GoFintech Quantum Innovation Limited — Earnings Release 2002

Jun 27, 2002

Listed Company Information

PAC CHALLENGE<00166> - Results Announcement (Summary) Pacific Challenge Holdings Limited announced on 27/6/2002: (stock code: 166) Year end date: 31/3/2002 Currency: HK$ Auditors' Report: Modified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/4/2001 from 1/4/2000 to 31/3/2002 to 31/3/2001 ('000) ('000) Turnover : 44,990 48,478 Profit/(Loss) from Operations : (38,590) 10,487 Finance cost : - (1,494) Share of Profit/(Loss) of Associates : (222) - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (39,884) 10,805 % Change over Last Period : N/A EPS/(LPS)-Basic : (14 cents) 4 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (39,884) 10,805 Final Dividend per Share : Nil 1.5 cents (Specify if with other options) : - - B/C Dates for Final Dividend : N/A N/A Payable Date : N/A B/C Dates for Annual General Meeting : To be advised Other Distribution for Current Period : - B/C Dates for Other Distribution : N/A Remarks: (1) TURNOVER AND SEGMENTAL INFORMATION Turnover and (loss)/profit from continuing/discontinued operations: 2 0 0 2 -------------------------------------------------------------------------- Continuing operations ----------------------------------------- Manufacturing and trading of Corporate precision Securities finance and components investment investment processing and financial advisory Discontinued equipment services services operations Eliminations Total $'000 $'000 $'000 $'000 $'000 $'000 Turnover -------- External 30,937 7,101 6,952 - - 44,990 Inter-segment 762 - 4,280 - (5,042) - -------------------------------------------------------------------------- Total turnover 31,699 7,101 11,232 - (5,042) 44,990 ========================================================================== Operating results ----------------- Segment result 269 (9,656) 833 - (8,554) =============================================== Other revenue 4,337 Impairment loss on investments (10,494) Provision for legal and professional fees (18,079) Loss on investment in marketable securities (5,800) -------- Loss from operations (38,590) ======== 2 0 0 1 -------------------------------------------------------------------------- Continuing operations ----------------------------------------- Manufacturing and trading of Corporate precision Securities finance and components investment investment processing and financial advisory Discontinued equipment services services operations Eliminations Total $'000 $'000 $'000 $'000 $'000 $'000 Turnover -------- External - 12,027 14,065 22,386 - 48,478 Inter-segment - 9,323 984 - (10,307) - -------------------------------------------------------------------------- Total turnover - 21,350 15,049 22,386 (10,307) 48,478 ========================================================================= Operating results ----------------- Segment result - 205 3,169 8,907 12,281 =============================================== Other revenue 2,233 Loss on investment in marketable securities (4,027) -------- Profit from operations 10,487 ======= 2. (LOSS) EARNINGS PER SHARE The calculation of (loss) earnings per share was based on the consolidated loss attributable to shareholders for the year of approximately $39,884,000 (2001 - profit attributable to shareholders $10,805,000) and on the weighted average number of approximately 286,480,000 (2001 - 266,788,000) shares in issue during the year. Diluted (loss) earnings per share was not presented as there were no share options, warrants or any other convertible instruments outstanding during the year which would result in dilution. 3. COMPARATIVE FIGURES Certain prior year comparative figures have been reclassified to conform to the current year's presentation.