PACMOS TECH<01010> - Results Announcement
PacMOS Technologies Holdings Limited announced on 19/9/2003:
(stock code: 01010 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 1/1/2003 from 1/1/2002
to 30/6/2003 to 30/6/2002
Note ('000 ) ('000 )
Turnover : 48,195 35,973
Profit/(Loss) from Operations : (33,083) 27,848
Finance cost : (900) (1,309)
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 : (36,487) 28,274
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.108) 0.084
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (36,487) 28,274
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. (LOSS) / PROFIT FROM OPERATIONS
(Loss)/profit from operations is arrived at after charging / (crediting):
Unaudited
Six months ended 30th June
2003 2002
HK$'000 HK$'000
Unrealised loss / (gain) arising from mark-to-market
40,946 (32,458)
valuation of other investments
Depreciation of fixed assets 1,943 1,231
Amortisation of intangible assets 1,700 1,764
Provision for inventory obsolescence 1,249 1,368
Provision for doubtful debts 133 145
Research and development costs 4,408 7,498
Staff costs 5,120 8,292
========= ========
2. (LOSS) / EARNINGS PER SHARE
The calculation of basic (loss)/earnings per share for the six months
ended 30th June 2003 was based on the consolidated net loss attributable
to shareholders of approximately HK$36,487,000 (2002: restated net profit
of HK$28,274,000) and the weighted average number of 336,587,142(2002:
336,587,142) shares in issue during the period.
Diluted earnings per share for the six months ended 30th June 2003 was not
presented as there was no dilution effect on the earnings per share.
3. COMPARATIVE FIGURES
The Group has adopted the new Statement of Standard Accounting Practice
No. 12 "Income Tax" ("SSAP 12") issued by the Hong Kong Society of
Accountants, which are effective for accounting periods commencing on or
after 1st January 2003.
The adoption of the new SSAP 12 represents a change in accounting policy,
which has been applied retrospectively so that the comparatives presented
have been restated to conform to the changed policy. The effect of this
change in accounting policy was to reduce the net profit for the six
months period ended 30th June 2002 by HK$80,000.
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