PACMOS TECH<01010> - Results Announcement
PacMOS Technologies Holdings Limited announced on 16/4/2004:
(stock code: 01010 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 1/1/2003 from 1/1/2002
to 31/12/2003 to 31/12/2002
Note ('000 ) ('000 )
Turnover : 121,700 76,233
Profit/(Loss) from Operations : 226,013 11,123
Finance cost : (1,627) (2,405)
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 : 216,712 11,739
% Change over Last Period : +1,746 %
EPS/(LPS)-Basic (in dollars) : 0.6439 0.0349
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 216,712 11,739
Final Dividend : NIL NIL
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 Annual
General Meeting : 19/6/2004 to 23/6/2004 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. PROFIT FROM OPERATIONS
Profit from operations was arrived at after charging and crediting the
following major items:
2003 2002
HK$'000 HK$'000
Charging:
Depreciation of fixed assets 4,070 3,342
Amortisation / written off of intangible assets
4,857 3,667
Research costs 8,374 13,210
Staff costs 14,739 15,958
Crediting:
---------
Unrealised gain arising from mark-to-market valuation of other
investments,net 213,571 17,263
2. EARNINGS PER SHARE
The calculation of basic earnings per share for the year ended 31st
December 2003 is based on the consolidated net profit attributable to
shareholders of approximately HK$216,712,000 (2002 restated:
HK$11,739,000) and 336,587,142 shares (2002: 336,587,142 shares) in issue
during the year.
Diluted earnings per share is not presented as there is no dilutive effect
on the earnings per share.
3. COMPARATIVE FIGURES
The comparative figures presented herewith have incorporated the effect of
prior year adjustment resulting from the adoption of the revised Statement
of Standard Accounting Practice No. 12 "Income Taxes" issued by the Hong
Kong Society of Accountants which is effective for accounting periods
commencing on or after 1st January 2003. This change in accounting policy
has resulted in the profits credited to reserves for the year ended 31st
December 2002 being reduced by the deferred tax charge of HK$170,000.
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