ECO-TEK HLDGS<08169> - Results Announcement (Final, 2002/2003, Summary) Eco-Tek Holdings Limited announced on 12/01/2004: (stock code: 08169 ) Year end date :31/10/2003 Currency :HKD Auditors' report :Unqualified Interim Report Reviewed by :N/A 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 01/11/2002 from 01/11/2001 to 31/10/2003 to 31/10/2002 $'000 $'000 Turnover : 104,039 31,380 Profit/(Loss) from Operations : 15,837 4,821 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 : 12,986 4,005 % Change Over the Last Period : +224.24 % EPS / (LPS) Basic (in dollar) : HKD 0.0235 HKD 0.0074 Diluted (in dollar) : HKD 0.02 HKD 0.0062 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 12,986 4,005 Final Dividends per Share : HKD1.15 cents HKD0.35 cent (specify if with other options) : N/A N/A B/C Dates for Final Dividends :16/02/2004 to 18/02/2004 bdi. Payable Date : 25/02/2004 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 to the Information and undertake to indemnify the Exchange against all 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 have been prepared in accordance with Hong Kong Statements of Standard Accounting Practice, accounting principles generally accepted in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance. They have been prepared under the historical cost convention. The consolidated financial statements include the financial statements of the Company and its subsidiaries of the year ended 31 October 2003. The results of subsidiaries acquired or disposed of during the year are consolidated from or to their effective dates of acquisition or disposal respectively. All significant intercompany transactions and balances within the Group are elimiated on consolidation. 2. Earnings per share The earnings per share amount for the year is calculated based on the consolidated net profit attributable to shareholders of the Company for the year of HK$12,986,000 (2002: HK$4,005,000) and the weighted average of 552,800,000 ordinary shares in issue during the year (2002: 540,683,836 ordinary shares, deemed to have been issued and issuable on the assumption that the group reorganisation and the capitalisation issue of 414,000,000 ordinary shares of the Company had been effective on 27 October 1999 (pro forma formation date of the Group)). The calculation of the diluted earnings per share for the year ended 31 October 2003 is based on the consolidated net profit attributable to shareholders of the Company for the year of HK$12,986,000 (2002: HK$4,005,000) and 649,626,979 (2002: 642,535,091) ordinary shares, being the 552,800,000 (2002: 540,683,836) ordinary shares as used in the calculation of basic earnings per share, and the weighted average of 96,826,979 (2002: 101,851,255) 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. |