G. A. HOLDINGS<08126> - Results Announcement
G.A. Holdings Limited announced on 14/05/2003:
(stock code: 08126 )
Year end date: 31/12/2003
Currency: SGD
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 : 24,777 9,300
Profit/(Loss) from Operations : 1,681 1,080
Finance cost : (324) (333)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 1,065 378
% Change over Last Period : +181.7 %
EPS/(LPS)-Basic (in dollars) : 0.0027 0.0012
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 1,065 378
1st Quarterly Dividend : 0 0
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 : 0
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
G.A. Holdings Limited
Name : Loh Kim Her
Title : Managing Director
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. GROUP REORGANISATION AND BASIS OF PREPARATION OF
FINANCIAL STATEMENTS
The Company was incorporated in the Cayman Islands on 5th July,
2001 as an exempted company with limited liability under the
Companies Law (Revised) of Cayman Islands. On 5th June, 2002,
the Company became the holding company of the other companies
now comprising the Group pursuant to a group reorganisation (the
"Reorganisation") which included exchange of shares. Details of
the Reorganisation are set out in the Company's prospectus dated
10th June, 2002. The Group after the Reorganisation is regarded
as a continuing entity. Accordingly, the financial statements of
the Group have been prepared as if the Company has always been
the holding company of the Group.
2. LISTING DATE ON GEM
The Company was listed on 17th June, 2002.
3. EARNINGS PER SHARE
The calculation of basic earnings per share for the three months
ended 31st March, 2003 was based on the unaudited consolidated
profit attributable to shareholders of approximately S$1,065,000
and on the weighted average number of 400,000,000 ordinary shares
in issue during the three months ended 31st March, 2003.
The calculation of basic earnings per share for the three months
ended 31st March, 2002 was based on the unaudited consolidated
profit attributable to shareholders of approximately S$378,000
and on the weighted average number of 320,000,000 ordinary shares
in issue during the three months ended 31st March, 2002. The
weighted average number of shares used includes the pro-forma
issued share capital of the Company as set out in the annual
audited financial statements for the year ended 31st December,
2002.
Diluted earnings per share was not presented as there were no
dilutive potential ordinary shares in existence during the three
months ended 31st March, 2003 and 2002.
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