ASIA LOGISTICS<00862> - Results Announcement
Asia Logistics Technologies Limited announced on 24/04/2003:
(stock code: 00862 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 31/12/2002 to 31/12/2001
Note ('000 ) ('000 )
Turnover : 18,511 62,809
Profit/(Loss) from Operations : (73,218) (22,083)
Finance cost : (1,565) (326)
Share of Profit/(Loss) of
Associates : (17,363) (70)
Share of Profit/(Loss) of
Jointly Controlled Entities : (128) N/A
Profit/(Loss) after Tax & MI : (89,394) (24,352)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.0267) (0.0084)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (89,394) (24,352)
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 : 22/05/2003 to 28/05/2003bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Turnover
2002 2001
HK$'000 HK$'000
Continuing operations 18,511 61,920
Discontinued operations - 889
------- -------
18,511 62,809
======= =======
2. Loss from operating activities
2002 2001
HK$'000 HK$'000
Continuing operations (73,218) (21,417)
Discontinued operations - (666)
-------- --------
(73,218) (22,083)
======== ========
3. Loss per share
The calculation of basic loss per share is based on the net loss
from ordinary activities attributable to shareholders for the year of
HK$89,394,000 (2001: HK$24,352,000), and the weighted average of
3,342,852,413 (2001: 2,885,446,921) ordinary shares in issue during the
year.
Diluted loss per share amounts for the year ended 31 December 2002 and 31
December 2001 have not been disclosed, as the share options and
convertible bond outstanding during these years had anti-dilutive effects
on the basic loss per share for these years.
4. Certain comparative amounts have been reclassified to conform with
the current year's presentation.
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