EXCEL TECH<08048> - Results Announcement
Excel Technology International Holdings Limited announced on 11/08/2003:
(stock code: 08048 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Both Audit Committee and Auditors
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 30/06/2003 to 30/06/2002
Note ('000 ) ('000 )
Turnover : 96,218 75,788
Profit/(Loss) from Operations : (14,223) (13,747)
Finance cost : (278) (3,095)
Share of Profit/(Loss) of
Associates : 389 1,456
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : (14,314) (15,761)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (1.45) (1.6)
-Diluted (in dollars) : (1.45) (1.6)
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : (14,314) (15,761)
2nd Quarterly Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
2nd 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 condensed financial statements have been prepared in accordance
with the applicable disclosure requirements of Chapter 18 of the Rules
Governing the Listing of Securities on the Growth Enterprise Market of
The Stock Exchange of Hong Kong Limited and Statement of Standard
Accounting Practice No.25 "Interim financial reporting" issued by the
Hong Kong Society of Accountants.
2. Turnover
Turnover represents the sale of enterprise software products and
custom development, complementary computer hardware and software
resale, consulting & systems integration services, maintenance
services and revenue from ASP business.
3. Loss per share
The calculation of basic loss per share for the six months ended 30
June 2003 is based on the loss attributable to shareholders of
approximately HK$14,314,000 (2002: Loss HK$15,761,000) and the
weighted average number of 985,050,000 shares (2002: 985,050,000
shares) in issue during the period.
Diluted loss per share for the periods ended 30 June 2003 and 2002 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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