GoFintech Quantum Innovation Limited — Earnings Release 2003

Jul 25, 2003

Listed Company Information

NEW TIMES GROUP<00166> - Results Announcement New Times Group Holdings Limited announced on 25/7/2003: (stock code: 00166 ) Year end date: 31/3/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/4/2002 from 1/4/2001 to 31/3/2003 to 31/3/2002 Note ('000 ) ('000 ) Turnover : 36,417 36,102 Profit/(Loss) from Operations : (76,580) (38,590) Finance cost : (112) N/A 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 : (76,080) (39,884) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.25) (0.13) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (76,080) (39,884) 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 and profits from operations from continuing and discontinued operations Continuing operations ------------------------------------------------------------------ Trading of Securities Corporate finance precision components investment and and investment processing equipment financial services advisory services 2003 2002 2003 2002 2003 2002 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 Segment revenue: Sales and services to external customers 5,429 17,391 - - 2,190 5,208 Intersegment sales - - - - 1,680 4,280 Interest income 16 - 788 7,101 331 1,744 --------------------------------------------------------------- Total 5,445 17,391 788 7,101 4,201 11,232 ====== ======= ===== ======= ====== ======= Segment results (11,338)1,919 (345) 217 3,464 833 ======= ====== ===== ===== ===== ===== Discontinuing operations ------------------------------ Manufacture and distribution of precision components processing equipment Eliminations Consolidated 2003 2002 2003 2002 2003 2002 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 28,798 13,503 - - 36,417 36,102 200 762 (1,880) (5,042) - - 15 43 - - 1,150 8,888 --------------------------------------------------------------- 29,013 14,308 (1,880) (5,042) 37,567 44,990 ====== ======= ====== ======= ====== ======== (7,330) (1,650) (1,880) (5,042) (17,429) (3,723) ======= ====== ====== ======== Unallocated revenue 963 2,224 Unallocated expenses (60,114) (37,091) ------- -------- Loss from operating activities (76,580) (38,590) Finance costs (112) - Share of loss of a jointly-controlled entity - (222) Impairment of interest in an associate - (1,014) -------- -------- Loss before tax (76,692) (39,826) Tax 612 (140) -------- --------- Loss before minority interests (76,080) (39,966) Minority interests - 82 --------- ---------- Net loss from ordinary activities attributable to shareholders (76,080) (39,884) ======== ======== 2. Loss per shares The calculation of basic loss per share is based on the net loss attributable to shareholders for the year of HK$76,080,000 (2002: HK$39,884,000) and the weighted average of 306,833,231 (2002: 304,558,835) ordinary shares in issue during the year. Diluted loss per share for the years ended 31 March 2003 and 2002 have not been shown because the share options outstanding during the years had an anti-dilutive effect on the basic loss per share for the years. 3. Comparative figures Certain prior year comparative figures have been reclassified to conform to the current year's presentation.