FORTUNE TELECOM<08040> - Results Announcement
Fortune Telecom Holdings Limited announced on 02/06/2003:
(stock code: 08040 )
Year end date: 31/03/2003
Currency: HKD
Auditors' Report: Unqualified
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/04/2002 from 01/04/2001
to 31/03/2003 to 31/03/2002
Note ('000 ) ('000 )
Turnover : 2,944,947 3,461,182
Profit/(Loss) from Operations : 97,653 81,074
Finance cost : (20,698) (10,893)
Share of Profit/(Loss) of
Associates : (38) (211)
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 60,917 50,315
% Change over Last Period : +21.07 %
EPS/(LPS)-Basic (in dollars) : 0.202 0.167
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 60,917 50,315
Final Dividend : 0.05 0.05
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 21/08/2003 to 26/08/2003bdi.
Payable Date : 26/09/2003
B/C Dates for Annual
General Meeting : 21/08/2003 to 26/08/2003bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
Fortune Telecom Holdings Limited
Name : Lau Siu Ying
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
whatsever 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 year ended
31st March, 2003. The results of subsidiaries acquired or disposed
of during the year are included in the consolidated income
statement from the effective date of acquisition or up to the
effective date of disposal, as appropriate.
All significant inter-company transactions and balances between
group companies 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, except
that the Group has adopted for the first time in the preparation
of the current year's consolidated financial statements the
new or revised Statements of Standard Accounting Practice
("SSAP") issued by the Hong Kong Society of Accountants which
are effective for accounting period commencing on or after
1st January 2002.
2. Earnings per share
The calculation of the basic earnings per share is based on the
profit for the year of HK$60,917,000 (2002: HK$50,315,000) and
on the weighted average number of 302,100,000 shares (2002:
301,410,000 shares) in issue during the year.
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