Tradelink Electronic Commerce Limited — Earnings Release 2002

Jul 23, 2002

Listed Company Information

KWOON CHUNG BUS<00306> - Results Announcement (Summary) Kwoon Chung Bus Holdings Limited announced on 23/7/2002: (stock code: 306) Year end date: 31/3/2002 Currency: HK$ Auditors' Report: Unqualified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/4/2001 from 1/4/2000 to 31/3/2002 to 31/3/2001 ('000) ('000) Turnover : 982,227 935,509 Profit/(Loss) from Operations : 38,914 42,888 Finance cost : (14,681) (17,540) Share of Profit/(Loss) of Associates : (1,034) (1,055) Share of Profit/(Loss) of Jointly Controlled Entities : 3,415 15,457 Profit/(Loss) after Tax & MI : 8,036 20,424 % Change over Last Period : -60.7% EPS/(LPS)-Basic : 2.0 cents 5.2 cents -Diluted : 2.0 cents 5.2 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 8,036 20,424 Final Dividend per Share : 2.0 cents 1.0 cent (Specify if with other options) : - - B/C Dates for Final Dividend : 20/8/2002 to 26/8/2002 bdi. Payable Date : 31/8/2002 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. Significant item before taxation In July 2001 and January 2002, certain subsidiaries of the Company in respect of non-franchised and franchised bus services respectively announced proposals to terminate employment of certain staff. The subsidiaries had recruited staff under new contracts for their operations. 2. Earnings per share The calculation of basic earnings per share is based on the net profit from ordinary activities attributable to shareholders for the year of HK$8,036,000 (2001: HK$20,424,000) and on the weighted average number of 393,906,000 (2001: HK$393,906,000) ordinary shares in issue during the year. 2002 2001 HK$'000 HK$'000 Earnings: Net profit attributable to shareholders, for the purpose of basic and diluted earnings per share calculation 8,036 20,424 Shares: Number of shares Weighted average number of ordinary shares in issue during the year for the purpose of basic earnings per share calculation 393,906,000 393,906,000 Weighted average number of ordinary shares assumed issued at no consideration on deemed exercise of all share options outstanding during the year 71,467 11,251 Weighted average number of ordinary shares for the purpose of diluted earning per share calculation 393,977,467 393,917,251 3. Due to the adoption of revised/new SSAPs during the current year, the presentation of the profit and loss account, the balance sheets and certain supporting notes has been revised to comply with the new requirements. Accordingly, certain comparative amounts have been reclassified to conform with the current year's presentation.