DIGITEL<08030> - Results Announcement (Q2, 2003, Summary)
DigiTel Group Limited announced on 13/08/2003:
(stock code: 08030 )
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 : 2,071 3,809
Profit/(Loss) from Operations : (3,424) (43,773)
Finance cost : (1,072) (4,823)
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 : (4,496) (48,596)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD -0.00394 HKD -0.04584
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (4,496) (48,596)
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
DigiTel Group Limited
Signature :
Name :Lee Chuen Bit
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 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 financial statements have been prepared under the historical cost
convention as modified by the revaluation of investment property, in
accordance with accounting principles generally accepted in Hong Kong
and comply with accounting standards issued by the Hong Kong Society of
Accountants.
The financial statements are unaudited but have been reviewed by the
Company's Audit Committee and have been prepared in accordance with
Statement of Standard Accounting Practice No.25 "Interim Financial
Reporting" issued by the Hong Kong Society of Accountants.
The accounting policies and basis of preparation used in the preparation
of these interim financial statements are the same as those used in the
preparation of the Group's audited financial statements for the year
ended 31 December 2002.
2. Turnover
The Group's turnover by principal activities is analysed as follows:
(Unaudited)
For the six months ended
30 June 30 June
2003 2002
HK'000 HK'000
Customized solution services
income - 575
Web application services
income - 8
Sale of goods at invoiced
value, net of returns and
discounts 1,692 2,752
Rental income 379 474
------ ------
Total 2,071 3,809
====== ======
3. Loss per share
(a) Basic loss per share
The calculation of basic loss per share is based on the following data:
(Unaudited)
For the six months ended
30 June 30 June
2003 2002
Loss HK'000 HK'000
Net loss for the period 4,496 48,596
====== ======
Number of shares
Weighted average number of shares for the
purpose of basic loss per
share 1,040,730,792 1,060,067,809
============= =============
(b) Diluted loss per share
There is no dilution arising from the outstanding share options
granted by the Company, the convertible notes and convertible
debentures issued by the Group. Accordingly, no diluted loss per
share for both periods had been presented.
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