RIVERHILL HOLD<08127> - Results Announcement (Q3, 2002/2003, Summary)
Riverhill Holdings Limited announced on 14/05/2003
(stock codes: 08127)
Year end date :30/06/2003
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 01/07/2002 from 01/07/2001
to 31/03/2003 to 31/03/2002
$'000 $'000
Turnover : 3,390 1,967
Profit/(Loss) from Operations : (9,868) (10,073)
Finance cost : 0 (268)
Share of Profit/(Loss) of Associates : (395) 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (9,940) (10,341)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD (0.024) HKD (0.0249)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (9,940) (10,341)
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
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
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 March, 2003 was based on the net loss attributable
to shareholders for the period of HK$2,382,300 (2002: net loss
of HK$3,559,594) and on the weighted average number of
415,000,000 ordinary shares (2002: 415,000,000).
The calculation of the basic loss per share for the nine months
ended 31st March, 2003 was based on the net loss attributable
to shareholders for the period of HK$9,939,883 (2002: net loss
of HK$10,341,170) and on the weighted average number of
415,000,000 ordinary shares (2002: 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. Third quarterly dividend
The directors do not recommend the payment of any third
quarterly dividend for the nine months ended 31st March, 2003
(2002: Nil).
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