/1999 Turnover - Continuing : 699,967,000 602,346,000 - Discontinued : - - Operating Profit/(Loss) - Continuing : 41,114,000 25,715,000 - Discontinued : - - Total Operating Profit/(Loss) : 41,114,000 25,715,000 Share of Profit/(Loss) of Associated Companies : (158,000) 4,000 Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 32,028,000 18,025,000 % Change over Last Period : +77.69% EPS/(LPS)-Basic : 9.63 cents 5.55 cents -Diluted : 9.54 cents N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 32,028,000 18,025,000 Final Dividend per Share : 1.75 cents 1.5 cents (Specify if with other options) : - - B/C Dates for Final Dividend : 6/9/2000 to 11/9/2000 bdi. Payable Date : on or before 29/9/2000 B/C Dates for Annua General Meeting : 6/9/2000 to 11/9/2000 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: 1) Earnings per share The calculation of the basic and diluted earnings per share for the year ended 31 March 2000 is based on the following data: Year ended 31 March, 2000 1999 HK$'000 HK$'000 Earnings Earnings for the purposes of basic and diluted earnings per share 32,028 18,025 ======= ======= Number of share Weighted average number of ordinary shares for the purposes of basic earnings per share 332,445,350 325,041,600 Effect of dilutive potential ordinary shares: Share options 3,384,281 - -------------------------------- Weighted average number of ordinary shares for the purposes of diluted earnings per share 335,829,631 325,041,600 ========== ========== 2) Comparative Figures The Group has adopted the following Statement of Standard of Accounting Practice ("SSAP") issued by the Hong Kong Society of Accountants which became effective in the year. SSAP 1 (Revised) Presentation of Financial Statements SSAP 1 (Revised) is concerned with the presentation of financial information. The presentation statements in the current year have been modified in order to conform with the requirements of this standard. Comparative figures have been restated to achieve a consistent presentation. None of the amendments had affected the results in the current or prior years.