Comtec Solar Systems Group Limited — Interim / Quarterly Report 2002

Dec 20, 2001

Listed Company Information

SUN EAST TECH<00365> - Results Announcement (Summary) Sun East Technology (Holdings) Limited announced on 20/12/2001: (stock code: 365) Year end date: 31/3/2002 Currency: HKD (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/4/2001 from 1/4/2000 to 30/9/2001 to 30/9/2000 ('000) ('000) Turnover : 218,645 260,424 Profit/(Loss) from Operations : 29,860 44,331 Finance cost : (348) (877) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 25,679 36,588 % Change over Last Period : -29.8% EPS/(LPS)-Basic : 8.23 cents 15.64 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 25,679 36,588 Interim Dividend per Share : NIL 1 cent (Specify if with other options) : - - B/C Dates for Interim Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: 1. All profits were from continuing operations. 2. The Company was listed on 16 October, 2000. The consolidated interim financial statements have been prepared in accordance with Statement of Standard Accounting Practice No.25 "Interim financial reporting" issued by the Hong Kong Society of Accountants. The accounting policies and methods of computation used in the preparation of the interim financial statements are consistent with those used in the Group's annual financial statements for the year ended 31 March, 2001. 3. The calculations of Earnings per Share are based on the net profit from ordinary activities attributable to shareholders for the period of approximately HK$25,679,000 (2000: HK$36,588,000), and the issued share capital of 312,000,000 shares (2000: 234,000,000 shares). The comparative number of shares used to calculate the 2000 earnings per share represents the pro forma issued share capital of the Company comprising 1,000,000 shares issued nil-paid on incorporation of the Company, 1,000,000 shares issued for the acquisition of the entire issued share capital of i-System Investment Company Limited and the capitalization issue of 232,000,000 shares. Diluted Earnings per Share has not been calculated as no diluting event existed during the period. 4. In accordance with the SSAP 9 (Revised) "Events after the balance sheet date", the Group no longer recognizes dividends proposed or declared after the balance sheet date as a liability at the balance sheet date. Instead, they are included in the balance sheet as a separate part of share capital. This change in accounting policy has been applied retrospectively so that prior year adjustments shall be made.