ECO-TEK HLDGS<08169> - Results Announcement
Eco-Tek Holdings Limited announced on 09/06/2006:
(stock code: 08169 )
Year end date: 31/10/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/11/2005 from 01/11/2004
to 30/04/2006 to 30/04/2005
Note ('000 ) ('000 )
Turnover : 45,222 31,428
Profit/(Loss) from Operations : 5,956 5,507
Finance cost : (121) 0
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : (95) 0
Profit/(Loss) after Tax & MI : 6,635 5,105
% Change over Last Period : +30 %
EPS/(LPS)-Basic (in dollars) : 0.0104 0.0093
-Diluted (in dollars) : 0.009 0.0079
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 6,635 5,105
2nd Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
2nd Quarter Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
Eco-Tek Holdings Limited
Name : Cheung Ka Fai
Title : Financial Controller
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. Basis of preparation
The unaudited condensed consolidated interim financial statements have
been prepared in accordance with Hong Kong Accounting Standard ("HKAS")
34"Interim Financial Reporting", issued by the Hong Kong Institue of
Certified Public Accountants ("HKICPA")and the disclosure requirements
as set out in Chapter 18 of the GEM Listing Rules. The interim financial
statements should be read in conjunction with the audited financial
statements and notes thereto for the year ended 31 October 2005.
2. Principal accounting policies
The accounting policies and methods of computation used in the
Preparation of the unaudited consolidated results are consistent with
those used in the 2005 Annual Financial Statements, except for the
Changes in accounting policies made thereafter in adopting certain new
and revised Hong Kong Financial Reporting Standards and HKASs
(New HKFRSs") which are effective for accounting periods commencing on
or after 1 January2005. The adoption of these New HKFRSs have no
significant impact on the Group's results of operations.
3. Revenue
Revenue, which is also the Group's turnover, represents the net invoiced
value of goods sold, after allowances for returns and trade discounts.
4. Earnings per share
The earnings per share amount for the three months ended 30 April 2006
is calculated based on the unaudited consolidated profit attributable
to equity holders of the Company for the period of HK$2.449,000(three
months ended 30 April 2005:HK$2,086,000) and the weighted average of
649,540,000(three months ended 30 April 2005: 552,800,000) ordinary
shares in issue during the period.
The earnings per share amount for the six months ended 30 April 2006 is
calculated based on the unaudited consolidated profit attributable to
to equity holders of the Company for the period of HK$6.635,000(six
months ended 30 April 2005:HK$5,105,000) and the weighted average of
637,958,000(six months ended 30 April 2005: 552,800,000) ordinary
shares in issue during the period.
The calculation of the diluted earnings per share for the six months
ended 30 April 2006 is based on the unaudited consolidated profit
attributable to equity holders of the Company for the period of
HK$6,635,000 (six months ended 30 April 2005: HK$5,105,000) and
734,220,000(six months ended 30 April 2005: 645,569,350)ordinary
shares, being the 637,958,000(six months ended 30 April 2005:
552,800,000) ordinary shares as used in the calculation of basic
earnings per share, and the weighted average of 96,262,000(six months
ended 30 April 2005:92,769,350) 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.
Diluted earnings per share for the three months period ended 30 April
2006 is not diclosed as there was no dilutive potential ordinary shares.
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 equity holders of the Company for the period of
HK$2,086,000 and 645,201,883 ordinary shares, being the 552,800,000
ordinary shares as used in the calculation of basic earnings per share,
and the weighted average of 92,401,883 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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