CHINA DATACAST<08016> - Results Announcement (Q1, 2005, Summary)
China Data Broadcasting Holdings Limited announced on 28/12/2005:
(stock code: 08016 )
Year end date :31/12/2005
Currency :HKD
Auditors' report :N/A
1st Quarterly Report Reviewed by :N/A
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 31/3/2005 to 31/3/2004
$'000 $'000
Turnover : 9,196 87,757
Profit/(Loss) from Operations : 152 3,493
Finance cost : N/A N/A
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 : 152 3,470
% Change Over the Last Period : -95.62%
EPS / (LPS)
Basic (in dollar) : HKD 0.00048 HKD 0.0109
Diluted (in dollar) : N/A HKD 0.0108
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 152 3,470
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st 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
China Data Broadcasting Holdings Limited
Signature :
Name : Shum Shing Kei
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
The unaudited financial statements have been prepared in
accordance with Hong Kong Financial Reporting Standards
( which also include Statements of Standards Accounting
Practice and Interpretations ( " SSAP " ) ) issued by the
Hong Kong Institute of Certified Public Accountants
( " HKICPA " ), accounting principles generally accepted in
Hong Kong and the disclosure requirements of the Hong Kong
Companies Ordinance. They have been prepared under the
historical cost convention.
( 2 ) Turnover
Turnover represents the invoiced value of goods sold and
services rendered, net of value-added tax, business tax, and
after allowance for goods returned and trade discount.
( 3 ) Taxation
Taxes on profits assessable elsewhere have been calculated at
the rates of tax prevailing in the countries in which the
Group operates, based on existing legislation,
interpretations and practices in respect thereof.
No provision for Hong Kong profits tax is required since the
Group has no assessable profit for the three months ended 31
March 2005 and 2004.
( 4 ) Earnings per share
The calculation of basic earnings per share for the three
months ended 31 March 2005 is based on the net profit
attributable to shareholders of approximately HKD152,000
( for the three months ended 31 March 2004 : HKD3,470,000 )
and the weighted average of 318,000,000 ( for the three
months ended 31 March 2004 : 318,000,000 ) ordinary shares in
issue during the period.
For the period under review, no diluted earnings per share
was presented as there was no potential dilutive ordinary
shares in issue.
The calculation of diluted earnings per share is based on the
net profit attributable to shareholders for the three months
ended 31 March 2004 of approximately HKD3,470,000. The
weighted average number of ordinary shares used in the
calculation is the 318,000,000 ordinary shares in issue
during the period, as used in the basic earnings per share
calculation; and the weighted average of 3,658,835 ordinary
shares assumed to have been issued at no consideration on the
deemed exercise of all share options during the period.
( 5 ) Audit committee
As at the date of this announcement ( first quaterly
result ), there is no independent non-executive director
appointed .
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