FX CREATIONS<08136> - Results Announcement (Q1, 2003/2004, Summary)
FX Creations International Holdings Limited announced on 11/08/2003:
(stock code: 08136 )
Year end date :31/03/2004
Currency :HKD
Auditors' report :N/A
Review of 1st 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 30/06/2003 to 30/06/2002
$'000 $'000
Turnover : 13,313 12,156
Profit/(Loss) from Operations : 667 644
Finance cost : (130) (138)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : 443 408
% Change Over the Last Period : +8.58%
EPS / (LPS)
Basic (in dollar) : HKD 0.0011 HKD 0.0012
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : 443 408
1st Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st 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
(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 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.
Remark:
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 reorganisation scheme (the "Group
Reorganisation") to rationalise the structure of the
Company and its subsidiaries (hereinafter collectively
referred to as the "Group") in preparation for the
listing of the Company's shares on GEM of the Stock
Exchange in May 2002, the Company became the holding
company of the companies now comprising the Group on
2 May 2002. Details of the Group Reorganisation are set
out in the Company's prospectus dated 8 May 2002. The
shares of the Company were listed on GEM on 21 May 2002.
The unaudited consolidated results for the three months
ended 30 June 2003 included the results of the Company
and all of its subsidiaries for the three months ended
30 June 2003.
The unaudited comparative 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. Accordingly the unaudited consolidated
reuslts of the Group for the three months ended 30 June
2002 included the results of the Company and its
subsidiaries with effect from 1 April 2002 as if the
current Group structure has been in existence throughout
the periods.
In the opinion of the Directors, the unaudited consolidated
results prepared on the above basis present fairly the
results of the Group as a whole.
All significant transactions and balances within the Group
have been eliminated on consolidation.
2. EARNINGS PER SHARE
The calculation of basic earnings per share for the three
months ended 30 June 2003 is based on the unaudited net
profit attributable to shareholders for the three months
ended 30 June 2003 of approximately HK$443,000 (three
months ended 30 June 2002: HK$408,000) and 400,000,000
shares in issue during the three months ended 30 June 2003
(weighted average number of shares in issue for the three
months ended 30 June 2002: 346,925,000).
Diluted earnings per share for the three months ended 30
June 2002 and 2003 have not been disclosed as no diluting
events existed during those periods.
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