EXCEL TECH<08048> - Results Announcement (Final, 2002, Summary)
Excel Technology International Holdings Limited announced on 17/03/2003:
(stock code: 08048 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(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 : 193,398 173,111
Profit/(Loss) from Operations : (53,437) (15,454)
Finance cost : (3,239) (5,949)
Share of Profit/(Loss) of
Associates : 1,236 (2,003)
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (68,821) (84,776)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollar) : (0.0699) (0.0842)
-Diluted (in dollar) : (0.0699) (0.0842)
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (68,821) (84,776)
Final Dividend : N/A N/A
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
For and on behalf of
Excel Technology International Holdings Limited
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
whatsever 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 has been prepared in accordance with all
applicable Statements of Standard Accounting Practice ("SSAP") and
Interpretations issued by the Hong Kong Society of Accountants,
accounting principles generally accepted in Hong Kong and the
disclosure requirements of the Hong Kong Companies Ordinance.
This financial information also complies with the applicable
disclosure requirements of the Growth Enterprise Market operated by
The Stock Exchange of Hong Kong Limited.
The measurement basis used in the preparation of the financial
information is historical cost modified by the marking to market of
certain investments in securities at the balance sheet date.
All significant intra-group transactions and balances have been
eliminated on consolidation.
2. Turnover
The principal activities of the Group are the development, sales and
implementation of enterprise software.
Turnover represents income from complementary computer hardware and
software sales and IT services (including the ASP business) rendered
to customers during the year, net of returns and discounts allowed,
after eliminating intra-group transactions.
3. Loss per share
The calculation of basic loss per share is based on the loss
attributable to shareholders of $68,821,000 (2001: loss of
$84,776,000) and the weighted average of 985,050,000 shares (2001:
1,007,435,135).
Diluted loss per share for the years ended 31 December 2002 and 2001
is the same as the basic loss per share because there was no dilutive
effect in existence during the respective years.
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