Hung Hing Printing Group Limited — Earnings Release 2005

Oct 27, 2005

Listed Company Information

Listed Company Information
ECYBERCHINA<00254> - Results Announcement eCyberChina Holdings Limited announced on 27/10/2005: (stock code: 00254 ) Year end date: 30/06/2005 Currency: HKD Auditors' Report: Qualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/07/2004 from 01/07/2003 to 30/06/2005 to 30/06/2004 Note ('000 ) ('000 ) Turnover : 4,953 6,445 Profit/(Loss) from Operations : 20,553 9,128 Finance cost : (9,020) (9,341) 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 : 11,533 (5,213) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.004 (0.002) -Diluted (in dollars) : 0.004 (0.002) Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 11,533 (5,213) 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. Potential impact arising from the recently issued accounting standards In 2004, the Hong Kong Institute of Certified Public Accountants issued a number of new or revised Hong Kong Accounting Standards and Hong Kong Financial Reporting Standards, ("HKFRSs") (herein collectively referred to as "new HKFRSs") which are effective for accounting periods beginning on or after 1 January 2005 except for HKFRS 3 "Business combinations". The Group has not early adopted these new HKFRSs in the financial statements for the year ended 30 June 2005. HKFRS 3 is applicable to business combinations for which the agreement date is on or after 1 January 2005. The Group has not entered into any business combination for which the agreement date is on or after 1 January 2005. Therefore, HKFRS 3 did not have any impact on the Group for the year ended 30 June 2005. The Group has commenced considering the potential impact of these new HKFRSs but is not yet in a position to determine whether these new HKFRSs would have a significant impact on how its results of operations and financial position are prepared and presented. These new HKFRSs may result in changes in the future as to how the results and financial position are prepared and presented. 2. Basis of consolidation The consolidated financial statements incorporate the financial statements of the Company and its subsidiaries made up to 30 June each year. All significant inter-company transactions and balances within the Group are eliminated on consolidation. 3. Result The Group's turnover was HK$4.95 million, representing a decrease of 23.2% as compared to the last year of HK$6.45 million. Profit attributable to shareholders was HK$11.5 million (2004: Loss of HK$5.2 million), the profit was recorded due to the revaluation increase of investment properties of HK$33,054,000 (2004: HK$16,000,000). 4. Earnings per share The calculation of the basic earnings per share is based on the consolidated profit attributable to shareholders of approximately HK$11, 533,000 (2004: loss of HK$5,213,000) and the weighted average number of 2,867,500,000 shares (2004: 2,867,500,000 shares) in issue during the year. 5. Dividend The Directors do not recommend the payment of dividend for the year ended 30 June 2005. (2004: Nil)