GOLD WO INT'L<00090> - Results Announcement (Summary)
Gold Wo International Holdings Limited announced on 19/12/2001:
(stock code: 90)
Year end date: 31/3/2002
Currency: HKD (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/4/2001 from 1/4/2000
to 30/9/2001 to 30/9/2000
('000) ('000)
Turnover : 75,982 68,018
Profit/(Loss) from Operations : 14,147 17,751
Finance cost : (1,425) (1,096)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 11,652 15,325
% Change over Last Period : -24%
EPS/(LPS)-Basic : 2.9 cents 4.7 cents
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 11,652 15,325
Interim Dividend per Share : NIL NIL
(Specify if with other options) : N/A N/A
B/C Dates for Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remark:
Basis of presentation
Pursuant to a reorganisation scheme to rationalise the structure of
the Group in preparation for the listing of the Company's shares on the
Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 12 April
2001, the Company became the holding company of the companies now
comprising the Group on 26 March 2001 (the "Group Reorganisation"). This
was accomplished by acquiring the entire issued share capital of Richlink
International Holdings Limited ("Richlink International"), the then
holding company of the subsidiaries in consideration of and in exchange
for the allotment and issue of 10,000,000 ordinary shares of HK$0.01 each
in the share capital of the Company, credited as fully paid, to the former
shareholders of Richlink International and the existing 10,000,000 nil
paid shares, credited as fully paid existing 10,000,000 nil paid shares,
credited as fully paid at par. Further details of the Group Reorganisation
and of the subsidiaries acquired pursuant thereto are set out in the
Company's prospectus dated 30 March 2001.
The Group Reorganisation involved companies under common control. The
consolidated financial statements have been prepared using the merger
basis of accounting as a result of the Group Reorganisation completed on
26 March 2001. Under this basis, the Company has been treated as the
holding company of its subsidiaries for the financial years, presented
rather than from the date of acquisition of the subsidiaries. Accordingly,
the consolidation results of the Group for the six months period ended
30 September 2000 and 2001 include the results of the Company and its
subsidiaries with effect from 01 April 2000 or since their respective
dates of incorporation, where this is a shorter period. The comparative
consolidated balance sheet as at 30 September 2000 has been prepared on
the basis that the existing Group had been in place at that date.
|
