GP NANOTECH<08152> - Results Announcement (Q2, 2003, Summary)
GP NanoTechnology Group Limited announced on 13/08/2003:
(stock code: 08152 )
Year end date: 31/12/2003
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 01/01/2003 from 01/01/2002
to 30/06/2003 to 30/06/2002
Note ('000 ) ('000 )
Turnover : 19,577 41,498
Profit/(Loss) from Operations : (46,786) 8,546
Finance cost : (428) (453)
Share of Profit/(Loss) of
Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : (47,022) 7,153
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.094) 0.0143
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : (47,022) 7,153
2nd Quarterly Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
2nd 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
GP NanoTechnology Group Limited
Name : Chow Chun Kwong
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
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
The unaudited consolidated results of the Group have been
prepared in accordance with the Statement of Standard
Accounting Practice("SSAP") 25 "Interim Reporting" issued
by the Hong Kong Society of Accountants. The accounting
policies adopted are consistent with those followed in the
Group's annual financial statements for the year ended
31 December 2002, except for the changes due to adoption
of the new and revised SSAPs which have became effcetive
since 1 January 2003. The adoption of these new and revised
SSAPs has no material impact on the Group's results and
net assets.
2. Turnover
Turnover represents the net amounts received and receivable
for goods sold, less returns and allowances by the Group,
to outside customers during the six months ended
30 June 2003.
3. Loss /(Earnings) per share
The calculation of the basic loss per share for the six
months ended 30 June 2003 is based on the unaudited
consolidated loss attributable to the shareholders of
approximately HK$ 47.02 million (six months ended 30 June
2002 of approximately HK$ 7.15million) and the weighted
average number of 500,000,000 shares for the six months
ended 30 June 2003 and 2002.
Diluted loss per share is not presented because there is no
dilutive potential ordinary shares in existence during
the periods.
4. Interim dividend
The Board does not recommend the payment of an interim
dividend for the six months ended 30 June 2003.
(six months ended 30 June 2002 : Nil)
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