G. A. HOLDINGS<08126> - Results Announcement G.A. Holdings Limited announced on 15/05/2006: (stock code: 08126 ) Year end date: 31/12/2006 Currency: SGD 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 01/01/2006 from 01/01/2005 to 31/03/2006 to 31/03/2005 Note ('000 ) ('000 ) Turnover : 23,596 18,557 Profit/(Loss) from Operations : 3,004 1,651 Finance cost : (968) (474) 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 : 1,668 968 % Change over Last Period : +72.3 % EPS/(LPS)-Basic (in dollars) : 0.0042 0.0024 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 1,668 968 1st Quarter Dividend : N/A N/A per Share (Specify if with other : N/A N/A options) B/C Dates for 1st 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 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 unaudited quarterly results of the group have been prepared in accordance with Hong Kong Financial Reporting Standards ("HKFRS") as published by the Hong Kong Institute of Certified Public Accountants ("HKICPA"), the disclosure requirements of the Hong Kong Companies Ordinance and the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules"). The accounting policies adopted for the preparation of these unaudited consolidated results of the group are consistent with those adopted by the group in the preparation of annual audited financial statements for the year ended 31 December 2005. The financial statements have been prepared on the historical cost basis except for the revaluation of certain financial assets. 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 S$23,596,000 for the period ended 31 March 2006 representing a increase of approximately 27.2% over the corresponding period of 2005. 3. Earnings per share The calculation of basic earnings per share is based on net profit from ordinary activities attributable to shareholders for the period of approximately S$1,672,000 (2005: S$973,000) and 400,000,000 (2005: 400,000,000) ordinary shares in issue during the period. Diluted earnings per share is not presented as there were no dilutive potential ordinary shares in existence during two period ended 31 March 2006 and 2005. |