ECO-TEK HLDGS<08169> - Results Announcement
Eco-Tek Holdings Limited announced on 11/09/2006:
(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 31/07/2006 to 31/07/2005
Note ('000 ) ('000 )
Turnover : 69,615 44,674
Profit/(Loss) from Operations : 9,272 6,317
Finance cost : (428) 0
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : (210) 0
Profit/(Loss) after Tax & MI : 10,299 5,546
% Change over Last Period : +85.7 %
EPS/(LPS)-Basic (in dollars) : 0.0161 0.0101
-Diluted (in dollars) : 0.0140 0.0086
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 10,299 5,546
3rd Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
3rd 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. Principal accounting policies and basis of preparation
The Group's unaudited quarterly results have been prepared in
accordance with accounting principal generally accepted in Hong Kong
and comply with Hong Kong Financial Reporting Statements 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 acounting 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 January 2005. The adoption of these New
HKFRSs have no significant impact on the Group's results of
operations.
2. Revenue
Revenue, which is the Group's turnover, represents the net invoiced
value of goods sold, after allowances for returns and trade discounts.
3. Earnings per share
The earnings per share amount for the three months ended 31 July 2006
is calculated based on the unaudited consolidated profit attributable
to equity holders of the Company for the period of HK$3,664,000(three
months ended 31 July 2005:HK$441,000) and the weighted average of
649,540,000(three months ended 31 July 2005: 552,800,000) ordinary
shares in issue during the period.
The earnings per share amount for the nine months ended 31 July 2006 is
calculated based on the unaudited consolidated profit attributable to
equity holders of the Company for the period of HK$10,299,000(nine
months ended 31 July 2005:HK$5,546,000) and the weighted average of
641,861,000(nine months ended 31 July 2005: 552,800,000) ordinary
shares in issue during the period.
Diluted earnings per share for the three months period ended 31 July
2006 is not disclosed as there was no dilutive potential ordinary
shares. The calculation of the diluted earnings per share for the
three months ended 31 July 2005 is based on the unaudited consolidated
profit attributable to equity holders of the Company for the period
of HK$441,000 and 644,578,974 ordinary shares, being the 552,800,000
ordinary shares as used in the calculation of basic earnings per share,
and the weighted average of 91,778,974 ordinary shares assumed to have
been issued on the deemed exercise of the share options under the pre-
IPO share scheme, ANT share option scheme and post-IPO share option
scheme.
The calculation of the diluted earnings per share for the nine months
ended 31 July 2006 is based on the unaudited consolidated profit
attributable to equity holders of the Company for the period of
HK$10,299,000 (nine months ended 31 July 2005: HK$5,546,000) and
738,167,000(nine months ended 31 July 2005: 644,711,030)ordinary
shares, being the 641,861,000(nine months ended 31 July 2005:
552,800,000) ordinary shares as used in the calculation of basic
earnings per share, and the weighted average of 96,306,000(nine
months ended 31 July 2005:91,911,030) 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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