ECO-TEK HLDGS<08169> - Results Announcement (Q2, 2002/2003, Summary)
Eco-Tek Holdings Limited announced on 12/6/2003:
(stock code :08169)
Year end date :31/10/2003
Currency :HKD
Auditors' report :N/A
Review of 2nd Quarterly Report 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 01/11/2002 from 01/11/2001
to 30/04/2003 to 30/04/2002
$'000 $'000
Turnover : 35,877 10,501
Profit/(Loss) from Operations : 5,429 2,911
Finance cost : N/A N/A
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 4,208 2,515
% Change Over the Last Period : +67.32 %
EPS / (LPS)
Basic (in dollars) : HKD 0.0076 HKD 0.0048
Diluted (in dollars) : HKD 0.0065 HKD 0.004
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 4,208 2,515
2nd Quarterly Dividend per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd Quarterly Dividend : 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
For and on behalf of
Eco-Tek Holdings Limited
Signature :
Name : Chor Ngai
Title : Company Secretary
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. Principal accounting policies and basis of preparation
The financial statements have been prepared in accordance with all
applicable Statements of Standard Accounting Practice ("SSAP") and
Interpretations issued by the Hong Kong Society of Accountants,
accounting principles generally accepted in Hong Kong and the disclosure
requirements of the Hong Kong Companies Ordinance. These financial
statements have also complied with the applicable disclosure provisions
of GEM Listing Rules. The measurement basis used in the preparation
of the financial statements is historical cost.
The accounting policies and basis of preparation adopted for the
preparation of the condensed interim financial statements are consistent
with those adopted by the Group in its annual financial statements for
the year ended 31 October 2002 except that the Group has adopted SSAP
34¡§Employee benefits¡¨ which prescribes the accounting and disclosure
for employee benefits. However, this SSAP has no major impact on the
condensed consolidated interim financial statements of the Group.
2. Earnings per share
a) Basic earnings per share
The calculation of basic earnings per share for the three months ended
30 April 2003 was based on the unaudited consolidated net profit
attributable to shareholders of approximately HK$3,187,000 (2002:
approximately HK$833,000) and the number of 552,800,000 ordinary shares
(2002: 552,800,000 shares) in issue during the period.
The calculation of basic earnings per share for the six months ended 30
April 2003 was based on the unaudited consolidated net profit
attributable to shareholders of approximately HK$4,208,000 (2002:
approximately HK$2,515,000) and the weighted average number of
approximately 552,800,000 ordinary shares (2002: 528,366,851 shares) in
issue during the period.
b) Diluted earnings per share
The calculation of diluted earnings per share for the three months ended
30 April 2003 was based on the unaudited consolidated net profit
attributable to shareholders of HK$3,187,000 (2002: HK$833,000) and
the weighted average number of 649,332,700 ordinary shares in issue
(2002: 656,257,570 shares) after adjusting for the effects of all
dilutive potential ordinary shares.
The calculation of diluted earnings per share for the six months ended
30 April 2003 was based on the unaudited consolidated net profit
attributable to shareholders of HK$4,208,000 (2002: HK$2,515,000) and
the weighted average number of 650,556,747 ordinary shares in issue
(2002: 632,166,706 shares) after adjusting for the effects of all
dilutive potential ordinary shares.
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