CTF Services Limited — Earnings Release 2004

Apr 28, 2005

Listed Company Information

Listed Company Information
CS CONSERVAT P<00351> - Results Announcement China Sciences Conservational Power Limited announced on 28/04/2005: (stock code: 00351 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2004 from 01/01/2003 to 31/12/2004 to 31/12/2003 Note ('000 ) ('000 ) Turnover : 338,140 91,996 Profit/(Loss) from Operations : (41,483) (35,243) Finance cost : (901) (1,577) Share of Profit/(Loss) of Associates : N/A (15,051) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (6,584) (58,859) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.011) (0.221) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (6,584) (58,859) Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A 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. Turnover from continuing operations and discontinued operation Turnover represents the amount received and receivable for goods sold to outside customers, less returns and allowances, service income and guaranteed return for the year, and is analysed as follows: 2004 2003 __________ _________ HK$'000 HK$'000 Continuing operations Sale of computers hardware and maintenance support services 336,864 91,264 Software design and development 1,276 732 Return from a power plant in the PRC (Note) - - Return from an investment in a motor spare parts business in the PRC (Note) - - __________ _________ 338,140 91,996 Discontinuing operation Internet software services - - __________ _________ 338,140 91,996 ========= ========= Note: No return has been recognized in the current and prior years as the recoverability of the guaranteed return considered by the directors to be uncertain. 2. Profit/(loss) from continuing operations and discontinued operation 2004 2003 __________ _________ HK$'000 HK$'000 Continuing operations Sale of computers hardware and maintenance support services (266) (1,338) Software design and development (11,656) (13,621) Return from a power plant in the PRC - - Return from an investment in a motor spare parts business in the PRC - - Unallocated corporate expenses (29,561) (20,263) __________ _________ (41,483) (35,222) Discontinuing operation Internet software services - (21) __________ _________ (41,483) (35,243) ========= ========= 3. Loss per share The calculation of basic loss per share for the year ended 31 December 2004 is based on net loss of the Group of approximately HK$6,584,000 (2003: HK$58,859,000) and on the weighted average of 628,052,674 ordinary shares (2003 (restated): 266,337,023 ordinary shares) in issue during the year. The weight average number of ordinary shares for the previous year has been adjusted for the share consolidation and share subdivision effected on 10 February 2004 and 31 May 2004 respectively. Diluted loss per share amounts for the years ended 31 December 2003 and 2004 have not been disclosed, as the potential ordinary shares outstanding during these years had an anti-dilutive effect on the basic loss per shares for these years.