WH Group Limited — Earnings Release 2000

Dec 29, 1999

Listed Company Information

HUEY TAI INT'L<0164> - Results Announcement Huey Tai International Limited announced on 29/12/1999: (stock code: 164) Year end date: 31/3/2000 Currency: HK$ (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/4/1999 from 1/4/1998 to 30/9/1999 to 30/9/1998 ('000) ('000) Turnover - Continuing : 260,301 151,687 - Discontinued : - - Operating Profit/(Loss) - Continuing : 7,117 (300,142) - Discontinued : - - Total Operating Profit/(Loss) : 7,117 (300,142) Share of Profit/(Loss) of Associated Companies : 62,900 (7,655) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 30,156 (291,336) % Change over Last Period : N/A EPS/(LPS)-Basic : 1.93 cents (18.60 cents) -Diluted : 1.60 cents (18.61 cents) Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 30,156 (291,336) Interim Dividend per Share : Nil Nil (Specify if with other options) : - - B/C Dates for Interim Dividend : - Payable Date : - B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) Operating profit/(loss)-continuing The operating loss for the six months ended 30th September, 1998 included HK$220,723,000 net loss on deemed disposal of the Group's interest in Asean Resources Holdings Limited ("Asean"). The amount included the realisation of attributable credit balance of HK$89,911,000, HK$3,762,000 and HK$37,347,000 from the investment property revaluation reserve, other property revaluation reserve and capital reserve on consolidation respectively. 2) Earnings/(Loss) per share The calculations of the basic and diluted earnings/(loss) per share are based on the following data:- Earnings/(loss) Six months ended 30th September, 1999 1998 HK$'000 HK$'000 Earnings/(loss) for the purpose of basic earnings/(loss) per share 30,156 (291,336) Effect of dilutive potential ordinary shares: Adjustment to the share of result of Asean based on the dilution of its earnings /(loss) per share (4,421) (156) Adjustment to the share of result of an associated company based on the dilution of its earnings per share (766) (28) ---------- ---------- Earnings/(loss) for the purpose of diluted earnings/(loss) per share 24,969 (291,520) ========= ========== Number of shares: Six months ended 30th September, 1999 1998 Weighted average number of ordinary shares 1,564,735,970 1,566,128,238 ============= ============= Notes:- 1) The computation of diluted earnings/(loss) per share does not assume the exercise of the outstanding share options as the exercise price is higher than the fair value per share. 2) The computation of diluted earnings/(loss) per share does not assume the conversion of the Group's outstanding convertible guaranteed bonds since their exercise would result in an increase in earnings per share (1998: a decrease in loss per share) from continuing ordinary operations.