FX CREATIONS<08136> - Results Announcement (Final, 2002/2003, Summary)
FX Creations International Holdings Limited announced on 24/06/2003:
(stock code :08136)
Year end date :31/03/2003
Currency :HKD
Auditors' report :Unqualified
Review of Quarterly Report 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 01/04/2002 from 01/04/2001
to 31/03/2003 to 31/03/2002
$'000 $'000
Turnover : 59,564 49,587
Profit/(Loss) from Operations : 2,913 2,723
Finance cost : (660) (381)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : 1,696 1,920
% Change Over the Last Period : -11.67 %
EPS / (LPS)
Basic (in dollar) : HKD 0.0044 HKD 0.0069
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : 1,696 1,920
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final 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
For and on behalf of
FX Creations International Holdings Limited
Signature :
Name : Ong Chor Wei
Title : Director
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. GROUP REORGANISATION AND BASIS OF PRESENTATION
The Company was incorporated in the Cayman Islands
on 10 January 2002 as an exempted company with limited
liability under the Companies Law (2001 Second Revision)
of the Cayman Islands.
Pursuant to a group reorganisation scheme
(the "Group Reorganisation") to rationalise the group
structure in preparation for the listing of the Company's
shares on GEM of the Stock Exchange, the Company became
the holding company of its subsidiaries (collectively
the "Group") on 2 May 2002. Details of the Group Reorganisation
are set out in the prospectus issued by the Company
dated 8 May 2002.
The Group resulting from the Group Reorganisation is
regarded as a continuing entity. Accordingly, the results
of the Group have been prepared on the merger basis as
set out in the Statement of Standard Accounting Practice No.27
"Accounting for group reconstructions" issued by the Hong
Kong Society of Accountants.
The share of the Company were listed on GEM on 21 May 2002
2. EARNINGS PER SHARE
Basic earnings per share is calculated based on the profit
attributable to shareholders of HK$1,696,000 and on the
weighted average number of 386,701,000 shares in issue
during the year.
The conparative basic earnings per share is calculated on
the profit attributable to shareholders of HK$1,920,000
and on weighted average of 280,000,000 shares deemed to be
in issue throughout that year.
Diluted earnings per share amount for the years ended 31
March 2002 and 2003 have not been disclosed as no
diluting events existed during those years.
|