CHINA RESOURCES<00291> - Results Announcement
China Resources Enterprise, Limited announced on 3/4/2003:
(stock code: 00291 )
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 : 28,822,019 24,196,490
Profit/(Loss) from Operations : 1,800,373 2,021,801
Finance cost : (312,246) (422,668)
Share of Profit/(Loss) of
Associates : 449,930 422,559
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 1,402,945 1,204,807
% Change over Last Period : +16.45 %
EPS/(LPS)-Basic (in dollars) : 0.68 0.6
-Diluted (in dollars) : 0.67 0.59
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 1,402,945 1,204,807
Final Dividend : $0.13 $0.10
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 2/6/2003 to 5/6/2003 bdi.
Payable Date : 2/7/2003
B/C Dates for Annual
General Meeting : 2/6/2003 to 5/6/2003 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
Earnings per share
The calculation of the basic and diluted earnings per share is based on
the following data:
2002 2001
HK$'000 HK$'000
Earnings
Profit attributable to shareholders for the
purpose of calculating basic earnings
per share 1,402,945 1,204,807
Interest saving on exercise
of convertible bonds 69,561 --
----------- -----------
Net profit attributable to
Shareholders for the purpose
of calculating diluted earnings
per share 1,472,506 1,204,807
========= ==========
2002 2001
Number of shares
Weighted average number of ordinary
shares for
the purpose of calculating basic
earnings per share 2,070,867,429 2,010,044,074
Effect of dilutive potential
ordinary shares:
- Share options 12,236,759 17,212,460
- Convertible bonds
119,595,400 --
---------------- ---------------
Weighted average number of ordinary
shares for the purpose of calculating
diluted earnings per share 2,202,699,588 2,027,256,534
============= =============
The effect of exercise of convertible bonds in 2001 is anti-dilutive.
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