MEDIANATION<08160> - Results Announcement (Q3, 2003, Summary)
MediaNation Inc. announced on 10/11/2003:
(stock code: 08160)
Year end date :31/12/2003
Currency :HKD
Auditors' report :N/A
Review of 3rd 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 30/09/2003 to 30/09/2002
$'000 $'000
Turnover : 266,316 279,474
Profit/(Loss) from Operations : (112,067) (144,570)
Finance cost : (1,553) (8,298)
Share of Profit/(Loss) of Associates : 15,815 12,177
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (102,504) (125,701)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.1215) (HKD 0.2133)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (102,504) (125,701)
3rd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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
For and on behalf of
MediaNation Inc.
Signature :
Name : Yuen Kam Sun
Title : Company Secretary
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 presentation
The financial statements have been prepared in accordance with
accounting principles generally accepted in Hong Kong and
comply with accounting standards issued by the Hong Kong
Society of Accountants ("HKSA") and the disclosure requirements
set out in Chapter 18 of the GEM Listing Rules. They have been
prepared under the historical cost convention.
2. Loss per share
(a) Basic loss per share
The calculation of basic loss per share for the three months
and nine months ended 30th September 2003 is based on the
Group's net loss attributable to shareholders of approximately
HK$18,325,000 and HK$102,504,000 respectively (three months
ended 30th September 2002: approximately HK$47,522,000; nine
months ended 30th September 2002: approximately
HK$125,701,000), divided by the weighted average number of
approximately 1,319,945,000 and 843,390,000 ordinary shares
outstanding during the respective periods. (three months ended
30th September 2002, approximately 601,261,000 ordinary shares;
nine months ended 30th September 2002: approximately
589,329,000 ordinary shares). As at 30th September 2003, there
were 1,803,488,985 shares in issue, following the completion of
the open offer in August 2003.
(b) Diluted loss per share
No diluted loss per share for the three months and nine months
ended 30th September 2003 and 2002 is presented because the
effect of the assumed conversion of all potential dilutive
ordinary shares is anti-dilutive.
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