PAN SINO INT'L<08260> - Results Announcement (Final, 2003, Summary)
PAN SINO INTERNATIONAL HOLDING LIMITED announced on 25/03/2004:
(stock code: 08260)
Year end date :31/12/2003
Currency :HKD
Auditors' report :Unqualified
Review of Quarterly Report by :N/A
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
(Audited) (Audited)
Current Last
Corresponding
Period Period
from 01/01/2003 from 01/01/2002
to 31/12/2003 to 31/12/2002
$'000 $'000
Turnover : 610,165 300,947
Profit/(Loss) from Operations : 147,178 60,754
Finance cost : (1,921) (6,474)
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 : 85,275 37,719
% Change Over the Last Period : +126.08%
EPS / (LPS)
Basic (in dollar) : HKD 14.6 HKD 6.7
Diluted (in dollar) : HKD 13.4 HKD 6.1
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 85,275 37,719
Final Dividends per Share : HKD0.01 NIL
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends :13/05/2004 to 18/05/2004 bdi.
Payable Date : 11/06/2004
B/C Dates for Annual General Meeting :13/05/2004 to 18/05/2004 bdi.
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
PAN SINO INTERNATIONAL HOLDING LIMITED
Signature :
Name : Johanas Herkiamto
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:
1. Group Reorganisation and Basis of Preparation
The Company was incorporated in the Cayman Islands on 16th October,
2002 as an exempted company with limited liability under the Companies
Law, Cap. 22 (Law 3 of 1961, as consolidated and revised) of the Cayman
Islands. Pursuant to a reorganisation scheme to rationalise the
structure of the Group in preparation for the listing of the
Company's shares on the Growth Enterprise Market
of the Stock Exchange of Hong Kong
Limited (the Reorganisation), the Company became the holding
company of the companies now comprising the Group on 23rd June,
2003. This was accomplished by acquiring the entire issued share
capital of Dickinson Group Limited in consideration of and in
exchange for the Company's allotted and issued ordinary shares.
2. Basis of Preparation
The measurement basis used in the preparation of the financial
statements is historical cost.
3. Earnings per share
The calculation of basic earnings per share for the year ended 31st
December, 2003 is based on the Group's profit attributable to
shareholders and the weighted average number
of 582,356,164 shares (comprising 560,000,000 shares, being 1 share is
sued on the incorporation of the Company on 16th October, 2002, 99,999
shares as the consideration for the acquisition of the entire issued share
capital of Dickinson on 23rd June, 2003 and adjusting for the capitalisation
issue of 559,900,000 shares as referred to in the prospectus of the Company
dated 25th November, 2003 and 22,356,164 shares, being the weighted average
number of 240000000shares issued to the placees on 28th November, 2003) in
issue during theyear ended 31st December, 2003.
Diluted earnings per share for the year ended 31st December, 2003 is
based on the Group's profitattributable to shareholders and the weighted
average number of 636,709,105 shares in issue during the year. The number
of shares used in the calculation comprised 582,356,164 shares and
54,352,941 shares assumed to have been issued at no consideration
on the deemed exercise of the options under the Pre-IPO Share Option
Scheme based on the fair value per share of HK$0.34.
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