PERFECTECH INTL<00765> - Results Announcement
Perfectech International Holdings Limited announced on 13/09/2006:
(stock code: 00765 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
Note ('000 ) ('000 )
Turnover : 196,231 197,567
Profit/(Loss) from Operations : 4,643 (4,858)
Finance cost : (321) (429)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 3,740 (5,097)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : 0.0121 (0.0166)
-Diluted (in dollars) : N/A (0.0166)
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 3,740 (5,097)
Interim Dividend : 1 cent 0.5 cent
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : 05/10/2006 to 06/10/2006 bdi.
Payable Date : 12/10/2006
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. BASIS OF PREPARATION AND SUMMARY OF PRINCIPAL ACCOUNTING POLICIES
The unaudited condensed consolidated interim financial statements are
prepared in accordance with the applicable disclosure requirements of
Appendix 16 of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited ("Listing Rules") and with Hong Kong
Accounting Standard 34 (HKAS 34) Interim Financial Reporting, issued by
the Hong Kong Institute of Certified Public Accountants.
The condensed consolidated interim financial statements have been prepared
on the historical cost basis except for certain properties and financial
instruments, which are measured at fair values or revalued amounts, as
appropriate.
The accounting policies adopted are consistent with those followed in the
preparation of the Group's annual financial statements for the year ended
31st December, 2005 except as described below:
In the current period, the Group has applied, for the first time, a number
of new Hong Kong Financial Reporting Standards (HKFRSs), Hong Kong
Accounting Standards (HKASs) and Interpretations (hereinafter collectively
referred to as "new HKFRSs") issued by the Hong Kong Institute of
Certified Public Accountants that are effective for accounting periods
beginning on or after 1 January 2006 as follows:
HKAS 19 (Amendment) Actuarial gains and losses, group plans and
disclosures
HKAS 21 (Amendment) Net investment in a foreign operation
HKAS 39 (Amendment) Cash flow hedge accounting of forecast
intragroup transactions
HKAS 39 (Amendment) The fair value option
HKAS 39 & HKFRS 4 Financial guarantee contracts
(Amendments)
HKFRS 6 Exploration for and evaluation of mineral
resources
HKFRS 7 Financial instruments: Disclosures
HK(IFRIC) - INT 4 Determining whether an arrangement contains a
lease
HK(IFRIC) - INT 5 Rights to interests arising from
decommissioning, restoration
and environment rehabilitation funds
HK(IFRIC) - INT 6 Liabilities arising from participating in a
specific market - waste electrical and
electronic equipment
The application of these new HKFRSs has had no significant impact on the
Group's result and financial position.
2. EARNINGS (LOSS) PER SHARE
The calculation of the basic and diluted earnings (loss) per share is
based on profit attributable to equity shareholders for the period of
approximately HK$3,740,000 (2005 : loss of HK$5,097,000) and the following
data:
(Unaudited)
For the six months
ended 30th June,
2006 2005
Weighted average number of ordinary shares for the
purposes of basic earnings per share
308,570,590 306,621,497
Effect of dilutive potential ordinary shares on
share options - 1,072,381
_____________ _______________
Weighted average number of ordinary shares for the
purposes of diluted earnings per share
308,570,590 307,693,878
============= ===============
No diluted earnings per share has been presented because the exercise
prices of the Company's options were higher than the average market prices
of the shares for the six months ended 30th June, 2006.
|