TRADEEASY<08163> - Results Announcement (Q3, 2002/2003, Summary)
TRADEEASY HOLDINGS LIMITED announced on 12/02/2003:
(stock code: 08163)
Year end date :31/03/2003
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 01/04/2002 from 01/04/2001
to 31/12/2002 to 31/12/2001
$'000 $'000
Turnover : 26,573 42,654
Profit/(Loss) from Operations : (6,394) 9,304
Finance cost : (151) (260)
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 : (6,545) 9,044
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0164) HKD 0.0258
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (6,545) 9,044
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
For and on behalf of
TRADEEASY HOLDINGS LIMITED
Signature :
Name : YIP KWOK CHEUNG
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. Group reorganisation and basis of presentation
The Company was incorporated as an exempted company with limited
liability in the Cayman Islands on 20 September 2001 under the
Companies Law (Revised) of the Cayman Islands. In the preparation
of the listing of the Company's shares on GEM, a group
reorganisation ("Group Reorganisation") was effected whereby the
Company became the holding company of the Group on 20 February 2002.
The shares of the Company were listed on GEM on 7 March 2002. The
details of the Group Reorganisation and the listing of the Company's
shares on GEM were set out in the prospectus dated 26 February 2002
(the "Prospectus").
The results of the Group have been prepared on a merger basis as if
the current group structure had been in existence throughout the
periods under review or since the respective dates of incorporation
or establishment of respective companies now comprising the Group,
whichever is the shorter period.
The same accounting policies adopted in the 2001/2002 annual
accounts have been applied to this 3rd Quarterly report.
All financial information relation to the period from 1 April 2002
to 31 December 2002 has not been audited.
2. (Loss)/earnings per share
The calculation of basic (loss)/earnings per share for the nine
months ended 31 December 2002 is based on the net loss from
ordinary activities attributable to shareholders of HK$6.5 million
(2001:net profit of approximately HK$9.0 million) and the weighted
average of approximately 400,000,000 shares (2001:approximately
350,000,000 shares) deemed to have been in issue during those
periods.
Diluted (loss)/earnings per share for the nine months periods ended
31 December 2002 and 2001 are not disclosed as no diluting events
occurred during those periods.
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