Suncorp Technologies Limited — Earnings Release 1999

Sep 10, 1999

Listed Company Information

DVB (HOLDINGS)<0500> - Results Announcement DVB (Holdings) Limited announced on 9/9/1999: (stock code: 500) Year end date: 31/12/1999 Currency: HKD Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 30/6/1999 to 30/6/1998 ('000) ('000) Turnover/Interest Income : 271,984 480,560 Profit-Continuing Operations - Operating Profit/(Loss) : (5,510) (4,629) - Exceptional Items : (342,498) NIL - Discontinued Operations : NIL NIL Total Operating Profit/(Loss) : (348,008) (4,629) Share of Profit/(Loss) of Associated Companies : (34,040) (11,679) Profit/(Loss) after Tax & MI : (382,048) (16,308) % Change over Last Period : N/A EPS/(LPS)-Basic : ($2.29) ($0.12) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : NIL NIL Profit/(Loss) after ETD Items : (382,048) (16,308) Interim Dividend per Ordinary Share : NIL NIL (Specify if with other options) : N/A N/A B/C Dates for Interim Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) Exceptional Items: Group Six months ended Six months ended June 30, 1999 June 30, 1998 HK$'000 HK$'000 Loss on deemed disposal of an associated company (17,484) - Provision for diminution in value of investment in associated companies (173,742) - Write-off of Reserves relating to the associated Companies (151,272) - --------- ------------ (342,498) - ========= ============ (2) Loss per share is calculated on the loss attributable to shareholders plus the dividend on preference shares (HK$3,039,000) for the six-month period ended June 30, 1999 of HK$385,087,000 (1998: loss of HK$19,399,000) and the weighted average of 168,035,390 shares in issue during the period (1998: 166,632,924 shares). No diluted loss per share is shown for the period ended 30 June 1999 as dilution effects arising from the exercise of convertible preference shares would be anti-dilutive. No diluted loss per share is shown for the period 30 June 1999 as the Company does not have any dilutive potential ordinary shares. (3) No profit tax is provided as the Group did not generate any assessable profits in Hong Kong or overseas during the six-month period ended June 30, 1999. For more details, please refer to the press announcement today.