PAN SINO INT'L<08260> - Results Announcement (Q2, 2005, Summary)
Pan Sino International Holding Limited announced on 10/08/2005:
(stock code: 08260 )
Year end date :31/12/2005
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 01/01/2005 from 01/01/2004
to 30/06/2005 to 30/06/2004
$'000 $'000
Turnover : 268,665 220,966
Profit/(Loss) from Operations : 60,802 57,008
Finance cost : 0 0
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 : 40,730 38,337
% Change Over the Last Period : +6.24%
EPS / (LPS)
Basic (in dollar) : HKD 0.0489 HKD 0.0479
Diluted (in dollar) : HKD 0.0459 HKD 0.0449
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 40,730 38,337
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
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:
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. Basis of Presentation and Accounting Policies
These financial statements 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 ("HKICPA") and are prepared under
the historical cost convention.
In 2004, the HKICPA issued a number of new and revised Hong Kong
Accounting Standard and Hong Kong Financial Reporting standards
("HKFRS") which are effective for accounting period beginning
on or after 1st January, 2005. The adoption of these HKFRS has no
material impact on the Group's results of operations and financial
position.
2 Turnover
The Group is principally engaged in trading of cocoa beans.
Turnover represents the invoiced value of goods sold during the six
months ended 30th June, 2005.
3. Profit attributable to shareholders
Profit attributable to shareholders for the six months ended 30 June
2005 is approximately HK$40,730,000.
4. Earnings per share
The calculation of the basic earnings per share is based on profit
attributable to shareholders for the six months ended 30th June 2005
of HK$40,730,000.00 (30th June, 2004: HK$38,337,000.00) and on
832,707,182 (30th June 2004: 800,000,000) shares in issue during
the period.
The calculation of the diluted earnings per share is based on profit
attributable to shareholders for the three months ended 30th June
2005 of HK$40,730,000.00 (30th June, 2004: HK$38,337,000.00)
and on 886,467,182 (30th June 2004: 854,000,000) shares in issue during
the period.
5. Migration to the Main Board
As detailed in the Company's announcement dated 12th July, 2005,
the Company is proposing to list its shares on the Main Board by way
of introduction (the "Proposed Introduction"). The Company has also
informed the Stock Exchange of its intention to voluntarily withdraw
the listing of the shares on GEM (the "Proposed Withdrawal") conditional
upon, amongst otherthings, the approval of the application for the
Proposed Introduction.The Company understands that there is no assurance
that permission will be obtained from the Stock Exchange for the
Proposed Withdrawal and the Proposed Introduction. The Company would
like all shareholders and potential investors to be aware that this
implementation is subjected to conditions set out and thus may
or may not become effective. Accordingly, the Proposed Withdrawal
and the Proposed Introduction may or may not proceed.
6. Dividend
The Board does not recommend the payment of dividend for
the six months ended 30 June 2005 (2004: Nil).
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