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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Imran who wrote (1481)	3/26/1998 7:31:00 AM
From: Julius Wong	Read Replies (2) \| Respond to of 2951

HK/Cheung Kong/Earnings -2: Net Pft Up 28% AP-Dow Jones News Service Cheung Kong Holdings Ltd. - Hong Kong Year Dec. 31: 1997 1996 After-Tax Profit HK$17,602,000,000 HK$13,765,000,000 Revenue 7,857,000,000 13,202,000,000 Exceptional Item 5,718,000,000 1,514,000,000 Per Share Earnings 7.66 6.02 Full-Yr Div 1.62 1.38

To: Imran who wrote (1481)	3/27/1998 11:28:00 PM
From: ----------	Read Replies (1) \| Respond to of 2951

Hello Imran: Here is the press release with details...hope this helps. Doug 16:48 CHEUNG KONG - Results Announcement Cheung Kong (Holdings) Limited announced on 26/3/98 : (stock code: 1) Year end date: 31/12/97 Currency: HKD Last Current Corresponding Period Period from 1/1/97 from 1/1/96 to 31/12/97 to 31/12/96 ($'Million) ($'Million) Turnover : 7,857 13,202 Profit-Continuing Operations - Operating Profit/(Loss) : 2,545 3,197 - Exceptional Items : 5,718 1,514 - Discontinued Operations : NIL NIL Total Operating Profit/(Loss) : 8,263 4,711 Share of Profit/(Loss) of Associated Companies : 10,768 11,023 Profit/(Loss) after Tax & MI : 17,602 13,765 % Change over Last Period : +27.9% EPS/(LPS)-Basic : $7.66 $6.02 -Fully diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : NIL NIL Profit/(Loss) after ETD Items : 17,602 13,765 Final Dividend per Share : $1.23 $1.05 (Specify if with other options) : NIL NIL B/C Dates for Final Dividend : 21/5/98 to 28/5/98 bdi Payable Date : 29/5/98 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : NIL B/C Dates for Other Distribution : N/A Remark: 1997 Exceptional items for the year comprise of the followings HK$Million (i) the Group's realised profit on disposal of the 7,728 entire 70.66% shareholding in Cheung Kong Infrastructure Holdings Limited to a subsidiary of Hutchison Whampoa Limited, an associated company, pursuant to the Group restructuring in March, 1997 (ii) provision for listed securities (1,260) (iii) provision for property development project (750) ------- 5,718 =======