FLEXSYSTEM<08050> - Results Announcement FlexSystem Holdings Limited announced on 21/06/2004: (stock code: 08050 ) Year end date: 31/03/2004 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 01/04/2003 from 01/04/2002 to 31/03/2004 to 31/03/2003 Note ('000 ) ('000 ) Turnover : 51,828 53,799 Profit/(Loss) from Operations : (5,776) (13,523) Finance cost : 0 0 Share of Profit/(Loss) of Associates : (858) (856) Share of Profit/(Loss) of Jointly Controlled Entities : (107) 250 Profit/(Loss) after Tax & MI : (7,022) (14,464) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0117) (0.0241) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (7,022) (14,464) Final Dividend : N/A N/A 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 Wai Cheung Title : Cheif Financial Officer 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 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$7,022,000 (2003: HK$14,464,000) and the weighted average number of 600,000,000 (2003: 600,000,000) ordinary shares in issue during the year. There were no dilutive potential shares in issue during the year ended 31st March, 2004. |