abc Multiactive Limited — Earnings Release 2005

Jul 14, 2005

GEM

ABC MULTIACTIVE<08131> - Results Announcement (Q2, 2004/2005, Summary)

abc Multiactive Limited announced on 14/07/2005:
(stock code: 08131 )

Year end date :30/11/2005
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 01/12/2004   from 01/12/2003
                                     to 31/05/2005     to 31/05/2004
                                             $'000             $'000

Turnover : 10,469 10,622
Profit/(Loss) from Operations : (2,298) (379)
Finance cost : (535) (572)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (2,833) (951)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD (0.0176) HKD (0.0059)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (2,833) (951)
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
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 accounts have been prepared in accordance with
accounting principles generally accepted in Hong Kong and comply
with accounting standards issued by the Hong Kong Institute of
Certified Public Accountants ("HKICPA"). They are prepared under
the historical cost convention.

HKICPA has issued a number of new and revised Hong Kong Financial
Reporting Standards and Hong Kong Accounting Standards ("new HKFRSs")
which are effective for accounting periods beginning on or after
1st January 2005.

The Group has not early adopted these new HKFRSs in the financial
statements for the six months ended 31st May 2005. The Group
has already commenced an assessment of the impact of these new HKFRSs
but is not yet in a position to state whether these new HKFRSs would
have a significant impact on its results of operations and financial
position.

The unaudited consolidated results for the six months ended 31st May
2005 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 preparation used in the
preparation of the unaudited consolidated results for the six months
ended 31st May 2005 are consistent with those used in the Company's
annual financial statements for the year ended 30th November 2004.

1. Basic loss per share

The calculation of basis loss per share for the three and six months
ended 31st May 2005 was based on the unaudited net loss for the
period of approximately HK$ 2,238,000 and HK$ 2,833,000 respectively
(Three months and six months ended 31st May 2004: net loss of
HK$ 2,755,000 and HK$ 951,000 respectively), and the weighted
average of 160,590,967 ordinary shares of HK 0.10 each in issue
during the period.

Diluted loss per share has not been presented as there
was no dilutive potential ordinary share in existence
during the periods.