GP NANOTECH<08152> - Results Announcement (Q3, 2002, Summary)
GP NanoTechnology Group Limited announced on 11/11/2002:
(stock code: 08152)
Year end date :31/12/2002
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 01/01/2002 from 01/01/2001
to 30/09/2002 to 30/09/2001
$'000 $'000
Turnover : 58,248 58,214
Profit/(Loss) from Operations : 9,918 14,260
Finance cost : (841) (2,030)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 7,858 10,162
% Change Over the Last Period : -22.67%
EPS / (LPS)
Basic (in dollar) : HKD 0.0157 HKD 0.0203
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 7,858 10,162
3rd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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
GP NanoTechnology Group Limited
Signature :
Name : Chow Chun Kwong
Title : Executive 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. Basis of preparation
The unaudited consolidated results of the Group have been
prepared under the historical cost convention in accordance
with accounting principles generally accepted in Hong Kong and
comply with accounting standards issued by the Hong Kong Society
of Accountants.
2. Turnover
Turnover represents the net amounts received and receivable
for goods sold, less returns and allowances, by the Group to
outside customers during the nine months ended 30 September
2002.
3. Earnings per share
The calculation of the basic earnings per share for each of
the three and nine months ended 30 September 2002 is based
on the unaudited consolidated profit attributable to the
shareholders of approximately HK$705,000 and
HK$7,858,000 (three and nine months ended 30 September 2001:
approximately HK$3,075,000 and HK$10,162,000) and a total of
500,000,000 shares issued on the establishment of the Group and
on the reorganisation of the Group is deemded to have been in
issue since January 2001.
Diluted earnings per share is not presented because there
is no dilutive potential ordinary shares in existence
during the periods.
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