RIVERHILL HOLD<08127> - Results Announcement (Q2, 2003/2004, Summary)
Riverhill Holdings Limited announced on 12/02/2004:
(stock code: 08127)
Year end date :30/06/2004
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 01/07/2003 from 01/07/2002
to 31/12/2003 to 31/12/2002
$ $
Turnover : 0 2,020,863
Profit/(Loss) from Operations : (805,435) (7,504,667)
Finance cost : 0 0
Share of Profit/(Loss) of Associates : 0 (285,798)
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (9,375,653) (7,557,583)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0226) (HKD 0.0182)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (9,375,653) (7,557,583)
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
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 six months ended 31st December 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 six months ended 31st December
2003 of HK$9,375,653 (2002: HK$7,557,583) 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.
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