FLEXSYSTEM<08050> - Results Announcement
FlexSystem Holdings Limited announced on 19/06/2003:
(stock code: 08050 )
Year end date: 31/03/2003
Currency: HKD
Auditors' Report: Unqualified
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/04/2002 from 01/04/2001
to 31/03/2003 to 31/03/2002
Note ('000 ) ('000 )
Turnover : 53,799 56,198
Profit/(Loss) from Operations : (13,523) (14,597)
Finance cost : 0 (17)
Share of Profit/(Loss) of
Associates : (856) (585)
Share of Profit/(Loss) of
Jointly Controlled Entities : 250 (639)
Profit/(Loss) after Tax & MI : (14,464) (66,724)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.0241) (0.1112)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (14,464) (66,724)
Final Dividend : N/A 1.00 cent
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final 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
For and on behalf of
FlexSystem Holdings Limited
Name : Gary Leung
Title : Executive Director and C.F.O.
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
whatsever 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 presentation
FlexSystem Holdings Limited ("the Company") was incorporated in the
Cayman Islands as an exempted company with limited liability on 8th
May, 2000 under the Companies Law (2000 Revision) of the Cayman
Islands.
The financial statements have been prepared in accordance with
Statements of Standard Accounting Practice and Interpretations issued
by the Hong Kong Society of Accountants, accounting principles
generally accepted in Hong Kong, the disclosure requirements of the
Hong Kong Companies Ordinance and the applicable disclosure provisions
of the Rules Governing the Listing of Securities on the GEM of the
Exchange. The financial statements have been prepared under the
historical cost convention except that certain property and investments
in securities are stated at fair value.
All significant intra-group transactions and balances have been
eliminated on combination.
(2) Loss per share
The calculation of the Group's basic loss per share is based on the
Group's audited consolidated loss attributable to shareholders of
approximately HK$14,464,000 (2002: HK$66,724,000) and the weighted
average number of 600,000,000 (2002: 600,000,000) ordinary shares in
issue during the year.
There were no dilutive potential shares in issue during the year ended
31st March, 2003.
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