MEDIANATION<08160> - Results Announcement (Q2, 2004, Summary)
MediaNation Inc. announced on 10/08/2004:
(stock code: 08160 )
Year end date :31/12/2004
Currency :HKD
Auditors' report :N/A
2nd 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 30/06/2004 to 30/06/2003
$'000 $'000
Turnover : 199,888 164,076
Profit/(Loss) from Operations : (17,288) (89,376)
Finance cost : (11) (1,292)
Share of Profit/(Loss) of Associates : 15,559 9,170
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (6,951) (84,179)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0039) (HKD 0.14)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (6,951) (84,179)
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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
(bdi: both days inclusive)
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. Profit/(Loss) per share
In August 2003, 1,202,325,990 shares of HK$0.10 each were
issued to the shareholders of the Company 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 profit/(loss) per share
The calculation of basic profit/(loss) per share for the three
months and six months ended 30th June 2004 is based on the
Group's net profit/(loss) attributable to shareholders of
approximately HK$143,000 and HK$(6,951,000) respectively (three
months ended 30th June 2003 : approximately HK$(38,026,000);
six months ended 30th June 2003 : approximately
HK$(84,179,000)), divided by the weighted average number of
1,803,488,985 ordinary shares outstanding during the period
(three months and six months ended 30th June 2003 :
601,162,995 ordinary shares). As at 30th June 2004, there
were 1,803,488,985 shares in issue, following the completion
of the open offer in August 2003.
(b) Diluted profit/(loss) per share
No diluted profit/(loss) per share for the three months and six
months ended 30th June 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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