GOLDWIZ HOLD<00586> - Results Announcement
Goldwiz Holdings Limited announced on 29/12/2004:
(stock code: 00586 )
Year end date: 31/03/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2004 from 01/04/2003
to 30/09/2004 to 30/09/2003
Note ('000 ) ('000 )
Turnover : 139,527 49,664
Profit/(Loss) from Operations : 20,013 (5,104)
Finance cost : (7,167) (3,632)
Share of Profit/(Loss) of
Associates : (470) N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 11,986 (8,736)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : 0.011 (0.008)
-Diluted (in dollars) : 0.010 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 11,986 (8,736)
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. SEGMENT REPORTING
For the six months ended 30 September 2004 (Unaudited)
Hi-tech
Strategic Property Hotel electronic
investments investments operations products
HK$'000 HK$'000 HK$'000 HK$'000
Revenue from
external
customers - - 26,230 72,238
======= ======== ======== ========
Segment results 35 - 6,312 19,314
Electronics Inter-segment
materials elimination Consolidated
HK$'000 HK$'000 HK$'000
Revenue from
external customers 42,034 (975) 139,527
========= ======== ==========
Segment results (275) - 25,386
Unallocated operating
expenses (5,373)
----------
Profit from operations 20,013
Finance costs (7,167)
Share of results of associates (470)
Taxation (390)
----------
Profit attributable to shareholders 11,986
==========
For the six months ended 30 September 2003 (Unaudited)
Hi-tech
Strategic Property Hotel electronic
investments investments operations products
HK$'000 HK$'000 HK$'000 HK$'000
Revenue from
external
customers - - 20,801 -
======= ======== ======== ========
Segment results (11) 2,947 2,219 (6,530)
Electronics Inter-segment
materials elimination Consolidated
HK$'000 HK$'000 HK$'000
Revenue from external
customers 29,020 (157) 49,664
========= ======== ==========
Segment results 201 - (1,174)
Unallocated operating
expenses (3,930)
----------
Loss from operations (5,104)
Finance costs (3,632)
Share of results of associates -
Taxation -
----------
Loss attributable to shareholders (8,736)
==========
Geographical segments
In presenting information on the basis of geographical segments, segment
revenue is based on the geographical location of the assets.
For the six months ended
30 September
2004 2003
(Unaudited) (Unaudited)
HK$'000 HK$'000
Revenue from external customers
PRC (including Hong Kong) 60,780 34,202
India 517 1,880
Korea 62,280 13,582
Italy 390 -
Malaysia 15,560 -
--------- ----------
139,527 49,664
========= ==========
2. PROFIT/(LOSS) FROM OPERATIONS
Profit/(loss) from operations is arrived at after charging /(crediting)
the following items:
For the six months ended
30 September
2004 2003
(Unaudited) (Unaudited)
HK$'000 HK$'000
(a) Staff costs (including directors'
remuneration)
- contributions to defined
contribution plan 273 138
- other staff salaries, wages
and other benefits 11,897 9,431
-------- --------
12,170 9,569
(b) Other items
Cost of inventories sold and services
provided 90,633 37,483
Auditors' remuneration
- under-provision in prior year 144 3
Depreciation of property, plant and
equipment
- owned assets 2,545 4,820
- an assets held under a finance
lease 65 66
2,610 4,886
Loss on disposal of property, plant
and equipment 104 847
Amortisation of intangible assets 6,580 2,679
Amortisation of positive goodwill 3,494 2,378
Operating leases rentals in respect of
rented premises 1,133 1,944
Provision for doubtful debts 8 20
Net change loss/(gain) 25 (144)
========= =========
3. EARNINGS/(LOSS) PER SHARE
(a) Basic earnings/(loss) per share
The calculation of basic earning/(loss) per share for the six months ended
30 September 2004 is based on the profit/(loss) attributable to
shareholders of approximately HK$11,986,000 (2003: a loss of HK$8,736,000)
and on the weighted average of 1,061,627,920 shares (2003: 1,061,627,920
shares) in issue throughout the period.
(b) Diluted earnings/(loss) per share
The calculation of diluted earnings per share for the period ended 30
September 2004 based on the profit attributable to shareholders of
HK$13,265,084 and the weighted average number of shares of 1,265,575,288
after adjusting for the effects of all dilutive potential shares.
Diluted loss per share for the period ended 30 September 2003 was not
presented as the exercise of the potential shares outstanding during the
six months ended 30 September 2003 has an anti-dilutive effect on the
calculation of diluted loss per share for the period.
4. COMPARATIVE FIGURES
Certain comparative figures have been reclassified to conform to the
current period's presentation.
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