Wang On Group Limited — Earnings Release 2001

Jul 9, 2001

Listed Company Information

WANG ON GROUP<1222> - Results Announcement (Summary) Wang On Group Limited announced on 6/7/2001: (stock code: 1222) Year end date: 31/3/2001 Currency: HKD (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 : 211,998 342,646 Profit/(Loss) from Operations : (46,987) 21,056 Finance cost : (1,850) (5,989) Share of Profit/(Loss) of Associates : 899 5,595 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (47,513) 21,051 % Change over Last Period : N/A EPS/(LPS)-Basic : (6.08 cents) 4.55 cents -Diluted : N/A 4.39 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (47,513) 21,051 Final Dividend per Share : NIL $0.01 (Specify if with other options) : - (with scrip option) B/C Dates for Final 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 Remark: Earnings/(loss) per share The calculation of basic earnings/(loss) per share is based on the net loss attributable to shareholders for the year of HK$47,513,000 (2000: profit of HK$21,051,000) and on the weighted average number of 781,688,699 (2000: 463,095,553) ordinary shares in issue during the year. In the prior year, the calculation of diluted earnings per share was based on the net profit attributable to shareholders for the year of HK$21,051,000. The weighted average number of ordinary shares used in the calculation is 463,095,553 ordinary shares in issue as used in the basic earnings per share calculation, and the weighted average of 16,862,965 ordinary shares assumed to have been issued at no consideration on the deemed exercise of all share options. The diluted loss per share for the year ended 31 March 2001 has not been shown as the options outstanding this year had an anti-dilutive effect on the basic loss per share. For more details, please refer to the press announcement today.