AKUP INT'L<08179> - Results Announcement (Q2, 2003, Summary)
AKuP International Holding Limited announced on 12/08/2003:
(stock code: 08179 )
Year end date :31/12/2003
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 01/01/2003 from 01/01/2002
to 30/06/2003 to 30/06/2002
$'000 $'000
Turnover : 13,129 13,030
Profit/(Loss) from Operations : (9,085) 4,053
Finance cost : (142) (2)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (8,831) 4,085
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.014) HKD 0.0065
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (8,831) 4,085
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
(bdi: both days inclusive)
For and on behalf of
AKuP International Holding Limited
Signature :
Name :Hu Shin-Min, Alex
Title :Executive 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
The unaudited interim results announcement has been reviewed
by the audit committee of AKuP International Holding Limited
and prepared in accordance with the applicable disclosure requirements
of the Rules Governing the Listing of Securities on the Growth
Enterprise Market of The Stock Exchange of Hong Kong Limited and
the Statement of Standard Accounting Practice ("SSAP") 25 "Interim
financial reporting" issued by the Hong Kong Society of Accountants.
During the six months ended 30 June 2003, the Group adopted SSAP 12
(revised) "Income Taxes" for the first time in the preparation of the
interim results announcement. SSAP 12 (revised) has introduced a new
basis of accounting for income taxes (including both current tax and
deferred tax). The adoption of SSAP 12 (revised) has had no significant
effect on the results for the current or prior accounting periods.
Other than as described above, the interim results announcement has
been prepared under the historical cost convention and the same
accounting policies adopted in 2002 annual accounts have been applied
to this announcement.
2 Revenue
Revenue represents income arising from the provision
of custom-made solutions, and maintenance services and
professional services and the sale of hardware and software
products. Revenue excludes value added or other sales taxes
and is after deduction of any trade discounts.
3 (Loss)/Earnings per share
(a) Basic (loss)/earnings per share
The calculation of basic loss per share for the six months
ended 30 June 2003 is based on the loss
attributable to shareholders of HK$8,831,000
divided by 630,000,000 shares in issue during
the relevant period.
The calculation of basic earnings per share for the six
months ended 30 June 2002 is based on the profit
attributable to shareholders of HK$4,085,000
divided by 630,000,000 shares in issue during
the relevant period.
(b) Diluted (loss)/earnings per share
Diluted (loss)/earnings per share as at 30 June 2003 and 2002
have not been presented as the effect of any dilution is
anti-dilutive.
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