RAINBOW INT'L<08079> - Results Announcement (Q1, 2003/2004, Summary)
Rainbow International Holdings Limited announced on 12/03/2004:
(stock code: 08079 )
Year end date :31/10/2004
Currency :HKD
Auditors' report :N/A
Interim report reviewed by :Audit Committee
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
(Unaudited) (Unaudited)
Current Last Corresponding
Period Period
from 01/11/2003 from 01/11/2002
to 31/01/2004 to 31/01/2003
$'000 $'000
Turnover : 7,123 3,310
Profit/(Loss) from Operations : 1,955 (1,971)
Finance cost : (132) (368)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 1,823 (2,339)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD 0.0007 (HKD 0.0037)
Diluted (in dollar) : HKD 0.0007 (HKD 0.0037)
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 1,823 (2,339)
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
Rainbow International Holdings Limited
Signature :
Name :Raymond Lo Gun Yuen
Title :Company Secretary
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading. The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard
to the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.
Remark:
1. Basis Of Preparation
The principal accounting policies adopted in preparing the
unaudited consolidated results of the Group conform to accounting
principles generally accepted in Hong Kong and accounting standards
issued by the Hong Kong Society of Accountants and the disclosure
requirements of the Hong Kong Companies Ordinance and GEM Listing Rules.
2. Turnover
Turnover represents (a) the invoiced value of beauty products sold less
discounts and sales returns and (b) services income generated from the
provision of the beauty services during the period after the elimination
of all material inter-company transactions within the Group.
3. Other Revenue
Other revenue mainly consists of interest income and sundries
income during the period.
4. Taxation
No Hong Kong profits tax is provided for as the Group has not had any
assessable profits arising in Hong Kong (2003:Nil). No provision for
taxation has been made by the subsidiary operating in Macau as it has
no assessable profits for the period.(2003:Nil)
No provision for deferred taxation has been made for the Group for the
period as the effect of all timing difference is not material.
5. Earnings/(Loss) per share
(a) Basic
The calculation of basic earnings per share for the three
months ended 31 January 2004 is based on the profit attributable
to shareholders of approximately HK$1,823,000
(2003: loss - HK$2,339,000) and 2,450,000,000 ordinary shares in
issue during the period (2003:630,494,565 shares).
(b) Diluted
The calculation of diluted earnings per share for the three
months ended 31 January 2004 is based on the profit attributable
to shareholders of approximately HK$1,823,000 (2003: loss -
HK$2,339,000) and 2,450,000,000 (2003: 630,494,565) ordinary shares
in issue during the period plus 12,250,000 (2003: 3,500,000)
dilutive shares deemed to have been issued for no consideration
under the Pre-IPO Share Option Scheme based on the subscription
price per share at 50 per cent of the offer price (i.e. HK$0.044).
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