IIN INT'L<08128> - Results Announcement (Q2, 2004/2005, Summary)
IIN International Limited announced on 11/05/2005:
(stock code: 08128 )
Year end date :30/09/2005
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 01/10/2004 from 01/10/2003
to 31/03/2005 to 31/03/2004
$'000 $'000
Turnover : 45,649 63,619
Profit/(Loss) from Operations : (9,228) (7,485)
Finance cost : (827) (1,060)
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 : (10,854) (7,984)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.007) (HKD 0.0056)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (10,854) (7,984)
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
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. Basis of Preparation
In 2004, the Hong Kong Institute of Certified Public Accountants issued
a number of new or revised Hong Kong Accounting Standards and Hong Kong
Financial Reporting Standards ("HKFRSs")(hereinafter collectively
referred to as "new HKFRSs") which are effective for accounting periods
beginning or after 1st January 2005. The Group has not early adopted
these new HKFRSs in the financial statements for the period ended 31st
March 2005 .
The Group has commenced considering the potential impact of these new
HKFRSs but is not yet in a position to determine whether these new
HKFRSs would have a significant impact on how its results of operations
and financial position are prepared and presented. These new HKFRSs
may result in changes in the future as to how the results and financial
position are prepared and presented.
The unaudited results have been reviewed by the audit committee
of the Company.
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 Group・s turnover is as follows:
For the six months
ended 31 March
2005 2004
HK$・000 HK$・000
(unaudited) (unaudited)
Network infrastructure solutions 27,806 28,636
Network management solutions 905 2,647
Other network solutions for
sectors other than telecommunications 1,261 12,027
Transmission 15,677 20,309
------- -------
45,649 63,619
======= =======
3. Loss from operating activities
The Group・s loss from operating activities is arrived at after
charging:
For the six months
ended 31 March
2005 2004
HK$・000 HK$・000
(unaudited) (unaudited)
Staff costs (including directors' emoluments) 5,070 6,031
Depreciation 3,267 2,400
Amortisation of deferred development cost 344 614
Amortisation of goodwill 2,690 1,720
Minimum lease payments under
operating leases in respect
of land and buildings 926 537
Provision for bed and doubtful debts 495 404
4. Loss per share
The calculation of basic loss per share for the three months and
six months ended 31 March 2005 is based on the respective unaudited
consolidated net loss from ordinary activities attributable to
shareholders of approximately HK$6,027,000 and HK$10,854,000
(three months ended 31 March 2004: approximately HK$6,324,000 and
six months ended 31 March 2004: approximately HK&7,984,000) and
the weighted average number of 1,543,160,470 shares and
1,543,160,470 shares respectively (2004: 1,436,517,350 and
1,436,517,350 respectively) in issue during the period.
The diluted loss per share for the three months and six months
ended 31 March 2004 and 2005 are not presented as the potential
ordinary shares outstanding had an anti-dilutive effect
on the basic loss per share for the three months and six months
ended 31 March 2004 and 2005.
5. Dividend
The Directors do not recommend payment of an interim dividend
for the period (2004: Nil)
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