IIN INT'L<08128> - Results Announcement (Q1, 2004/2005, Summary)
IIN International Limited announced on 14/2/2005:
(stock code: 08128 )
Year end date :30/09/2005
Currency :HKD
Auditors' report :N/A
1st 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 01/10/2004 from 01/10/2003
to 31/12/2004 to 31/12/2003
$'000 $'000
Turnover : 32,422 43,679
Profit/(Loss) from Operations : (4,548) (1,018)
Finance cost : (360) (596)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (4,827) (1,660)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0031) (HKD 0.0012)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (4,827) (1,660)
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
IIN International Limited
Signature :
Name : Wu Shu Min
Title : Chairman
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading.The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard to
the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.
Remarks:
1. Turnover
Turnover represents the net invoiced value of goods sold, after
allowances for returns, trade discounts and business tax where
applicable, and services rendered.
An analysis of the Group・s turnover is as follows:
For the three months
ended 31 December
2004 2003
HK$・000 HK$・000
(unaudited) (unaudited)
Network infrastructure solutions 27,517 20,226
Network management solutions 589 2,647
Other network solutions for
sectors other than telecommunications - 8,126
Transmission 4,316 12,680
------- -------
32,422 43,679
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2. Loss from operating activities
The Group・s loss from operating activities is arrived at after
charging:
For the three months
ended 31 December
2004 2003
HK$・000 HK$・000
(unaudited) (unaudited)
Staff costs (including directors' emoluments) 2,483 2,983
Depreciation 924 889
Amortisation of deferred development cost 172 344
Amortisation of goodwill 1,352 859
Minimum lease payments under
operating leases in respect
of land and buildings 433 257
Provision for bad and doubtful debts 495 -
3. Loss per share
The calculation of basic loss per share is based on the unaudited
net loss from ordinary activities attributable to shareholders
for the period of HK$4,827,000 (2003: HK$1,660,000) and the
weighted average of 1,543,160,470 (2003: 1,436,517,350) ordinary
shares in issue during the period.
Diluted loss per share amounts for the periods ended 31 December
2004 and 2003 have not been disclosed as the potential ordinary
shares outstanding had an anti-dilutive effect on the basic
loss per share for these periods.
4. Dividend
The Company resolved not to declare a quarter dividend in respect
of the period (2003:Nil).
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