FORTUNE TELECOM<08040> - Results Announcement (Q2, 2002/2003, Summary) Fortune Telecom Holdings Limited announced on 12/11/2002 (stock code: 08040) Year end date :31/03/2003 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 01/04/2002 from 01/04/2001 to 30/09/2002 to 30/09/2001 $'000 $'000 Turnover : 1,683,544 1,616,848 Profit/(Loss) from Operations : 53,952 29,997 Finance cost : (8,227) (6,442) Share of Profit/(Loss) of Associates : (38) (101) Share of Profit/(Loss) of Jointly Controlled Entites : N/A N/A Profit/(Loss) after Taxation & MI : 34,375 20,172 % Change Over the Last Period : +70.41% EPS / (LPS) Basic (in dollar) : HKD 0.114 HKD 0.067 Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 34,375 20,172 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 (bdi: both days inclusive) For and on behalf of Fortune Telecom Holdings Limited Signature : Name :Lau Siu Ying, Steve Title :Chairman 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 and accounting policies The consolidated financial statements incorporate the financial statements of the Company and its subsidiaries for the six months ending 30th September, 2002. All significant inter-company transactions and balances within the Group are eliminated on consolidation. The accounting policies and methods of computation used in the preparation of the consolidated financial statements are consistent with those used in the annual audited consolidated financial statements for the year ended 31st March, 2002. The comparatives figures of finance costs for the six months ended 30th September, 2001 have been changed and reclassified to conform with current year presentation. 2. Earnings per share The calculation of the basic earnings per share is based on the profit for the period of HK$34,375,000 (2001: HK$20,172,000) and on the weighted average number of 302,100,000 shares (2001: 300,700,000 shares) in issue during the period. |