FLEXSYSTEM<08050> - Results Announcement
FlexSystem Holdings Limited announced on 10/11/2006:
(stock code: 08050 )
Year end date: 31/03/2007
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
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
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2006 from 01/04/2005
to 30/09/2006 to 30/09/2005
Note ('000 ) ('000 )
Turnover : 39,078 37,453
Profit/(Loss) from Operations : 3,608 4,798
Finance cost : 0 0
Share of Profit/(Loss) of
Associates : (490) (271)
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 2,877 3,429
% Change over Last Period : -16.1 %
EPS/(LPS)-Basic (in dollars) : 0.0048 0.0057
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 2,877 3,429
2nd Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
2nd Quarter 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 : Mr. Gary Leung Wai Cheung
Title : Chief 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 and accounting policies
FlexSystem Holdings Limited ("the Company") was incorporated in the
Cayman Islands on 8 May, 2000 as an exempted company with limited
liability under the Companies Law (2000 Revision) of the Cayman
Islands.
The principal accounting policies adopted in preparing the Group's
unaudited consolidated results conform to accounting principles
generally accepted in Hong Kong and accounting standards issued by
the Hong Kong Institute of Certified Public Accountants ("HKICPA") and
the applicable disclosure provisions of the Rules Governing the
Listing of Securities on 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.
In 2005, the HKICPA issued a number of new or revised Hong Kong
Accounting Standards and Hong Kong Financial Reporting Standards ("the
new HKFRSs") which are effective for accounting periods beginning on
or after 1st January 2006. The adoption of the new HKFRSs had no
material impact on the Group's results of operations and financial
position.
(2) Earning per share
The calculation of the Group's basic earning per share for the six
months ended 30th September, 2006 is based on the Group's unaudited
consolidated profit attributable to shareholders of approximately
HK$2,877,000 (2005: HK$3,429,000) and the weighted average number
of 600,000,000 (2005: 600,000,000) ordinary shares in issue during
the periods.
There were no dilutive pontential ordinary shares in issue during the
periods ended 30th September, 2005 and 2006.
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