ECO-TEK HLDGS<08169> - Results Announcement (Final, 2004/2005, Summary) Eco-Tek Holdings Limited announced on 29/12/2005: (stock code: 08169 ) Year end date :31/10/2005 Currency :HKD Auditors' report :Unqualified 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 (Audited) (Audited) Current Last Corresponding Period Period from 01/11/2004 from 01/11/2003 to 31/10/2005 to 31/10/2004 $'000 $'000 Turnover : 93,381 106,378 Profit/(Loss) from Operations : 23,160 17,278 Finance cost : N/A N/A Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entites : (267) N/A Profit/(Loss) after Taxation & MI : 22,189 18,184 % Change Over the Last Period : +22.02% EPS / (LPS) Basic (in dollar) : HKD 0.0401 HKD 0.0329 Diluted (in dollar) : HKD 0.0344 HKD 0.0281 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 22,189 18,184 Final Dividends per Share : HK 0.50 cent HK 1.50 cents (specify if with other options) : N/A N/A B/C Dates for Final Dividends :08/02/2006 to 10/02/2006 bdi. Payable Date : 10/03/2006 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 financial statements are prepared in accordance with and comply with all applicable Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants (¡§HKICPA¡¨) and the disclosure requirements of the Hong Kong Companies Ordinance. The financial statements are prepared under the historical cost convention. There are no significant changes in accounting policies of the Group during the year. The consolidated financial statements incorporate the financial statements of the Company and its subsidiaries made up to 31 October each year. All material intercompany transactions and balances within the Group are eliminated on consolidation. The HKICPA has issued a number of new and revised Hong Kong Financial Reporting Standards and Hong Kong Accounting Standards (¡§new HKFRSs¡¨) which are effective for accounting periods beginning on or after 1 January 2005. The Group has not early adopted these new HKFRSs in the financial statements for the year ended 31 October 2005. The Group has already commenced an assessment of the impact of these new HKFRSs and has so far concluded that the adoption of these new HKFRS would have no significant impact on its results of operations and financial position. 2. Turnover Turnover represents the net invoiced value of goods sold, after allowances for returns and trade discounts. 3. Dividends The proposed final dividend amount for the year ended 31 October 2005 is based on 552,800,000 ordinary shares in issue as at year end date and 96,764,000 ordinary shares issued in November 2005 upon exercised of the share options subsequently. The final dividend is subject to the approval of the Company¡¦s shareholders at the forthcoming annual general meeting. Upon approval by the shareholders, the final dividend will be paid on or about 10 March 2006 to shareholders whose names appear on the register of members of the Company on 8 February 2006. 4. Earnings per share The earnings per share amount for the year is calculated based on the consolidated profit attributable to shareholders of the Company for the year of HK$22,189,000 (2004: HK$18,184,000) and the weighted average of 552,800,000 (2004: 552,800,000) ordinary shares in issue during the year. The calculation of the diluted earnings per share for the year ended 31 October 2005 is based on the consolidated profit attributable to shareholders of the Company for the year of HK$22,189,000 (2004: HK$18,184,000) and 644,911,292 (2004: 648,136,574) ordinary shares, being the 552,800,000 (2004: 552,800,000) ordinary shares as used in the calculation of basic earnings per share, and the weighted average of 92,111,292 (2004: 95,336,574) ordinary shares assumed to have been issued on the deemed exercise of share option under the Pre-Scheme, ANT-Option Scheme and Post-Scheme. |