Wang On Group Limited — Earnings Release 2003

Dec 13, 2002

Listed Company Information

WANG ON GROUP<01222> - Results Announcement Wang On Group Limited announced on 13/12/2002: (stock code: 01222 ) Year end date: 31/3/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/04/2002 from 01/04/2001 to 30/09/2002 to 30/09/2001 Note ('000 ) ('000 ) Turnover : 153,400 145,882 Profit/(Loss) from Operations : 19,267 12,973 Finance cost : (1,238) (2,042) Share of Profit/(Loss) of Associates : (5,686) 129 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 5,490 7,562 % Change over Last Period : -27.4 % EPS/(LPS)-Basic (in dollars) : 0.0005 0.0088 -Diluted (in dollars) : N/A 0.0085 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 5,490 7,562 Interim Dividend : Nil Nil per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Earnings per share The calculation of basic earnings per share for the six months ended 30 September 2002 is based on the net profit attributable to shareholders for the period of HK$5,490,000 (2001: HK$7,562,000) and on the weighted average number of 11,484,037,727 (2001: 857,361,477) ordinary shares in issue during the period. The diluted earnings per share for the period ended 30 September 2002 has not been shown as the share options and warrants outstanding did not have a dilutive effect. The calculation of diluted earnings per share for the period ended 30 September 2001 was based on the net profit attributable to shareholders for the period of HK$7,562,000. The weighted average number of ordinary shares used in the calculation was 857,361,477 ordinary shares in issue during the period, as used in the basic earnings per share calculation, and the weighted average of 28,380,000 ordinary shares assumed to have been issued at no consideration on the deemed exercise of all share options during the period.