FX CREATIONS<08136> - Results Announcement (Q2, 2003/2004, Summary) FX Creations International Holdings Limited announced on 05/11/2003: (stock code: 08136 ) Year end date :31/03/2004 Currency :HKD Auditors' report :N/A Review of 2nd Quarterly Report 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 01/04/2003 from 01/04/2002 to 30/09/2003 to 30/09/2002 $'000 $'000 Turnover : 29,234 27,114 Profit/(Loss) from Operations : 1,144 1,224 Finance cost : (228) (351) Share of Profit/(Loss) of Associates : 0 0 Share of Profit/(Loss) of Jointly Controlled Entites : 0 0 Profit/(Loss) after Taxation & MI : 783 731 % Change Over the Last Period : +7.11 % EPS / (LPS) Basic (in dollar) : HKD 0.002 HKD 0.002 Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit (Loss) after ETD Items : 783 731 2nd Quarterly Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 2nd Quarterly 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 PREPARATION 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 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 on 2 May 2002 (collectively the "Group"). Details of the Group Reorganisation are set out in the Company's prospectus dated 8 May 2002 (the "Prospectus"). The shares of the Company were listed on GEM on 21 May 2002. The unaudited consolidated results have been prepared using the merger basis of accounting as a result of the Group Reorganisation. On this basis, the Company has been treated as the holding company of its subsidiaries since their respective dates of incorporation rather than from the date of their acquisition pursuant to the Group Reorganisation. The unaudited condensed consolidated interim accounts have been prepared in accordance with the Hong Kong Statememt of Standard Accounting Practice No. 25 "Interim Financial Reporting" issued by the Hong Kong Society of Accountants and the disclosure requirements set out in Chapter 18 of the GEM Listing Rules. The principal accounting policies used in the preparation of these unaudited condensed consolidated interim accounts are consistent with those used in the annual accounts for the year ended 31 March 2003, except for the new adoption of Statement of Standard Accounting Practice No. 12 (Revised) "Accounting for Income Taxes" issued by the Hong Kong Society of Accountants, which has no significant impact on the unaudited consolidated results for the six months ended 30 September 2003. 2. EARNINGS PER SHARE The calculation of basic earnings per share for the three and six months ended 30 September 2003 are based on the unaudited consolidated net profit attributable to shareholders for the three and six months ended 30 September 2003 of approximately HK$340,000 and HK$783,000 respectively (three and six months ended 30 September 2002: HK$324,000 and HK$731,000) and on 400,000,000 shares in issue during the three and six months ended 30 September 2003 (weighted average number of shares in issue for the three and six months ended 30 September 2002: 400,000,000 shares and 373,475,000 shares respectively). Diluted earnings per share for the three months and six months ended 30 September 2003 and the corresponding periods in 2002 have not been disclosed as no dilutive events existed during those periods. |