ECO-TEK HLDGS<08169> - Results Announcement (Q1, 2005/2006, Summary)
Eco-Tek Holdings Limited announced on 10/03/2006:
(stock code: 08169 )
Year end date :31/10/2006
Currency :HKD
Auditors' report :N/A
1st 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 01/11/2005 from 01/11/2004
to 31/01/2006 to 31/01/2005
$'000 $'000
Turnover : 23,865 17,362
Profit/(Loss) from Operations : 4,138 3,115
Finance cost : N/A N/A
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : (85) N/A
Profit/(Loss) after Taxation & MI : 4,186 3,019
% Change Over the Last Period : +38.66%
EPS / (LPS)
Basic (in dollar) : HKD 0.0067 HKD 0.0055
Diluted (in dollar) : HKD 0.0065 HKD 0.0047
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 4,186 3,019
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st 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 : Ng Chi Fai
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 unaudited consolidated results have been prepared in accordance
with Hong Kong Financial Reporting Standards issued by the Hong Kong
Institute of Certified Public Accountants ("HKICPA").
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 January 2005. The adoption of these New HKFRSs have no
significant impact on the Group's results of operations.
From 1 November 2005, the Group adopted the following New HKFRSs which
are relevant to its operation:
HKAS 1 Presentation of Financial Statements
HKAS 2 Inventories
HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
HKAS 10 Events after the Balance Sheet Date
HKAS 12 Income Taxes
HKAS 14 Segment Reporting
HKAS 16 Property, Plant and Equipment
HKAS 17 Leases
HKAS 18 Revenue
HKAS 19 Employee Benefits
HKAS 21 The Effects of Changes in Foreign Exchange Rates
HKAS 23 Borrowing Costs
HKAS 24 Related Party Disclosures
HKAS 27 Consolidated and Separate Financial Statements
HKAS 31 Investments in Joint Ventures
HKAS 32 Financial Instruments: Disclosure and Presentation
HKAS 33 Earnings per Share
HKAS 34 Interim Financial Reporting
HKAS 36 Impairment of Assets
HKAS 37 Provisions, Contingent Liabilities and Contingent Assets
HKAS 39 Financial Instruments: Recognition and Measurement
HKFRS 3 Business Combinations
The unaudited consolidated financial results incorporate the financial
results of the Company and its subsidiaries for the three months ended
31 January 2006. All material intercompany transactions and balances
within the Group are eliminated on consolidation.
2. Revenue ¡V 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 three months ended 31 January 2006 (2005: nil).
4. Earnings per share
The basic earnings per share amount for the three months ended 31
January 2006 is calculated based on the unaudited profit attributable
to equity shareholders of the Company for the period of HK$4,186,000
(2005: HK$3,019,000) and the weighted average of 625,970,435
(2005: 552,800,000) ordinary shares in issue during the period.
The calculation of the diluted earnings per share for the three months
ended 31 January 2006 is based on the unaudited consolidated profit
attributable to shareholders of the Company for the period of
HK$4,186,000 (2005: HK$3,019,000) and 648,304,542 (2005: 646,058,211)
ordinary shares, being the 625,970,435 (2005: 552,800,000) ordinary
share used in the calculation of basic earnings per share, and the
weighted average of 22,334,107 (2005: 93,258,211) ordinary shares
assumed to have been issued on the deemed exercise of the share
options under the pre-IPO share option scheme.
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