Tomson Group Limited — Earnings Release 1999

Aug 31, 1999

Listed Company Information

PUDONG DEV<0258> - Results Announcement Pudong Development Holdings Limited announced on 31/8/1999: (stock code: 258) Year end date: 31/12/1999 Currency: HK$ Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 30/6/1999 to 30/6/1998 ('000) ('000) Turnover : 151,718 92,851 Profit-Continuing Operations - Operating Profit/(Loss) : (47,945) (49,355) - Exceptional Items : 107 (100,734) - Discontinued Operations : N/A N/A Total Operating Profit/(Loss) : (47,838) (150,089) Share of Profit/(Loss) of Associated Companies : (5,465) 16,619 Profit/(Loss) after Tax & MI : (33,990) (111,544) % Change over Last Period : N/A EPS/(LPS)-Basic : (3.2 cents) (10.5 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (33,990) (111,544) 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) Exceptional items: Six months ended 30th June 1999 1998 HK$'000 HK$'000 Provision for loss on disposal of a (5,720) - subsidiary company Provision written bank/(provision) 5,827 (8,357) for diminution in value of marketable securities Profit on disposal of fixed assets - 10,768 Provision for bad and doubtful debts - (33,918) Provision for diminution in value - (46,269) of properties held for sale Provision for diminution in value - (22,958) of properties under development ------ ------ 107 (100,734) ==== ======= (2) Loss per share Calculation of the basic loss per share is based on the Group's loss for the six months ended 30th June, 1999 of HK$33,990,000 (1998: HK$111,544,000) and on the number of 1,059,749,112 shares (1998: 1,061,319,112 shares) in issue during the period. Diluted loss per share for the six months ended 30th June, 1999 is not applicable as there is no dilutive potential ordinary share outstanding for the period (1998: not applicable as there was no dilution for the period.)