Vision Values Holdings Ltd. — Earnings Release 2002

Sep 20, 2002

Listed Company Information

ASIA LOGISTICS<00862> - Results Announcement (Summary) Asia Logistics Technologies Limited announced on 20/9/2002: (stock code: 862) Year end date: 31/12/2002 Currency: HK$ Auditors' Report: N/A Review of Interim Report by: Audit Committee (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 : 18,700 19,574 Profit/(Loss) from Operations : (33,212) 1,938 Finance cost : (977) (74) Share of Profit/(Loss) of Associates : (11,433) - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (41,172) 1,864 % Change over Last Period : N/A EPS/(LPS)-Basic : (1.28 cents) 0.07 cent -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (41,172) 1,864 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 2002 2001 HK$'000 HK$'000 Continuing operations 18,700 19,318 Discontinued operations - 256 --------- -------- 18,700 19,574 ========= ======== 2. Profit /(loss) from operating activities 2002 2001 HK$'000 HK$'000 Continuing operations 33,212 ( 765) Discontinued operations - 2,703 --------- -------- 33,212 1,938 ========= ======== 3. Basic earnings/ (loss) per share The calculation of basic earnings/(loss) per share is based on the net loss attributable to shareholders for the half year ended 30 June 2002 of HK$41,172,000 (2001: profit of HK$1,864,000), and the weighted average of 3,228,148,521 (2001: 2,652,046,000) ordinary shares in issue during the period. Diluted loss per share for the period ended 30 June 2002 and diluted earning per share for the period ended 30 June 2001 have not been shown, as the share option outstanding during these periods and the convertible bond outstanding during the period had anti-dilutive effect on the basic earnings/(loss) per share for the these periods. 4. Certain comparative amounts have been reclassified to conform with the current period's presentation.