RIVERHILL HOLD<08127> - Results Announcement (Q1, 2002/2003, Summary)
Riverhill Holdings Limited announced on 13/11/2002:
(stock code: 08127)
Year end date :30/06/2003
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 01/07/2002 from 01/07/2001
to 30/09/2002 to 30/09/2001
$'000 $'000
Turnover : 1,389 553
Profit/(Loss) from Operations : (3,852) (2,638)
Finance cost : 0 (149)
Share of Profit/(Loss) of Associates : (128,570) 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (3,858) (2,787)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0093) (HKD 0.0067)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (3,858) (2,787)
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
For and on behalf of
Riverhill Holdings Limited
Signature :
Name : Yick Chong San
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.
Remarks:
1. Basis of preparation
These financial statements have been prepared in accordance with
Hong Kong Statements of Standard Accounting Practice, accounting
principles generally accepted in Hong Kong and the disclosure
requirements of the Hong Kong Companies Ordinance. They have
been prepared under the historical cost convention.
The consolidated financial statements have been prepared using
the merger basis of accounting.
2. Turnover
Turnover represents the value of services rendered and the net
invoiced value of goods sold, after allowances for returns,
trade discounts and sales tax.
3. Loss per share
The calculation of the basic loss per share for the three months
ended 30th September, 2002 was based on the net loss
attributable to shareholders for the period of HK$3,857,831
(2001: net loss of HK$2,786,584) and on the weighted average
number of 415,000,000 ordinary shares (2001: 415,000,000).
The diluted loss per share has not been presented as the
outstanding options had an anti-dilutive effect on the basic
loss per share for the period.
4. First quarterly dividends
The directors do not recommend the payment of any first
quarterly dividends for the three months ended 30th September,
2002. (2001: Nil).
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