G. A. HOLDINGS<08126> - Results Announcement
G.A. Holdings Limited announced on 16/06/2004:
(stock code: 08126 )
Year end date: 31/12/2003
Currency: SGD
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 01/01/2003 from 01/01/2002
to 31/12/2003 to 31/12/2002
Note ('000 ) ('000 )
Turnover : 139,319 101,877
Profit/(Loss) from Operations : 5,959 5,913
Finance cost : (1,552) (1,759)
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 : 3,341 2,849
% Change over Last Period : +17.3 %
EPS/(LPS)-Basic (in dollars) : 0.0084 0.0079
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 3,341 2,849
Final Dividend : Nil Nil
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 : Nil
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
G.A. Holdings Limited
Name : Chan Hing Ka Anthony
Title : Chairman and 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
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 PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with
Statements of Standard Accounting Practice (the "SSAP")
and Interpretation issued by the Hong Kong Society of
Accountants (the "HKSA"), accounting principles generally
accepted in Hong Kong and the disclosure requirements of the
Hong Kong Companies Ordinance. These finanical statements also
comply with the applicable disclosure provisions of the Rules
Governing the Listing of Securities on the GEM of the Stock
Exchange.
The financial statements have been prepared on a basis
consistent with the accounting policies and method adopted in
the previous year except for SSAP 12 (Revised) "Income taxes"
which is effective for accounting periods commencing on or
after 1 January 2003. SSAP 12 (Revised) has had no significant
impact for the financial statements on the amounts recorded for
income taxes. However, the related note disclsoures are now
more extensive than previously required.
2. EARNINGS PER SHARE
The calculation of basic earnings per share is based on the
net profit attributable to the shareholders for the year of
S$3,341,000 (2001: S$2,849,000) and weighted average number
of 400,000,000 (2002: 363,178,082) shares in issue during
the year.
Diluted earnings per share is not presented as there were no
dilutive potential ordinary shares in existence during the year
ended 31 December 2003 and 2002.
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