abc Multiactive Limited — Earnings Release 2004

Oct 10, 2003

GEM

ABC MULTIACTIVE<08131> - Results Announcement (Q3, 2002/2003, Summary)

abc Multiactive Limited announced on 10/10/2003:
(stock code: 08131 )

Year end date :30/11/2003
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 01/12/2002   from 01/12/2001
                                     to 31/08/2003     to 31/08/2002
                                             $'000             $'000

Turnover : 17,765 20,690
Profit/(Loss) from Operations : 3,758 (16,412)
Finance cost : (527) (505)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : 3,231 (16,917)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD 0.002 (HKD 0.0105)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : 3,231 (16,917)
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
                                   abc Multiactive Limited
                        Signature :
                             Name :Cheung, Siu Leong
                            Title :Company Secretary

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 presentation

The unaudited consolidated quarterly financial statements
of the Group have been prepared in accordance with the Statement of
Standard Accounting Practice ("SSAP") 25 "Quarterly financial
reporting" issued by the Hong Kong Society of Accountants ("HKSA")
and the applicable disclosure requirements of the Rules Governing
the Listing of Securities on the Growth Enterprise Market of The
Stock Exchange of Hong Kong Limited.

The unaudited consolidated quarterly financial statements should be
read in conjunction with the Company's annual financial statements
for the year ended 30th November 2002.

The unaudited consolidated quarterly financial statements have not
been audited by the Company's auditors, but have been reviewed by
the Company's audit committee.

The accounting policies and basis of presentation used in the
preparation of the unaudited consolidated quarterly financial
statements are consistent with those used in the Company's annual
financial statements for the year ended 30th November 2002, except
for the Group's adoption of the following new and revised SSAPs
issued by HKSA which are effective for accounting periods commencing
on or after 1st January 2002:

SSAP 11 (revised): Foreign currency translation
SSAP 34: Employee benefits

The changes to the Group's accounting policies and the effect of
adopting these new policies are set out below:

a. SSAP 11 (revised) "Foreign currency translation" prescribes
the basis for translation of foreign currency transactions
and financial statements. The adoption of this SSAP has
resulted in no change to the previously adopted accounting
policy for foreign currency translation.

b. SSAP 34 "Employee benefits" prescribes the recognition and
measurement criteria to apply to employee benefits together
with the required disclosures in respect thereof. The
adoption of this SSAP has resulted in no material change to
the previously adopted accounting treatments for employee
benefits.

1. Basic earnings/(loss) per share

The calculation of basic earnings per share for the three months
and nine months ended 31st August 2003 is based on the net profit of
approximately HK$471,000 and HK$3,231,000 (Three months and nine
months ended 31st August 2002: net loss of HK$5,881,000 and
HK$16,917,000), respectively, and the weighted average of
1,605,909,668 (Three months and nine months ended 31st August 2002:
1,605,909,668) ordinary shares in issue during the periods.