G. A. HOLDINGS<08126> - Results Announcement
G.A. Holdings Limited announced on 31/03/2005:
(stock code: 08126 )
Year end date: 31/12/2004
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 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
Note ('000 ) ('000 )
Turnover : 100,246 139,319
Profit/(Loss) from Operations : 4,110 5,959
Finance cost : (1,493) (1,552)
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 : 1,741 3,341
% Change over Last Period : -47.89 %
EPS/(LPS)-Basic (in dollars) : 0.0044 0.0084
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 1,741 3,341
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 : N/A
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
The accounts have been prepared in accordance with accounting principles
generally accepted in Hong Kong and comply with accounting standards issued by
the Hong Kong Institute of Certified Public Accountants ("HKICPA"). They have
been prepared under the historical cost convention.
The HKICPA has issued a number of new and revised Hong Kong Financial Reporting
Standards and Hong Kong Accounting Standards ("New HKFRSs") which are effective
for accounting periods beginning on or after 1 January 2005.
The Group has not early adopted these New HKFRSs in the financial statements for
the year ended 31 December 2004. The Group has already commenced an assessment
of the impact of these New HKFRSs but is not yet in a position to state whether
these New HKFRSs would have a significant impact on its results of operations
and financial position.
2. Turnover
Turnover represents the net invoiced value of goods sold after allowances
for returns, trade discounts, other taxes related to sales where applicable,
and services rendered.
The Group has recorded a total turnover of approximately
SGD$100,246,000 for the year ended 31 December 2004 representing
a decrease of approximately 28% over the corresponding period
of 2003.
3. Earnings per share
The calculation of basic earnings per share is based on the
net profit from ordinary activities attributable to
shareholders for the year of S$1,741,000 (2003: S$3,341,000)
and 400,000,000 (2003: 400,000,000) ordinary
shares in issue during the year.
No diluted earnings per share amounts have been presented for
the two years ended 31 December 2004 and 2003 as no dilutive potential
ordinary shares existed during those years.
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