Value Partners Group Limited — Earnings Release 2001

Jul 20, 2001

Listed Company Information

STARLITE HOLD<0403> - Results Announcement (Summary) Starlite Holdings Limited announced on 20/7/2001: (stock code: 403) Year end date: 31/3/2001 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/4/2000 from 1/4/1999 to 31/3/2001 to 31/3/2000 ('000) ('000) Turnover : 575,823 478,217 Profit/(Loss) from Operations : 43,419 35,607 Finance cost (net) : (13,123) (13,953) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 22,642 17,284 % Change over Last Period : +31% EPS/(LPS)-Basic : 5.64 cents 4.44 cents -Diluted : N/A 4.43 cents Extraordinary (ETD) Gain/(Loss) : Nil - Profit/(Loss) after ETD Items : 22,642 17,284 Final Dividend per Share : 1 cent NIL (Specify if with other options) : - - B/C Dates for Final Dividend : 17/9/2001 to 21/9/2001 bdi. Payable Date : 22/10/2001 B/C Dates for Annual General Meeting : 17/9/2001 to 21/9/2001 bdi. Other Distribution for Current Period : Nil B/C Dates for Other Distribution : N/A Remarks: (1) Operating profit Operating profit is arrived at after charging the following :- 31Mar 2001 31Mar 2000 HK$'000 HK$'000 Loss relating to termination of certain licensing rights (Note a) (5,499) (5,569) ======================= (a) Loss relating to termination of certain licensing rights From December 1998 to June 1999, the Group entered into agreements with certain licensors to terminate certain licensing rights to produce and print greeting cards by December 2000. In this connection, the Group recorded a provision of approximately HK$5,499,000 (2000 - $5,179,000) against related inventories and Nil (2000 - $390,000) against receivables from a licensor. (2) Earnings per share The calculation of basic and diluted earnings per share is based on the following data:- Year ended 31st March 2001 2000 HK$'000 HK$'000 Profit for the year 22,642 17,284 ======================== Weighted average number of ordinary shares used in calculating basic earnings per share '000 '000 401,801 389,332 Adjustment for potential dilutive effect in respect of employee share options - 1,068 ----------------------- Weighted average number of ordinary shares used in calculating diluted earnings per share 401,801 390,400 ======================== The diluted earnings per share for the year ended 31st March 2001 is not presented, as the outstanding employee share options have no dilutive effect. (3) Adjustments of comparative figure The comparative figure of turnover has been adjusted to take into account the reclassification of mould-making income and sub-contracting income of HK$2,564,000 from other income to turnover by the auditors. Certain comparative figures have been reclassified to conform with current year's presentation.