GoFintech Quantum Innovation Limited — Earnings Release 2001

Jul 11, 2001

Listed Company Information

PAC CHALLENGE<0166> - Results Announcement (Summary) Pacific Challenge Holdings Limited announced on 10/7/2001: (stock code: 166) The auditors' report on the financial statements which contain the following result is modified by the Company's auditors. For more details, please refer to the press announcement issued by the Company on 11/7/2001. Year end date: 31/3/2001 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/4/2000 from 1/4/1999 to 31/3/2001 to 31/3/2000 ('000) ('000) Turnover : 48,478 132,606 Profit/(Loss) from Operations : 10,487 43,972 Finance cost : (1,494) (2,388) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 10,805 35,524 % Change over Last Period : -69.6% EPS/(LPS)-Basic : 4 cents 15 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 10,805 35,524 Final Dividend per Share : 1.5 cents Nil (Specify if with other options) : - - B/C Dates for Final Dividend : 24/9/2001 to 27/9/2001 bdi. Payable Date : 26/10/2001 B/C Dates for Annual General Meeting : 24/9/2001 to 27/9/2001 bdi. Other Distribution for Current Period : Nil B/C Dates for Other Distribution : N/A Remarks: 1. Turnover and profits from operations from continuing and discontinued operations Turnover Profits before taxation 2001 2000 2001 2000 $'000 $'000 $'000 $'000 Continuing operations Corporate finance advisory and other related fees 14,065 20,355 3,169 10,904 Interest income from bank deposits, corporate finance operations and others 12,027 5,422 205 3,961 ------------------------------------------------------- 26,092 25,777 3,374 14,865 ------------------------------------------------------- Discontinued operations Stock brokerage income 18,351 94,697 6,040 19,364 Future brokerage income 389 1,122 (17) 291 Margin financing handling fees, margin financing operations and others 3,646 6,339 2,884 4,754 Loan arranging and debt financing - 4,671 - 4,671 ------------------------------------------------------- 22,386 106,829 8,907 29,080 ------------------------------------------------------- 48,478 132,606 12,281 43,945 ======================== Unrealised loss on revaluation of other investments, net (4,027) - Gain of disposal of other investments 923 27 Rental income 1,310 - ------------------------ 10,487 43,972 ======================== 2. Profits after taxation Profits after taxation are arrived after crediting gain on disposal of subsidiary companies which represents the difference between the proceeds from sale of the subsidiary companies and the net carrying amounts of the assets and liabilities of those subsidiary companies at 29 June, 2000, the date of disposal of those subsidiary companies. 3. Earnings per shares The calculation of earnings per share was based on the profit attributable to shareholders of HK$10,850,000 (2000: HK$35,524,000) and the weighted average of 266,788,000 (2000: 238,880,000) ordinary shares in issue during the year. A fully diluted earnings per share is not shown, as there are no share options, warrants or any other convertible instruments, which could cause dilution. 4. Comparative figures Certain prior year comparative figures have been reclassified to conform to the current year's presentation. For more details, please refer to the press announcement today.