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.
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