EXCEL TECH<08048> - Results Announcement
Excel Technology International Holdings Limited announced on 12/05/2003:
(stock code: 08048 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
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
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2003 from 01/01/2002
to 31/03/2003 to 31/03/2002
Note ('000 ) ('000 )
Turnover : 59,984 29,140
Profit/(Loss) from Operations : (8,694) (8,017)
Finance cost : (182) (1,769)
Share of Profit/(Loss) of
Associates : 269 597
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (8,100) (9,551)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.0082) (0.0097)
-Diluted (in dollars) : (0.0082) (0.0097)
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (8,100) (9,551)
1st Quarterly Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
1st Quarterly 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.
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 $8,100,000 (2002: loss of $9,551,000)
and the weighted average of 985,050,000 shares (2002: 985,050,000).
Diluted loss per share for the period ended 31 March 2003 and 2002 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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