Wang On Group Limited — Earnings Release 2002

Jul 19, 2002

Listed Company Information

WANG ON GROUP<01222> - Results Announcement (Summary) Wang On Group Limited announced on 19/7/2002: (stock code: 1222) Year end date: 31/3/2002 Currency: HKD Auditors' Report: Unqualified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/4/2001 from 1/4/2000 to 31/3/2002 to 31/3/2001 ('000) ('000) Turnover : 320,047 211,998 Profit/(Loss) from Operations : 38,756 (46,987) Finance cost : (3,482) (1,850) Share of Profit/(Loss) of Associates : 3,331 899 Amortisation of goodwill of associates : (4,482) - Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 27,700 (47,513) % Change over Last Period : N/A EPS/(LPS)-Basic : 1.81 cents (4.39 cents) -Diluted : 1.80 cents N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 27,700 (47,513) Final Dividend per Share : NIL NIL (Specify if with other options) : N/A N/A 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 : NIL 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 profit attributable to shareholders for the year of HK$27,700,000 (2001: loss of HK$47,513,000) and on the weighted average number of 1,531,551,990 (2001: 1,082,338,198) ordinary shares in issue during the year, as adjusted to reflect the rights issue and bonus issue during the year. The calculation of diluted earnings per share is based on the net profit attributable to shareholders for the year of HK$27,700,000. The weighted average number of ordinary shares used in the calculation is the 1,531,551,990 ordinary shares in issue during the year, as used in the basic earnings per share calculation and the weighted average of 6,425,028 ordinary shares assumed to have been issued at no consideration on the deemed exercise of all share options during the year. The diluted loss per share for the year ended 31 March 2001 has not been shown as the share options outstanding had an anti-dilutive effect on the basic loss per share.