ECO-TEK HLDGS<08169> - Results Announcement (Q2, 2004/2005, Summary)
Eco-Tek Holdings Limited announced on 09/06/2005:
(stock code: 08169 )
Year end date :31/10/2005
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 01/11/2004 from 01/11/2003
to 30/04/2005 to 30/04/2004
$'000 $'000
Turnover : 31,428 51,344
Profit/(Loss) from Operations : 5,507 8,540
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 : 5,105 8,684
% Change Over the Last Period : -41.21%
EPS / (LPS)
Basic (in dollar) : HKD 0.0093 HKD 0.0157
Diluted (in dollar) : HKD 0.0079 HKD 0.0134
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 5,105 8,684
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.
Remarks:
1. Principal accounting policies and basis of preparation
The Group's unaudited condensed interim financial statements have been
prepared in accordance with Statements of Standard Accounting Practice
25 "Interim Financial Reporting" issued by the Hong Kong Institute of
Certified Public Accountants and the disclosure requirements set out in
Chapter 18 of the Rules Governing the Listing of Securities on the
Growth Enterprise Market of the Stock Exchange (the "GEM Listing
Rules").
The unaudited condensed interim financial statements have been prepared
under the historical cost convention. 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 2004.
2. Turnover
Turnover represents the net invoiced value of goods sold, after
allowances for returns and trade discounts.
3. Dividends
The Board does not recommend the payment of an interim dividend for the
six months ended 30 April 2005 (six months ended 30 April 2004: nil).
4. Earnings per share
The earnings per share amount for the three months ended 30 April 2005
is calculated based on the unaudited consolidated profit attributable
to shareholders of the Company for the period of HK$2,086,000
(three months ended 30 April 2004: HK$5,348,000) and the weighted
average of 552,800,000 (three months ended 30 April 2004: 552,800,000)
ordinary shares in issue during the period.
The earnings per share amount for the six months ended 30 April 2005 is
calculated based on the unaudited consolidated profit attributable to
shareholders of the Company for the period of HK$5,105,000
(six months ended 30 April 2004: HK$8,684,000) and the weighted
average of 552,800,000 (six months ended 30 April 2004: 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 2005 is based on the unaudited consolidated profit
attributable to shareholders of the Company for the period of
HK$2,086,000 (three months ended 30 April 2004: HK$5,348,000) and
645,201,883 (three months ended 30 April 2004: 649,044,914) ordinary
shares, being the 552,800,000 (three months ended 30 April 2004:
552,800,000) ordinary shares as used in the calculation of basic
earnings per share, and the weighted average of 92,401,883 (three
months ended 30 April 2004: 96,244,914) ordinary shares assumed to have
been issued on the deemed exercise of the share options under the
pre-IPO share option scheme, ANT share option scheme and post-IPO share
option scheme.
The calculation of the diluted earnings per share for the six months
ended 30 April 2005 is based on the unaudited consolidated profit
attributable to shareholders of the Company for the period of
HK$5,105,000 (six months ended 30 April 2004: HK$8,684,000) and
645,569,350 (six months ended 30 April 2004: 648,280,299) ordinary
shares, being the 552,800,000 (six months ended 30 April 2004:
552,800,000) ordinary shares as used in the calculation of basic
earnings per share, and the weighted average of 92,769,350 (six months
ended 30 April 2004: 95,480,299) ordinary shares assumed to have been
issued on the deemed exercise of the share options under the pre-IPO
share option scheme, ANT share option scheme and post-IPO share option
scheme.
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