ECO-TEK HLDGS<08169> - Results Announcement (Q3, 2002/2003, Summary) Eco-Tek Holdings Limited announced on 10/09/2003 (stock code: 08169) Year end date :31/10/2003 Currency :HKD Auditors' report :N/A Review of 3rd 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 31/07/2003 to 31/07/2002 $'000 $'000 Turnover : 72,113 22,087 Profit/(Loss) from Operations : 11,037 4,320 Finance cost : (265) (64) 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 : 8,382 3,571 % Change Over the Last Period : +134.72% EPS / (LPS) Basic (in dollar) : HKD 0.0152 HKD 0.0067 Diluted (in dollar) : HKD 0.0129 HKD 0.0056 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 8,382 3,571 3rd Quarterly Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 3rd Quarterly 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 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 accounts 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 accounts have also complied with the applicable disclosure provisions of GEM Listing Rules. The measurement basis used in the preparation of the accounts is historical cost. The accounting policies and basis of preparation adopted for the preparation of the accounts 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 consolidated results for the nine months ended 31 July 2003 of the Group. 2. Earnings per share a) Basic earnings per share The calculation of basic earnings per share for the three months ended 31 July 2003 was based on the unaudited consolidated net profit attributable to shareholders of approximately HK$4,174,000 (2002: approximately HK$1,056,000) 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 nine months ended 31 July 2003 was based on the unaudited consolidated net profit attributable to shareholders of approximately HK$8,382,000 (2002: approximately HK$3,571,000) and the weighted average number of 552,800,000 ordinary shares (2002: 536,600,733 shares) in issue during the period. b) Diluted earnings per share The calculation of diluted earnings per share for the three months ended 31 July 2003 was based on the unaudited consolidated net profit attributable to shareholders of HK$4,174,000 (2002: HK$1,056,000) and the weighted average number of 649,332,700 ordinary shares in issue (2002: 654,225,945 shares) after adjusting for the effects of all dilutive potential ordinary shares. The calculation of diluted earnings per share for the nine months ended 31 July 2003 was based on the unaudited consolidated net profit attributable to shareholders of HK$8,382,000 (2002: HK$3,571,000) and the weighted average number of 650,247,152 ordinary shares in issue (2002: 639,622,069 shares) after adjusting for the effects of all dilutive potential ordinary shares. |