FIRST MOBILE<08110> - Results Announcement
First Mobile Group Holdings Limited announced on 22/03/2005:
(stock code: 08110 )
Year end date: 31/12/2004
Currency: HKD
Auditors' Report: Unqualified
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
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
Note ('000 ) ('000 )
Turnover : 6,183,131 6,191,951
Profit/(Loss) from Operations : 128,883 117,048
Finance cost : (32,796) (33,051)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A (166)
Profit/(Loss) after Tax & MI : 63,072 55,444
% Change over Last Period : +13.76 %
EPS/(LPS)-Basic (in dollars) : 0.032 0.028
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 63,072 55,444
Final Dividend : HK0.5 cent Nil
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 20/04/2005 to 26/04/2005 bdi.
Payable Date : 26/05/2005
B/C Dates for Annual
General Meeting : 20/04/2005 to 26/04/2005 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
First Mobile Group Holdings Limited
Name : Chan Po Yi
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. Basis of preparation and accounting policies
The accounts have been prepared in accordance with
accounting principles generally accepted in Hong
Kong and comply with accounting standards issued
by the Hong Kong Institute of Certified Public
Accountants (the "HKICPA"). They have been
prepared under the historical cost convention
except that properties and other securities
are stated at fair value.
The accounting policies used in the accounts are
consistent with those used in the annual report
for the year ended 31st December, 2003.
The HKICPA has issued a number of new and revised
Hong Kong Financial Reporting Standards and Hong
Kong Accounting Standards ("new HKFRSs") which are
effective for accounting periods beginning on or
after 1st January, 2005. The Group has not early adopted
these new HKFRSs in the accounts for the year ended
31st December, 2004. The Group has already commenced
an assessment of the impact of these new HKFRSs but is
not yet in a position to state whether these new HKFRSs
would have a significant impact on its results of
operations and financial position.
2. Taxation
(i). Hong Kong profits tax has been provided at the
rate of 17.5% on the estimated assessable
profits for the year ended 31st December, 2004.
(ii). Taxation on overseas profits has been calculated
on the estimated assessable profits for the year
ended 31st December, 2004 at the rates of
taxation prevailing in the countries in which
the Group operates.
3. Dividend
At a meeting of board of Directors, the Directors
have proposed a final dividend of HK0.5 cent per
share payable to members subject to approval of
such final dividend in the forthcoming Annual
General Meeting to be held on 26th April, 2005.
If the dividend is approved in the said Annual
General Meeting, such dividend will be payable on
26th May, 2005 to members whose names are on the
register of members of the Company on 26th April, 2005.
The register of members of the Company will be
closed from Wednesday, 20th April, 2005 to Tuesday,
26th April, 2005, both days inclusive, during which
period no transfer of shares may be registered. In
order to qualify for the proposed final dividend,
all transfer documents accompanied by the relevant
share certificates must be lodged with the Company's
branch share registrar in Hong Kong, Abacus Share
Registrars Limited at G/F, Bank of East Asia Harbour
View Centre, 56 Gloucester Road, Wanchai, Hong Kong
for registration, not later than 4:00 p.m. on Tuesday,
19th April, 2005.
4. Earnings per share
Basic earnings per share for the year is calculated
based on the profit attributable to shareholders
of HK$63,072,000 (2003 : HK$55,444,000) and on
the weighted average number of 1,945,696,565
(2003 : 1,945,696,565) shares in issue during
the year.
Diluted earnings per share is not presented
as the Company has no dilutive potential
shares as at 31st December, 2004 (2003 : Not
applicable).
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