PACMOS TECH<01010> - Results Announcement (Summary)
PacMOS Technologies Holdings Limited announced on 19/4/2002:
(stock code: 1010)
Year end date: 31/12/2001
Currency: HK$
Auditors' Report: Neither
Review of Interim Report by: N/A
(Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/1/2001 from 1/1/2000
to 31/12/2001 to 31/12/2000
('000) ('000)
Turnover : 92,979 117,682
Profit/(Loss) from Operations : (67,238) 8,793
Finance cost : (5,098) (2,737)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : (68,698) 4,954
% Change over Last Period : N/A
EPS/(LPS)-Basic : (20.41 cents) 1.47 cents
-Diluted : N/A 1.45 cents
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (68,698) 4,954
Final Dividend per Share : Nil Nil
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : N/A N/A
Payable Date : N/A
B/C Dates for Annual General Meeting : 21/6/2002 to 26/6/2002 bdi.
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
1. (LOSS) PROFIT BEFORE TAX
(Loss) Profit before tax was determined after charging the following major
items:
2001 2000
$'000 $'000
Depreciation of fixed assets 1,272 6,686
Amortisation of intangible assets 3,165 1,095
Staff costs 27,238 28,612
Research costs 18,776 7,989
Provision for diminution in value of
other investments 52,362 535
2. (LOSS) EARNINGS PER SHARE
The calculation of basic loss per share for the year ended 31st December,
2001 is based on the consolidated net loss attributable to shareholders of
approximately $68,698,000 (restated 2000 - profit of approximately
$4,954,000) and the weighted average number of 336,587,142 shares (2000 -
336,587,142 shares) in issue during the year.
Diluted loss per share is not presented as there is no dilutive effect on
the loss per share for 2001.
3. COMPARATIVE FIGURES
During the year, the Group retroactively adopted the provisions of SSAP 30
requiring the restatement of negative goodwill arising from acquisition
and the recognition of the accumulated amount of negative goodwill as
income since the date of acquisition. The effect of this change in
accounting policy was to increase the net profit for the year ended 31st
December, 2000 by HK$801,000.
Certain 2000 figures have been reclassified to conform to the current
year's presentation.
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