Tomson Group Limited — Earnings Release 2002

Sep 25, 2002

Listed Company Information

CHINA LAND GP<00149> - Results Announcement (Summary) China Land Group Limited announced on 25/9/2002: (stock code: 149) Year end date: 31/12/2002 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 30/6/2002 to 30/6/2001 ('000) ('000) Turnover : 58,416 84,617 Profit/(Loss) from Operations : (92,323) (28,707) Finance cost : (18,909) (8,456) Share of Profit/(Loss) of Associates : (151) (543) Share of Profit/(Loss) of Jointly Controlled Entities : 0 0 Profit/(Loss) after Tax & MI : (73,611) (38,111) % Change over Last Period : N/A EPS/(LPS)-Basic : (5.40 cents) (3.35 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (73,611) (38,111) Interim Dividend per Share : Nil Nil (Specify if with other options) : - - 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. Turnover Turnover represents the net amounts received and receivable from outside customers during the period as follows: Six months ended 30th June, 2002 2001 HK$'000 HK$'000 Hotel operation 21,452 24,925 Sales of properties 8,860 56,703 Property rental income 2,910 2,989 Toll revenue 25,194 - -------- ---------- 58,416 84,617 ======= ======== 2. Loss from operations Six months ended 30th June, 2002 2001 HK$'000 HK$'000 Loss from operations has been arrived at after charging (crediting): Depreciation and amortisation 18,439 955 Less: amount capitalised in construction in progress - (181) --------- ----------- 18,439 774 Unrealised (gain) loss on investments in securities (1,114) 6,741 ======= ====== 3. Taxation No provision of Hong Kong Profits Tax or taxation in other jurisdictions has been made in the condensed consolidated financial statements as the Group had no assessable profit for both periods. 4. Loss per share The calculation of the basic loss per share is based on the loss for the period of approximately HK$73,611,000 (2001: HK$38,111,000) and on the 1,362,419,295 (2001: 1,136,419,295) ordinary shares in issue during the period. No diluted loss per share is presented for either period as there are no dilutive ordinary shares in issue.