Wanda Hotel Development Company Limited — Earnings Release 2003

Jul 10, 2003

Listed Company Information

ASSO INT HOTELS<00105> - Results Announcement Associated International Hotels Limited announced on 10/07/2003: (stock code: 00105 ) Year end date: 31/03/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/04/2002 from 01/04/2001 to 31/03/2003 to 31/03/2002 Note ('000 ) ('000 ) Turnover : 412,739 390,940 Profit/(Loss) from Operations 1 : 151,022 141,233 Finance cost : (563) (960) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI 2 : 96,511 108,259 % Change over Last Period : -10.9 % EPS/(LPS)-Basic (in dollars) 3 : 0.27 0.3 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 96,511 108,259 Final Dividend : HK$0.07 HK$0.20 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 22/09/2003 to 26/09/2003bdi. Payable Date : 06/10/2003 B/C Dates for Annual General Meeting : 22/09/2003 to 26/09/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Associated International Hotels Limited * Notes: (1) The figure for the last financial year has been reclassified to conform with the current year's presentation. (2) The profit after Taxation & MI for the year ended 31 March 2003 is arrived after charging impairment loss of HK$29,397,000 (2002: HK$9,807,000) in respect of other properties and land held for development. (3) The calculation of basic earnings per share is based on the profit attributable to shareholders of HK$96,511,000 (2002: HK$108,259,000) and 360,000,000 (2002: 360,000,000) ordinary shares in issue during the year. There were no potential dilutive ordinary shares in existence in 2002 and 2003.