FORTUNE TELECOM<08040> - Results Announcement
Fortune Telecom Holdings Limited announced on 08/08/2003:
(stock code: 08040 )
Year end date: 31/03/2004
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
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
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2003 from 01/04/2002
to 30/06/2003 to 30/06/2002
Note ('000 ) ('000 )
Turnover : 327,655 767,342
Profit/(Loss) from Operations : 6,375 38,537
Finance cost : (4,676) (3,840)
Share of Profit/(Loss) of
Associates : 0 (39)
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 946 28,234
% Change over Last Period : -96.65 %
EPS/(LPS)-Basic (in dollars) : 0.003 0.093
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 946 28,234
1st Quarterly Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
1st Quarterly Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
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 unaudited consolidated financial statements incorporate the
financial statements of the Company and its subsidiaries for the
three months ending 30th June, 2003.
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 unaudited consolidated financial statements are
consistent with those used in the annual audited consolidated
financial statements for the year ended 31st March, 2003. Certain
comparative figures for the corresponding period in year 2002
has been reclassified to conform with current year's presentation.
2. Earnings per share
The calculation of the basic earnings per share is based on the
profit for the period of HK$946,000 (2002: HK$28,234,000) and on
the weighted average number of 302,100,000 shares (2002:
302,100,000 shares) in issue during the period.
|