EXCEL TECH<08048> - Results Announcement (Q3, 2002, Summary)
Excel Technology International Holdings Limited announced on 11/11/2002:
(stock code: 08048)
Year end date :31/12/2002
Currency :HKD
Auditors' report :N/A
Review of 3rd Quarterly Report by :Audit Committee
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
(Unaudited) (Unaudited)
Current Last
Corresponding
Period Period
from 1/1/2002 from 1/1/2001
to 30/9/2002 to 30/9/2001
$'000 $'000
Turnover : 117,285 129,294
Profit/(Loss) from Operations : (32,601) 11,278
Finance cost : (3,148) (3,544)
Share of Profit/(Loss) of Associates : 2,315 (1,855)
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (34,809) (20,060)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0353) (HKD 0.0197)
Diluted (in dollar) : (HKD 0.0353) (HKD 0.0197)
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (34,809) (20,060)
3rd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd Quarterly Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
For and on behalf of
Excel Technology International Holdings Limited
Signature :
Name : Zee Chan Mei Chu, Peggy
Title : Chairman
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading. The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard
to the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.
Remarks:
1. Basis of presentation
The financial information presented has been prepared in
accordance with accounting policies which conform with all
applicable Statements of Standard Accounting Practice and
Interpretations issued by the Hong Kong Society of Accountants
and the accounting principles generally accepted in Hong Kong
and also the disclosure requirements of the GEM Listing Rules
of the Exchange as applicable to quarterly reports.
All significant intra-group transactions and balances have
been eliminated on consolidation.
2. Turnover
Turnover represents the sale of enterprise software products,
provision of customization, consulting & system integration
services, complementary computer hardware and software resale,
maintenance services and ASP software subscriptions.
3. Finance costs
Finance costs mainly represents interest costs on convertible
notes issued by the Company.
4. Loss per share
The calculation of basic loss per share for the nine months
ended 30th September, 2002 is based on the loss attributable to
shareholders of approximately HK$34,809,000 (2001: HK$20,060,000)
and the weighted average number of 985,050,000 shares
(2001:1,017,389,363 shares) in issue during the period.
The calculation of basic loss per share for the three months
ended 30th September, 2002 is based on the loss attributable to
shareholders of approximately HK$19,048,000 (2001: HK$27,959,000)
and the weighted average number of 985,050,000 shares
(2001: 1,051,601,043 shares) in issue during the period.
Diluted loss per share for the periods ended 30th September,
2002 and 2001 are the same as the basic loss per share because
there was no dilutive effect in existence during the respective
periods.
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