MEDIANATION<08160> - Results Announcement (Q1, 2004, Summary) MediaNation Inc. announced on 10/05/2004: (stock code: 08160) Year end date :31/12/2004 Currency :HKD Auditors' report :N/A 1st Quarterly Report Reviewed 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 01/01/2004 from 01/01/2003 to 31/03/2004 to 31/03/2003 $'000 $'000 Turnover : 86,336 76,175 Profit/(Loss) from Operations : (11,269) (48,091) Finance cost : (10) (207) Share of Profit/(Loss) of Associates : 5,942 2,624 Share of Profit/(Loss) of Jointly Controlled Entites : N/A N/A Profit/(Loss) after Taxation & MI : (7,094) (46,154) % Change Over the Last Period : N/A EPS / (LPS) Basic (in dollar) : (HKD 0.0039) (HKD 0.0768) Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : (7,094) (46,154) 1st Quarter Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 1st Quarter 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. Loss per share In August 2003, 1,202,325,990 shares of HK$0.10 each were issued to the public by way of an open offer, for a total consideration of approximately HK$120.2 million before related issuing expenses. These ordinary shares are included in the calculation of weighted average number of shares for the period under review. (a) Basic loss per share The calculation of basic loss per share for the three months ended 31st March 2004 is based on the Group's net loss attributable to shareholders of approximately HK$7,094,000 (three months ended 31st March 2003: approximately HK$46,154,000), divided by the weighted average number of 1,803,488,985 ordinary shares outstanding during the period (three months ended 31st March 2003: 601,162,995 ordinary shares). As at 31st March 2004, 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 ended 31st March 2004 and 2003 is presented because the effect of the assumed conversion of all potential dilutive ordinary shares is anti-dilutive. |