ARCONTECH<08097> - Results Announcement (Final, 2004/2005, Summary)
Arcontech Corporation announced on 17/09/2005:
(stock code: 08097 )
Year end date :31/03/2005
Currency :HKD
Auditors' report :Qualified
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 1/4/2004 from 1/4/2003
to 31/3/2005 to 31/3/2004
$'000 $'000
Turnover : 26,497 100,459
Profit/(Loss) from Operations : (126,736) (99,655)
Finance cost : (10,327) (9,387)
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 : (129,394) (92,874)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.1578) (HKD 0.1133)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (129,394) (92,874)
Final Dividends per Share : NIL NIL
(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 (-) 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
Arcontech Corporation
Signature :
Name : Chan Kwok Choi
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 presentation
The Hong Kong Institute of Certified Public Accountants
("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 1
January 2005.
The Group has not early adopted these new HKFRSs in
the accounts for the year ended 31 March 2005. The
Group has considered the potential impact of these new
HKFRSs and concluded that the adoption of these
standards would not have a significant impact on its
results of operation and financial position.
The accounts have been prepared in accordance with
accounting principles generally accepted in Hong Kong
and comply with accounting standards issued by the
HKICPA. They have been prepared under the historical
cost convention as modified by the revaluation of
investment properties.
2. Loss per share
The calculation of basic loss per share is based on the Group's loss
attributable to shareholders of approximately HK$129,394,000
(2004: HK$92,874,000) and the weighted average number of
820,000,000 ordinary shares (2004: 820,000,000 ordinary shares) in
issue during the year.
Diluted loss per share for both years has not been presented as there
were no dilutive potential ordinary shares outstanding as at the
balance sheet date.
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