EXCEL TECH<08048> - Results Announcement (Q3, 2006, Summary)
Excel Technology International Holdings Limited announced on 06/11/2006:
(stock code: 08048 )
Year end date :31/12/2006
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 01/01/2006 from 01/01/2005
to 30/09/2006 to 30/09/2005
$'000 $'000
Turnover : 237,696 134,629
Profit/(Loss) from Operations : 1,264 (17,252)
Finance cost : (189) (224)
Share of Profit/(Loss) of Associates : 23 2,659
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (2,941) (13,911)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD (0.003) HKD (0.0141)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (2,941) (13,911)
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 : Fung Din Chung, Rickie
Title : Executive 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 presentation
These financial statements have been prepared in accordance with
Hong Kong Financial Reporting Standards ("FRS") and Hong
Kong Accounting Standards ("HKAS") (collectively referred to
as "HKFRS") issued by the Hong Kong Institute of Certified
Public Accountants ("HKICPA"), accounting principles generally
accepted in Hong Kong and the disclosure requirements of the Hong
Kong Companies Ordinance. In this year, the accounting policies
adopted by the Group are consistent with financial statements
for the year ended 31 December 2005.
This 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 these financial
statements is historical cost, except for certain available-for-sale
financial assets and financial assets at fair value through profit
or loss, which have been measured at fair value.
All inter-company transactions and balances within the Group
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 2006 is based on the loss attributable to
equity holders of the parent of HK$2,941,000
(2005 : HK$13,911,000) and the 985,050,000 (2005 : 985,050,000)
shares in issue during the period.
No diluted loss per share has been presented because all the share
options granted as at 30 September 2006 and 2005 were anti-dilutive.
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