RIVERHILL HOLD<08127> - Results Announcement (Q1, 2003/2004, Summary) Riverhill Holdings Limited announced on 27/11/2003: (stock code: 08127 ) Year end date :30/06/2004 Currency :HKD Auditors' report :N/A Review of 1st 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 01/07/2003 from 01/07/2002 to 30/09/2003 to 30/09/2002 $ $ Turnover : 0 1,389,246 Profit/(Loss) from Operations : (429,376) (3,851,824) Finance cost : 0 0 Share of Profit/(Loss) of Associates : 0 (128,570) Share of Profit/(Loss) of Jointly Controlled Entites : 0 0 Profit/(Loss) after Taxation & MI : (8,999,594) (3,857,831) % Change Over the Last Period : N/A EPS / (LPS) Basic (in dollar) : (HKD 0.0217) (HKD 0.0093) Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit (Loss) after ETD Items : (8,999,594) (3,857,831) 1st Quarterly Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 1st 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 Riverhill Holdings Limited Signature : Name :Mr. Ng Kay Kwok Title :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: Note 1 Basis of preparation The financial statements have been prepared in accordance with Hong Kong Statements of Standard Accounting Practice, accounting principles generally accepted in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance. They have been prepared under the historical cost convention. All intercompany transactions and balances within the Group have been eliminated on consolidation. Note 2 Loss after taxation and minority interests For the three months ended 30th September 2003 there was a written off of investments in subsidiaries and associates of amount HK$8,570,218. The written off was based on the directors' opinion that these subsidiaries and associates can never generate any economic benefits to the Company. Because of this written off, the Company did not consolidate the results of these subsidiaries and hence recorded zero turnover. Note 3 Loss per share The calculation of the basic loss per share is based on the net loss attributable to shareholders for the three months ended 30th September 2003 of HK$8,999,594 (2002: HK$3,857,831) and on the weighted average number of 415,000,000 (2002: 415,000,000) ordinary shares in issue during the period. The diluted loss per share has not been presented as the outstanding options had an anti-dilutive effect on the basic loss per share for the periods. |