TAI SHING<08103> - Results Announcement (Q2, 2006/2007, Summary)
Tai Shing International (Holdings) Limited announced on 10/11/2006:
(stock code: 08103 )
Year end date :31/03/2007
Currency :HKD
Auditors' report :N/A
2nd Quarterly 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 01/04/2006 from 01/04/2005
to 30/09/2006 to 30/09/2005
$'000 $'000
Turnover : 36,554 30,100
Profit/(Loss) from Operations : 5,823 545
Finance cost : 0 (36)
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 : 5,620 2,734
% Change Over the Last Period : +105.56%
EPS / (LPS)
Basic (in dollar) : HKD 0.062 HKD 0.025
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 5,620 2,734
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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
Tai Shing International (Holdings) Limited
Signature :
Name : Ho Cho Hang
Title : Director
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.
Remarks:
1. TURNOVER
The principal activities of the Group are the provision of systems
development, sales of software and hardware products, provision of
professional services and provision of training services. Turnover
represents income arising from the provision of systems development
and consultancy services, provision of IT engineering and technical
support services, provision of training courses and the sales of
software and hardware products.
An analysis of the turnover by principal activities of the operations
of the Group during the reporting periods is as follows:
UNAUDITED
Three months ended Six months ended
30 September 30 September
2006 2005 2006 2005
HK$'000 HK$'000 HK$'000 HK$'000
Continuing operations
Systems development 21,192 10,600 35,464 29,650
Professional services
fees 1,090 169 1,090 450
22,282 10,769 36,554 30,100
Discontinuing operations
Training fees - 56 - 118
- 56 - 118
2. Profit from operations
Profit from operations is stated after charging / (crediting):
UNAUDITED
Three months ended Six months ended
30 September 30 September
2006 2005 2006 2005
HK$'000 HK$'000 HK$'000 HK$'000
Auditors' remuneration 170 100 340 100
Depreciation 632 887 923 902
Finance costs - bank
interests - (18) - 27
Operating leases 1,054 1,163 1,163 1,207
Staff costs 3,251 3,163 6,843 6,974
Net exchange loss - 30 - 30
3. Earnings per share
The calculation of basic earnings per share for the three months and
six months ended 30 September 2006 were based on the profit
attributable to the shareholders of approximately of HK$3,625,000 and
HK$5,620,000 (2005: earnings of HK$1,946,000 and HK$1,843,000) divided
by the weighted average number of 90,995,000 shares for the three
months and six months ended (2005: 75,105,000 shares) in issue during
the period.
There were no potential dilutive ordinary shares in issue during the
three months and six months ended 30 September 2006 and 2005.
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