WH Group Limited — Earnings Release 2005

Dec 23, 2004

Listed Company Information

Listed Company Information
PREMIUM LAND<00164> - Results Announcement Premium Land Limited announced on 23/12/2004: (stock code: 00164 ) Year end date: 31/03/2005 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/04/2004 from 01/04/2003 to 30/09/2004 to 30/09/2003 Note ('000 ) ('000 ) Turnover : 52,217 83,906 Profit/(Loss) from Operations : (32,283) (17,079) Finance cost : (2,272) (9,002) Share of Profit/(Loss) of Associates : 9 (30) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (34,580) (25,939) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0077) (0.0069) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (34,580) (25,939) 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: 1. BASIS OF PREPARATION The unaudited condensed financial statements have been prepared in accordance with Statement of Standard Accounting Practice ("SSAP") 25 "Interim financial reporting" issued by the Hong Kong Society of Accountants ("HKSA"), and with the applicable disclosure requirements of Appendix 16 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). 2. PRINCIPAL ACCOUNTING POLICIES The condensed financial statements have been prepared under the historical cost convention as modified for the revaluation of investment properties and certain investments in securities. The accounting policies adopted are consistent with those followed in the preparation of the Group's financial statements for the year ended 31st March, 2004. 3. LOSS PER SHARE The calculation of the basic loss per share is based on the loss for the six month ended 30th September, 2004 of HK$34,580,000 (six months ended 30th September 2003: HK$25,939,000 and on the weighted average number of 4,511,445,970 shares (30th September, 2003: 3,771,445,970 shares) in issue during the period. No diluted loss per share has been presented as the exercise of the Company's outstanding share options would reduce the loss per share for the six months ended 30th September, 2003 and there are no dilutive potential ordinary shares in issue each for the six months ended 30th September, 2004.