FX CREATIONS<08136> - Results Announcement (Q3, 2003/2004, Summary)
FX Creations International Holdings Limited announced on 09/02/2004:
(stock code: 08136 )
Year end date :31/03/2004
Currency :HKD
Auditors' report :N/A
Review of 3rd 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 31/12/2003 to 31/12/2002
$'000 $'000
Turnover : 50,167 42,893
Profit/(Loss) from Operations : 1,558 1,813
Finance cost : (368) (515)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : 1,044 1,090
% Change Over the Last Period : -4.22 %
EPS / (LPS)
Basic (in dollar) : HKD 0.0026 HKD 0.003
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : 1,044 1,090
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd Quarter 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.
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, the Company
acquired the holding company of its subsidiaries 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 (the "Shares") 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 principal accounting policies used in the
preparation of these unaudited consolidated results
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) "Income Taxes" issued by the Hong
Kong Society of Accountants, which has no significant
impact on the unaudited consolidated results for the
nine months ended 31 December 2003.
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 and nine months ended 31 December 2003 is
based on the unaudited net profit from ordinary
activities attributable to shareholders for the three
months and nine months ended 31 December 2003 of
approximately HK$261,000 and HK$1,044,000 respectively
(three months and nine months ended 31 December 2002:
HK$359,000 and HK$1,090,000 respectively)and on
400,000,000 shares in issue during the three months and
nine months ended 31 December 2003 (weighted average
shares in issue for the three months and nine months
ended 31 December 2002: 400,000,000 and 360,219,000
shares respectively).
Diluted earnings per share for the three months and
nine months ended 31 December 2002 and 2003 have not
been disclosed as no diluting events existed during
those periods.
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