CHINA DATACAST<08016> - Results Announcement (Q2, 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
2nd 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 30/06/2005 to 30/06/2004
$'000 $'000
Turnover : 30,240 179,867
Profit/(Loss) from Operations : (947) 8,063
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 : (1,699) 7,834
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0053) HKD 0.0246
Diluted (in dollar) : N/A HKD 0.0244
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (1,699) 7,834
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
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 six months ended 30
June 2005 ( 2004 : 17.5% ).
( 4 ) (Loss)/Earnings per share
The calculation of basic (loss)/earnings per share for the
three months and six months ended 30 June 2005 are based on
the net loss attributable to shareholders of approximately
HKD1,851,000 ( 2004 : net profit of HKD4,364,000 ) for the
three months ended 30 June 2005 and the net loss attributable
to shareholders of approximately HKD1,699,000 ( 2004 : net
profit of HKD7,834,000 ) for the six months ended 30 June
2005 and on 318,000,000 ( 2004 : 318,000,000 ) ordinary
shares in issue during the three months and six months ended
30 June 2005.
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 for the three
months and six months ended 30 June 2004 are based on the net
profit attributable to shareholders for the three months
ended 30 June 2004 of approximately HKD4,364,000 and for the
six months ended 30 June 2004 of approximately HKD7,834,000.
The weight average number of ordinary shares used in the
calculation is the 318,000,000 ordinary shares in issue
during the three months and six months ended 30 June 2004, as
used in the basic earnings per share calculation; and the
respective weight average of 2,203,113 and 2,989,390 ordinary
shares assumed to have been issued at no consideration on the
deemed exercise of all share options during the three months
and six months ended 30 June 2004.
( 5 ) Audit committee
As at the date of this announcement ( second quaterly
result ), there is no independent non-executive director
appointed .
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