VANDA SYSTEMS<00757> - Results Announcement
Vanda System & Communications Holdings Limited announced on 29/12/2003:
(stock code: 00757 )
Year end date: 31/3/2004
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2003 from 01/04/2002
to 30/09/2003 to 30/09/2002
Note ('000 ) ('000 )
Turnover : 420,990 477,161
Profit/(Loss) from Operations : (35,750) (5,488)
Finance cost : (7,744) (9,781)
Share of Profit/(Loss) of
Associates : 67 312
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (55,585) (17,269)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.0939) (0.041)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (55,585) (17,269)
Interim Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. PROFIT / (LOSS) FROM OPERATING ACTIVITIES
(Unaudited)
Six months ended
30th September,
2003 2002
HK$'000 HK$'000
This is arrived at after charging / (crediting) :
Depreciation 4,741 6,879
Interest on :
Bank loans, overdrafts and supplier loans
wholly repayable within five years
2,017 3,001
Finance lease payable 10 -
Convertible bonds 5,717 6,780
Provisions for and write-off of bad and doubtful debts
4,027 4,277
Cost of inventories sold 332,394 377,604
Loss on disposal of subsidiaries - 1,941
Impairment of a long term investment 3,700 -
Unrealised holding losses on other investments
3,266 -
Impairment on leasehold land and buildings
12,161 -
Write back of provisions against inventories *
(2,305) (6,777)
Interest income (690) (2,248)
==========================
* Amounts included in cost of inventories sold
2. LOSS PER SHARE
The calculation of the basic loss per share for the period is based on the
net loss from ordinary activities attributable to shareholders of
HK$55,585,000 (2002: HK$17,269,000) and the weighted average of
592,173,426 (2002: 421,461,735) ordinary shares in issue during the
period.
Diluted loss per share amounts for the current and prior periods have not
been shown because the potential ordinary shares of the Group outstanding
during both periods had an anti-dilutive effect on the basic loss per
share for both periods.
3. COMPARATIVE AMOUNTS
Certain comparative amounts have been reclassified to conform to the
current period's presentation.
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