PACMOS TECH<01010> - Results Announcement
PacMOS Technologies Holdings Limited announced on 22/09/2006:
(stock code: 01010 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
Note ('000 ) ('000 )
Turnover : 62,078 73,332
Profit/(Loss) from Operations : 4,237 3,666
Finance cost : N/A (193)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 1,493 2,842
% Change over Last Period : -47.5 %
EPS/(LPS)-Basic (in dollars) : 0.0044 0.0084
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 1,493 2,842
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. Basis of preparation and accounting polices
The interim financial statements are prepared in accordance with Hong Kong
Accounting Standard ("HKAS") 34, "Interim Financial Reporting", issued by
Hong Kong Institute of Certified Public Accountants ("HKICPA") and
Appendix 16 of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited.
The accounting policies and methods of computation used in the preparation
of these condensed interim financial statements are consistent with those
used in the annual financial statements for the year ended 31 December
2005.
HKICPA has issued a number of new standards, amendments to standards and
interpretations that effective for accounting periods beginning on or
after 1 January 2006. The Group has carried out an assessment of these
standards, amendments and interpretations and considered that they have no
significant impact on these interim financial statements.
2. Profit from operations
Profit from operations is arrived at after charging / (crediting):
Unaudited
Six months ended 30 June
2006 2005
HK$'000 HK$'000
Amortisation of intangible assets 288 166
Auditors' remuneration 600 684
Depreciation of plant and equipment 854 1,549
Exchange loss, net 864 300
Operating lease rentals in respect
of land and building 1,642 1,194
(Reversal)/provision for impairment
of trade receivables (246) 11
Research and development costs 7,941 6,850
Staff costs (including Directors'
emoluments) 10,618 7,551
Cost of inventory sold 43,037 61,053
3. Earnings per share
Earnings per share attributable to equity holders of the Company arises
from continuing and discontinued operations as follows:
Unaudited
Six months ended 30 June
2006 2005
Basic earnings per share for profit
from continuing operations attributable
to the equity holders of the Company
(expressed in Hong Kong cents per share) 0.44 0.96
==== ====
Basic earnings per share for loss from
discontinued operation attributable to
the equity holders of the Company
(expressed in Hong Kong cents per share) - (0.12)
==== =======
As there are no dilutive potential ordinary shares as at 30 June 2006 and
2005, the dilutive earnings per share are equal to the basic earnings per
share.
4 Discontinued operation
Wellba Investment Limited, a wholly owned subsidiary of the Company, had
disposed of an investment property situated at 18 Lee Chung Street, Chai
Wan, Hong Kong (the "Property"), to a third party at a total a cash
consideration of HK$51,700,000. The completion date for the disposal of
the Property was on 10 March 2005.
Unaudited
Six months ended 30 June
2006 2005
HK$'000 HK$'000
Turnover - rental income - 726
Other operating expense - Indirect
outgoings - (998)
____________ ___________
Loss from operations - (272)
Finance costs - (132)
_____________ __________
Loss before income tax - (404)
Income tax - -
_____________ ___________
Loss for the period - (404)
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