G-Resources Group Limited — Earnings Release 2003

Mar 27, 2003

Listed Company Information

DNA SECURITY<01051> - Results Announcement Credit Card DNA Security System (Holdings) Limited announced on 27/03/2003: (stock code: 01051 ) Year end date: 30/6/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/07/2002 from 01/07/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 7,215 16,909 Profit/(Loss) from Operations : (19,152) (28,845) Finance cost : (145) (1,687) 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 : (34,527) (29,310) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0067) (0.0599) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (34,527) (29,310) Interim Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Interim 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) An analysis of turnover and profit/(loss) from continuing operations and discontinued operations Continuing Discontinued operations operations HK$'000 HK$'000 Turnover 7,085 130 Profit / (Loss) (34,492) (35) (2) Loss Per Share The calculation of the basic loss per share is based on the net loss for the period of HK$34,527,000 (six months ended 31st December, 2001: HK$29,310,000) and on the weighted average number of 5,132,616,774 (six months ended 31st December, 2001: weighted average number of 489,123,152) shares in issue. The computation of diluted loss per share for the six months ended 31st December, 2002 and 31st December, 2001 has not assumed the exercise of the share options and the conversion of convertible notes as their exercise and conversion would result in a decrease in the loss per share for both periods. (3) Impairment Losses Recognised In Respect Of Goodwill In view of recurring operationg loss and current market situation of the business engaged in trading of electronic products, the Group has recognised impairment losses in respect of goodwill relating to thant business. Accordingly, the whole amount of HK$11,000,000 has been recognised in the consolidated income statement as an impairment loss for the period. (4) Loss From Operation Last year, reclassify of loss from operation from HK$28,264 to HK$28,845.