IIN INT'L<08128> - Results Announcement (Q3, 2002/2003, Summary)
IIN International Limited announced on 12/08/2003:
(stock code: 08128 )
Year end date :30/09/2003
Currency :HKD
Auditors' report :N/A
Review of 3rd Quarterly Report 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 01/10/2002 from 01/10/2001
to 30/06/2003 to 30/06/2002
$'000 $'000
Turnover : 126,068 57,673
Profit/(Loss) from Operations : (12,594) (7,060)
Finance cost : (2,992) (3,184)
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 : (15,396) (7,720)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0108) (HKD 0.006)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (15,396) (7,720)
3rd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd Quarterly 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
IIN International Limited
Signature :
Name :Chang Ye Min,William
Title :President & CEO
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 unaudited results have been prepared in accordance with the
Hong Kong Statements of Standard Accounting Practice issued by
Hong Kong Society of Accountants.
2. Turnover
Turnover represents the net invoiced value of goods sold, after
allowances for returns, trade discounts and business tax where
applicable, and services rendered.
An analysis of the Groupˇ¦s turnover is as follows:
For the nine months
ended 30 June
2003 2002
HK$ˇ¦000 HK$ˇ¦000
(Unaudited) (Unaudited)
Network infrastructure solutions 65,715 33,368
Network management solutions 22,727 18,994
Other network solutions for
sectors other than telecommunications 13,999 5,311
Transmission 23,627 ˇV
------- -------
126,068 57,673
======= =======
3. Loss from operating activities
The Groupˇ¦s loss from operating activities is arrived at after
charging:
For the nine months
ended 30 June
2003 2002
HK$ˇ¦000 HK$ˇ¦000
(Unaudited) (Unaudited)
Staff costs (including directorsˇ¦
emoluments) 10,849 13,495
Depreciation 3,349 2,655
Amortisation of deferred development costs 1,032 1,028
Amortisation of goodwill 1,773 -
Minimum lease payments under
operating leases in respect
of land and buildings 2,854 2,040
Provision for doubtful debts 723 2,610
4. Loss per share
The calculation of basic loss per share for the nine months
ended 30 June 2003 is based on the unaudited consolidated
net loss from ordinary activities attributable to shareholders
of HK$15,396,000 (nine months ended 30 June 2002: HK$7,720,000)
and the weighted average of 1,429,954,273 shares
(2002: 1,290,832,119 shares) in issue during the period.
The diluted loss per share for the nine months ended 30 June
2003 and 2002 are not presented as the potential ordinary shares
outstanding had an anti-dilutive effect on the basic loss per
share for the nine months ended 30 June 2003 and 2002.
5. Dividend
The Board does not recommend payment of any dividend for
the nine months ended 30 June 2003 (2002: Nil)
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