TIAN AN<00028> - Results Announcement
Tian An China Investments Company Limited announced on 26/03/2003:
(stock code: 00028 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 31/12/2002 to 31/12/2001
Note ('000 ) ('000 )
Turnover : 1,080,332 299,273
Profit/(Loss) from Operations : 253,462 65,396
Finance cost : (56,317) (39,161)
Share of Profit/(Loss) of
Associates : 2,595 2,041
Share of Profit/(Loss) of
Jointly Controlled Entities : 118,309 116,809
Profit/(Loss) after Tax & MI : 97,198 102,782
% Change over Last Period : -5 %
EPS/(LPS)-Basic (in dollars) : 0.011 0.012
-Diluted (in dollars) : 0.011 0.012
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 97,198 102,782
Final Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final 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. Turnover represents the aggregate of proceeds on the sale of development
properties, rental income, interest income on instalments receivable,
income from property management, commission from agency services
and sales of construction material.
2. Profit from operations for both year includes the share of results of
jointly controlled entities because the jointly controlled entities are
mainly engaged in property development and investment.
3. Earnings per share
The calculation of basic and diluted earnings per share is based on the
following data:
2002 2001
HK$'000 HK$'000
Earnings
Earnings for the purposes of basic
earnings per share 97,198 102,782
Effect of dilutive potential ordinary shares:
Adjustment to the share of result of a
subsidiary based on dilution of its earnings
per share 0 (160)
---------- --------
Earnings for the purpose of dilutive earnings
per share 97,198 102,622
========= =======
2002 2001
Number of Shares
Weighted average number of ordinary shares for the
purposes of basic and diluted earnings
per share 8,490,704,474 8,490,678,716
============== =============
The computation of diluted earnings per share for both years does not
assume the conversion of the Company's outstanding convertible loan notes
since their exercise would result in an increase in earnings per share
from continuing ordinary operations.
The computation of diluted earnings per share for both years does not
assume the exercise of the company's outstanding share options and
warrants as the exercise prices are higher than the average market price
per share.
4. Comparative figures
Certain comparative figures have been realigned to conform with the
current year's presentation.
|
