ECO-TEK HLDGS<08169> - Results Announcement (Q1, 2003/2004, Summary)
Eco-Tek Holdings Limited announced on 11/03/2004:
(stock code: 08169 )
Year end date :31/10/2004
Currency :HKD
Auditors' report :N/A
1st 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 01/11/2003 from 01/11/2002
to 31/01/2004 to 31/01/2003
$'000 $'000
Turnover : 21,164 12,892
Profit/(Loss) from Operations : 3,131 1,351
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 : 3,336 1,021
% Change Over the Last Period : +226.74%
EPS / (LPS)
Basic (in dollar) : HKD 0.006 HKD 0.0018
Diluted (in dollar) : HKD 0.0052 HKD 0.0016
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 3,336 1,021
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st 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
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
to the Information and undertake to indemnify the Exchange against all
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.
1. Principal accounting policies and basis of preparation
The unaudited consolidated accounts have been prepared in accordance
with Hong Kong Statements of Standard Accounting Practice,
accounting principles generally accepted in Hong Kong and the
disclosure requirements of the Hong Kong Companies Ordinance.
They have been prepared under the historical cost convention.
The unaudited consolidated accounts include the accounts of the
Company and its subsidiaries for the three months ended 31 January
2004. The accounting policies and basis of preparation adopted
for the preparation of the unaudited consolidated accounts are
consistent with those adopted by the Group in its annual financial
statements for the year ended 31October 2003.
2. Earnings per share
The earnings per share for the three months ended 31 January 2004
is calculated based on the unaudited consolidated net profit
attributable to shareholders of the Company of approximately
HK$3,336,000 (2003: approximately HK$1,021,000) and the weighted
average of 552,800,000 (2003: 552,800,000) ordinary shares in issue
during the period.
The calculation of the diluted earnings per share for the three months
ended 31 January 2004 is based on the unaudited consolidated net profit
attributable to shareholders of the Company of approximately
HK$3,336,000 (2003: approximately HK$1,021,000) and 647,399,374
(2003: 651,416,516) ordinary shares, being the 552,800,000
(2003: 552,800,000) ordinary shares as used in the calculation of basic
earnings per share, and the weighted average of 94,599,374
(2003: 98,616,516) ordinary shares assumed to have been issued at no
consideration on the deemed exercise of the Pre-IPO share options, the
option granted to Advance New Technology Limited ("ANT-Option"),
and the Post-IPO share options.
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