RIVERHILL HOLD<08127> - Results Announcement (Q2, 2002/2003, summary)
Riverhill Holdings Limited announced on 13/02/2003:
(stock code: 08127)
Year end date :30/06/2003
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 01/07/2002 from 01/07/2001
to 31/12/2002 to 31/12/2001
$'000 $'000
Turnover : 2,021 1,565
Profit/(Loss) from Operations : (7,505) (6,565)
Finance cost : 0 (216)
Share of Profit/(Loss) of Associates : (286) 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (7,558) (6,782)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0182) (HKD 0.0163)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (7,558) (6,782)
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
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 and accounting policies
These financial statements have been prepared in accordance with
Hong Kong Statements of Standard Accounting Practice ("SSAP") 25,
Interim Financial Reporting, issued by the Hong Kong Society of
Accountants and the disclosure requirements in relation to half-
year results as set out in Chapter 18 of the GEM Listing Rules.
They have been prepared under the historical cost covention.
The accounting policies adopted by the Group are consistent with
those followed in the annual financial statements for the year
ended 30th June, 2002. The consolidated financial statements
have been prepared using the merger basis of accounting.
2. Turnover
The Group's turnover represents the value of services rendered
and the net invoiced value of goods sold, after allowances for
the returns, trade discounts and sales tax.
3. Loss per share
The calculation of the basic loss per share for the three months
ended 31st December, 2002 was based on the net loss attributable
to shareholders for the period of HK$3,699,752 (2001: net loss
of HK$3,994,992) and on the weighted average number of
415,000,000 ordinary shares (2001: 415,000,000).
The calculation of the basic loss per share for the six months
ended 31st December, 2002 was based on the net loss attributable
to shareholders for the period of HK$7,557,583 (2001: net loss
of HK$6,781,576) 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. Interim dividend
The directors do not recommend the payment of any interim
dividend for the six months ended 31st December, 2002 (2001:
Nil).
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