PAN SINO INT'L<08260> - Results Announcement (Final, 2004, Summary)
Pan Sino International Holding Limited announced on 21/03/2005:
(stock code: 08260 )
Year end date :31/12/2004
Currency :HKD
Auditors' report :Unqualified
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 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
HK'000 HK'000
Turnover : 619,103 610,165
Profit/(Loss) from Operations : 138,241 147,178
Finance cost : - (1,921)
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 : 91,694 85,275
% Change Over the Last Period : +7.53%
EPS / (LPS)
Basic (in dollar) : HKD 0.115 HKD 0.146
Diluted (in dollar) : HKD 0.107 HKD 0.134
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 91,694 85,275
Final Dividends per Share : NIL HKD0.01
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends : N/A
Payable Date : N/A
B/C Dates for Annual General Meeting :13/05/2005 to 18/05/2005 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 : Rudi Zulfian
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:
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.
1. Group Reorganisation
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 ("GEM") of
The Stock Exchange of Hong Kong Limited, the Company became the
holding company of the companies now comprising the Group on
23rd June, 2003. The shares of the Company were listed on GEM on
2nd December, 2003.
2. Listing Date
The Company was listed on 2nd December 2003.
3. Basis of Preparation
The Group's financial statements have been prepared in accordance with
accounting principles generally accepted in Hong Kong and comply with
Statements of Standard Accounting Practice issued by the Hong Kong
Institute of Certified Public Accountants and are prepared under the
historical cost convention.
4. Earnings per share
(a) The calculation of basic earnings per share for the year ended 31st
December, 2004 is based on the Group's profit attributable to
shareholders and 800,000,000 shares in issue during the
year ended 31st December, 2004.
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 issued 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 Group Limited 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 240,000,000 shares
issued to the placees on 28th November, 2003) in issue during the
year ended 31st December, 2003.
(b) Diluted earnings per share for the year ended 31st December, 2004 is
based on the Group's profit attributable to shareholder and the
weighted average number of 854,193,548 shares in issue during the year.
The number of shares used in the calculation comprised 800,000,000
shares referred to in note 4(a) above and 54,193,548 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$0.31.
Diluted 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 636,709,105 shares in issue during the
year. The number of shares used in the calculation comprised
582,356,164 shares referred to in note 4(a) above 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.
|