AKUP INT'L<08179> - Results Announcement (Q3, 2003, Summary)
AKuP International Holding Limited announced on 11/11/2003:
(stock code: 08179 )
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 : 21,596 22,489
Profit/(Loss) from Operations : (12,229) 7,360
Finance cost : (350) (5)
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 : (11,641) 7,965
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0185) HKD 0.0126
Diluted (in dollar) : N/A HKD 0.0126
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (11,641) 7,965
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
(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.
Remark:
1. Basis of preparation
The unaudited third quarterly results announcement has been reviewed
by the Company's audit committee 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.
During the nine months ended 30 September 2003, the Group adopted
the Statement of Standard Accounting Practice ("SSAP") 12 (revised)
"Income Taxes" for the first time in the preparation of the third
quarterly 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 third quarterly 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 nine months
ended 30 September 2003 is based on the loss
attributable to shareholders of HK$11,641,000
divided by 630,000,000 shares in issue during
the relevant period.
The calculation of basic earnings per share for the nine
months ended 30 September 2002 is based on the profit
attributable to shareholders of HK$7,965,000
divided by 630,000,000 shares in issue during
the relevant period.
(b) Diluted (loss)/earnings per share
Diluted loss per share as at 30 September 2003 has not been
presented as the effect of any dilution is anti-dilutive.
The calculation of diluted earnings per share for the nine
months ended 30 September 2002 is based on the profit attributable
to shareholders of HK$7,965,000 and the weighted average number
of ordinary shares of 633,503,294 shares after adjusting for the
effects of all dilutive potential ordinary shares.
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