EXCEL TECH<08048> - Results Announcement (Q3, 2005, Summary)
Excel Technology International Holdings Limited announced on 07/11/2005:
(stock code: 08048 )
Year end date :31/12/2005
Currency :HKD
Auditors' report :N/A
3rd Quarterly Report Reviewed by :Audit Committee
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
( Unaudited) ( Unaudited)
Current Last Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 30/09/2005 to 30/09/2004
$'000 $'000
Turnover : 134,629 122,403
Profit/(Loss) from Operations : (17,252) (12,477)
Finance cost : (224) (233)
Share of Profit/(Loss) of Associates : 2,715 3,598
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (13,911) (8,696)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0141) (HKD 0.0088)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (13,911) (8,696)
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
Excel Technology International Holdings Limited
Signature :
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 Reporting Standards (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 nine months ended 30
September 2005 is based on the net loss attributable to equity holders
of the parent of HK$13,911,000 (2004: HK$8,696,000) and the 985,050,000
(2004: 985,050,000) shares in issue during the period.
No diluted loss per share 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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