ECO-TEK HLDGS<08169> - Results Announcement (Q2, 2003/2004, Summary)
Eco-Tek Holdings Limited announced on 12/06/2004:
(stock code: 08169 )
Year end date :31/10/2004
Currency :HKD
Auditors' report :N/A
2nd 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 30/04/2004 to 30/04/2003
$'000 $'000
Turnover : 51,344 35,877
Profit/(Loss) from Operations : 8,540 5,429
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 : 8,684 4,208
% Change Over the Last Period : +106.37%
EPS / (LPS)
Basic (in dollar) : HKD 0.0157 HKD 0.0076
Diluted (in dollar) : HKD 0.0134 HKD 0.0065
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 8,684 4,208
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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 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.
1. Principal accounting policies and basis of preparation
The Group's unaudited condensed interim financial statements have been
prepared in accordance with the Hong Kong Statements of Standard
Accounting Practice ("SSAP") 25 "Interim Financial Reporting" issued by
the Hong Kong Society of Accountants and the disclosure requirements
set out in Chapter 18 of the GEM Listing Rules. The condensed interim
financial statements have been prepared under the historical cost
convertion. The accounting policies and basis of preparation adopted
for the preparation of these accounts are consistent with those adopted
by the Group in its annual financial statements for the year ended
31 October 2003.
2. Earnings per share
The earnings per share for the three months ended 30 April 2004
is calculated based on the unaudited consolidated net profit
attributable to shareholders of the Company of approximately
HK$5,348,000 (2003: approximately HK$3,187,000) and the weighted
average of 552,800,000 (2003: 552,800,000) ordinary shares in issue
during the period.
The earnings per share for the six months ended 30 April 2004
is calculated based on the unaudited consolidated net profit
attributable to shareholders of the Company of approximately
HK$8,684,000 (2003: approximately HK$4,208,000) 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 30 April 2004 is based on the unaudited consolidated net profit
attributable to shareholders of the Company of approximately
HK$5,348,000 (2003: approximately HK$3,187,000) and 649,044,914
(2003: 649,332,700) 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 96,244,914
(2003: 96,532,700) 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.
The calculation of the diluted earnings per share for the six months
ended 30 April 2004 is based on the unaudited consolidated net profit
attributable to shareholders of the Company of approximately
HK$8,684,000 (2003: approximately HK$4,208,000) and 648,280,299
(2003: 650,556,747) 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 95,480,299
(2003: 97,756,747) ordinary shares assumed to have been issued at no
consideration on the deemed exercise of the Pre-IPO share options, the
ANT-Option and the Post-IPO share options.
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