FX CREATIONS<08136> - Results Announcement (Final, 2003/2004, Summary)
FX Creations International Holdings Limited announced on 18/06/2004:
(stock code: 08136 )
Year end date :31/03/2004
Currency :HKD
Auditors' report :Unqualified
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 01/04/2003 from 01/04/2002
to 31/03/2004 to 31/03/2003
$'000 $'000
Turnover : 65,847 59,564
Profit/(Loss) from Operations : 1,143 2,913
Finance cost : (499) (660)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : 751 1,696
% Change Over the Last Period : -55.72%
EPS / (LPS)
Basic (in dollar) : HKD 0.0019 HKD 0.0044
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : 751 1,696
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
(bdi: both days inclusive)
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
to the Information and undertake to indemnify the Exchange against all
undertake to indemnify the Exchange against all liability incurred and all losses
suffered by the Exchange in connection with or relating to the Information.
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 Companyˇ¦s shares on the
Growth Enterprise Market ("GEM") of The Stock Exchange of Hong
Kong Limited, the Company became the holding company of its
subsidiaries on 2 May 2002. Details of the Group Reorganisation
are set out in the prospectus issued by the Company dated 8
May 2002.
The shares of the Company were listed on the GEM on 21 May 2002.
The financial statements have been prepared under the historical
convention and in accordance with accounting standards issued
by Hong Kong Society of Accountants, generally accepted accounting
principles in Hong Kong and the disclosure requirements of
the Hong Kong Companies Ordinance.
The consolidated financial statements have been prepared using
the merger basis of accounting as a result of the Group
Reorganisation. Under this basis, the Company has been treated as
the holding companies of its subsidiaries for the financial years
presented rather than from the date of their acquisition.
Accordingly, the consolidated results of the group for the years
ended 31 March 2003 and 2004 include the results of the Company
and its subsidiaries with effect from 1 April 2002 or since
their respective dates of incorporation, where this is a
shorter period.
In the opinion of the directors, the consolidated financial
statements prepared on the above basis present more fairly the
results and the state of affairs of the group as a whole.
All significant intercompany transactions and balances within
the Group are eliminated on consolidation.
2. EARNINGS PER SHARE
Basic earnings per share is calculated based on the profit
attributable to shareholders of HK$751,000 (2003: HK$1,696,000)
and on weighted average number of 400,000,000 shares in issue
during the year (2003: 386,701,000 shares).
Diluted earnings per share is not presented as there are no
diluting events during the year.
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