EXCEL TECH<08048> - Results Announcement
Excel Technology International Holdings Limited announced on 08/08/2005:
(stock code: 08048 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed 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 01/01/2005 from 01/01/2004
to 30/06/2005 to 30/06/2004
Note ('000 ) ('000 )
Turnover : 94,924 61,961
Profit/(Loss) from Operations : (9,057) (8,125)
Finance cost : (143) (136)
Share of Profit/(Loss) of
Associates : 773 1,627
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (8,624) (6,097)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.0088) (0.0062)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (8,624) (6,097)
2nd Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
2nd Quarter 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
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 presentation
In 2004, the Hong Kong Institute of Certified Public Accountants (the "HKICPA") issued a
number of new or revised Hong Kong Accounting Standards and Hong Kong Financial
ReportingStandards (herein collectively referred to as "new HKFRSs") which are
effective for accounting periods beginning on or after 1 January 2005.
The financial information has been prepared in accordance with all applicable new HKFRSs
issued by HKICPA, accounting principles generally accepted in Hong Kong and the
disclosure requirements of the Hong Kong Companies Ordinance.
The financial information also complies with the applicable disclosure requirements of
the Growth Enterprise Market operated by The Stock Exchange of Hong Kong Limited.
The measurement basis used in the preparation of the financial information is historial
cost modified by the marking to market of certain investments in securities at the balance
sheet date.
All significant intra-group transactions and balances have been eliminated on
consolidation.
2. Turnover
The principal activities of the Group are engaged in the development, sales and
implementation of enterprise software and the provision of systems integration,
professional services and ASP services.
Turnover represents the aggregate of the net amounts received and receivable from the
sale of enterprise software products and the provision of application, systems
integration and professional services during the period.
3. Loss per share
The calculation of the basic loss per share for the six months ended 30 June 2005 is based on
the net loss attributable to shareholders of HK$8,624,000 (2004: HK$6,097,000) and the
985,050,000 (2004: 985,050,000) shares in issue during the period.
No diluted loss per share for the respective periods has been presented as the exercise
price of the options was higher than the average market price per share. Thus no exercise of
the Company's outstanding options is assumed.
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