|
30 December 2002
Half Year Financial Statement
And Dividend Announcement
Financial
statements on combined results of the Group for the
first half year of FY2003 ended 30 September 2002.
These figures have not been audited.
| - |
- |
Group
|
Company
|
| - |
- |
HK$'000
|
%
|
HK$'000
|
%
|
| - |
- |
 |
|
|
|
|
|
| - |
- |
1st
half year FY2003
|
1st
half year FY2002
|
Increase/ (Decrease)
|
1st
half year FY2003
|
1st
half year FY2002
|
Increase/ (Decrease)
|
| 1.(a) |
Turnover |
39,213
|
5,488
|
615
|
0
|
0
|
0
|
| 1.(b) |
Cost
of sales or classification as followed in the most
recent audited annual financial statements
|
(19,615)
|
(3,782)
|
419
|
0
|
0
|
0
|
| 1.(c) |
Gross
profit/loss |
19,598
|
1,706
|
1,049
|
0
|
0
|
0
|
| 1.(d) |
Investment income |
0
|
0
|
0
|
0
|
0
|
0
|
| 1.(e) |
Other
income including interest income |
417
|
39
|
969
|
0
|
0
|
0
|
| 2.(a) |
Operating profit before income tax, minority interests,
extraordinary items, interest on borrowings, depreciation
and amortisation, foreign exchange
gain/(loss) and exceptional items |
14,688
|
(1,333)
|
NM
|
0
|
0
|
0
|
| 2.(b)(i) |
Interest on borrowings
|
(8)
|
(5)
|
60
|
0
|
0
|
0
|
| 2.(b)(ii) |
Depreciation and
amortisation |
(2,166)
|
(1,556)
|
39
|
0
|
0
|
0
|
| 2.(b)(iii) |
Foreign
exchange gain/(loss) |
(3)
|
(58)
|
(95)
|
0
|
0
|
0
|
| 2.(c) |
Exceptional items
(provide separate disclosure of items) |
0
|
0
|
0
|
0
|
0
|
0
|
| - |
- |
|
|
|
|
|
|
| - |
- |
HK$'000
|
%
|
HK$'000
|
%
|
| - |
- |
|
|
|
|
|
|
| - |
- |
1st
half year FY2003
|
1st
half year FY2002
|
Increase/ (Decrease)
|
1st
half year FY2003
|
1st
half year FY2002
|
Increase/ (Decrease)
|
| 2.(d) |
Operating profit before income tax, minority interests
and extraordinary items but after interest on borrowings,
depreciation and amortisation,
foreign exchange gain/(loss) and exceptional
items |
12,511
|
(2,952)
|
NM
|
0
|
0
|
0
|
| 2.(e) |
Income derived from
associated companies (With separate disclosure of
any items included therein which are exceptional
because of size & incidence) |
0
|
0
|
0
|
0
|
0
|
0
|
| 2.(f) |
Operating profit
before income tax |
12,511
|
(2,952)
|
NM
|
0
|
0
|
0
|
| 2.(g) |
Less income tax (Indicate
basis of computation) |
(2,002)
|
472
|
NM
|
0
|
0
|
0
|
| 2.(g)(i) |
Operating profit after tax before deducting minority
interests |
10,509
|
(2,480)
|
NM
|
0
|
0
|
0
|
| 2.(g)(ii) |
Less minority interests
|
0
|
0
|
0
|
0
|
0
|
0
|
| 2.(h) |
Operating profit after tax attributable to members
of the company |
10,509
|
(2,480)
|
NM
|
0
|
0
|
0
|
| 2.(i)(i) |
Extraordinary items
(provide separate disclosure of items) |
0
|
0
|
0
|
0
|
0
|
0
|
| 2.(i)(ii) |
Less minority interests
|
0
|
0
|
0
|
0
|
0
|
0
|
| 2.(i)(iii) |
Extraordinary items
attributable to members of the company |
0
|
0
|
0
|
0
|
0
|
0
|
| - |
- |
Group
|
Company
|
| - |
- |
HK$'000
|
%
|
HK$'000
|
%
|
| - |
- |
|
|
|
|
|
|
| - |
- |
1st
half year FY2003
|
1st
half year FY2002
|
Increase/ (Decrease)
|
1st
half year FY2003
|
1st
half year FY2002
|
Increase/ (Decrease)
|
| 2.(i)(iv) |
Transfer
to/from Exchange Reserve |
0
|
0
|
0
|
0
|
0
|
0
|
| 2.(i)(v) |
Transfer
to Capital Reserve |
0
|
0
|
0
|
0
|
0
|
0
|
| 2.(i)(vi) |
Transfer
to Reserve Fund |
0
|
0
|
0
|
0
|
0
|
0
|
| 2.(j) |
Operating profit after tax and extraordinary items
attributable to members of the company |
10,509
|
(2,480)
|
NM
|
0
|
0
|
0
|
NM:
Not Meaningful
|
Group
Figures
|
| - |
- |
Latest period
|
Previous corresponding
period
|
| 3.(a) |
Operating profit/(loss) [2(g)(i) above] as a percentage
of turnover [1(a) above]
|
26.80%
|
(45.19)%
|
| 3.(b) |
Operating profit
[2(h) above] as a percentage of issued capital and
reserves at end of the period |
23.75%
|
(142.20)%
|
| 3.(c) |
Earnings per ordinary share for the period based on
2(h) above after deducting any
provision for preference dividends:- |
|
|
|
(i) Based on weighted
average number of ordinary shares in issue |
3.78
HK cents
|
(0.89)
HK cents
|
|
(ii) On a fully diluted
basis
(To disclose the basis used in arriving at the weighted
average number of shares for the purposes of (c)(i)
above and to provide details of any adjustments
made for the purpose of (c)(ii) above) |
3.02
HK cents
|
(0.71)
HK cents
|
| 3.(d) |
Net tangible asset
backing per ordinary
share based on existing issued share capital as
at the end of the period reported on |
HK$0.0922
per share
|
HK$0.0015
per share
|
3.(e) To
provide an analysis of expenses based on their function
within the group for
the
current and previous corresponding period
Analysis of Expenses
|
The
Group
|
|
HK$'000
|
Increase/(Decrease)
|
|
1st
half year FY2003
|
1st
half year FY2002
|
%
|
| Distribution
Expenses |
2,968
|
1,789
|
66
|
| Administrative Expenses |
2,593
|
1,353
|
92
|
Amortisation of Research
and Development Costs |
1,935
|
1,550
|
25
|
|
7,496
|
4,692
|
60
|
Notes:
The basic earnings per share in
item 3(c) (i) above is calculated based on the assumption
that 278,026,100
pre-invitation shares of HK$0.07 each of the Company
are in issue during both periods.
The fully diluted earnings per share in item 3(c)(ii)
above is calculated based on the assumption that 348,126,100
post-invitation shares of HK$0.07
each of the Company are in issue during both periods.
| - |
- |
Group
|
Company
|
| Item 4
is not applicable to interim results |
HK$'000
|
%
|
HK$'000
|
%
|
| - |
- |
|
|
|
|
|
|
| - |
- |
1st
half year FY2003
|
1st
half year FY2002
|
Increase/ (Decrease)
|
1st
half year FY2003
|
1st
half year FY2002
|
Increase/ (Decrease)
|
| 4.(a) |
Sales reported for
first half year |
|
|
|
|
|
|
| 4.(b) |
Operating profit [2(g)(i) above] reported for first
half year |
|
|
|
|
|
|
| 4.(c) |
Sales reported for
second half year |
|
|
|
|
|
|
| 4.(d) |
Operating profit [2(g)(i) above] reported for second
half year |
|
|
|
|
|
|
5.(a) Amount
of any adjustment for under or overprovision of tax
in respect of prior years
5.(b)
Amount of any pre-acquisition
profits
5.(c)
Amount of profits
on any sale of investments and/or properties
Item
5c Table
| Sale of investments/properties |
$Profit/(Loss)
|
| NIL |
|
5.(d)
Any other comments relating to Paragraph 5
6.
Segmental Results
|
The
Group
|
|
Turnover
|
Profit/(Loss) before taxation and interest
|
|
HK$'000
|
HK$'000
|
|
1st
half year
FY2003
|
1st
half year
FY2002
|
1st
half year
FY2003
|
1st
half year
FY2002
|
| By geographical location |
|
|
|
|
| Hong Kong |
2,934
|
2,046
|
372
|
(1,006)
|
| PRC |
24,695
|
1,173
|
7,893
|
(510)
|
| Taiwan |
657
|
173
|
308
|
(75)
|
| North America |
8,833
|
8
|
3,023
|
0
|
| Australia |
960
|
782
|
413
|
(485)
|
| Europe |
329
|
| |
