LOULAN HOLDINGS<08039> - Results Announcement
Loulan Holdings Limited announced on 09/08/2004:
(stock code: 08039 )
Year end date: 31/12/2004
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2004 from 01/01/2003
to 30/06/2004 to 30/06/2003
Note ('000 ) ('000 )
Turnover : 30,510 24,541
Profit/(Loss) from Operations : (4,738) (2,596)
Finance cost : (1,644) (1,456)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (6,566) (4,127)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.016) (0.01)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (6,566) (4,127)
2nd Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
2nd Quarter Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
Loulan Holdings Limited
Name : Pong Lai Kit Tracy
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. Group reorganisation
The Company was incorporated in the Cayman Islands on 29 August 2001 as
an exempted company with limited liability and its shares have been
listed on the GEM of the Stock Exchange since 12 August 2002.
Pursuant to a group reorganisation ("the Reorganisation") to rationale
the structure of the Group in preparation for the listing of the
Company's shares on the GEM of the Stock Exchange, the Company became
the holding company of the Group on 24 July 2002. Details of the
Reorganisation are set out in the prospectus of the Company dated 31
July 2002 (the "Prospectus").
2. Basis of preparation and principal accounting policies
The unaudited condensed consolidated results have been prepared in
accordance with all applicable Statements of Standard Accounting
Practice and Interpretations issued by the Hong Kong Society of
Accountants, accounting principles generally accepted in Hong Kong,
the applicable disclosure requirements of the Hong Kong Companies
Ordinance and the applicable disclosure provisions of the GEM Listing
Rules of the Stock Exchange of Hong Kong Limited.
With effect from 1 January 2003, in order to comply with SSAP 12
(revised) issued by Hong Kong Society of Accountants, the Group adopted
a new policy for deferred tax to the financial statements. The adoption
of this accounting policy has been applied retrospectively, but has no
material effect on the results for the current or prior accounting
periods. Accordingly, no prior periods adjustment is necessary.
The accounting policies adopted in preparing the unaudited condensed
consolidated results for the period ended 30 June 2004 are consistent
with those followed in the preparation of the Group's annual financial
statements for the year ended 31 December 2003.
3. Loss per share
The calculation of the Group's basic loss per share for the six months
ended 30 June 2004 is based on the unaudited loss attributable to
shareholders of RMB6,566,000 (2003: RMB4,127,000) and the weighted
average of 400,000,000 (2003: 400,000,000) shares in issue during the
period.
Diluted loss per share amounts for the six months respectively ended
30 June 2004 and 2003 have not been disclosed as there were no dilutive
potential shares during the periods.
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