SuperRobotics Limited — Earnings Release 2003

Sep 26, 2003

GEM

BLU SPA<08176> - Results Announcement (Final, 2002/2003, Summary)

Blu Spa Holdings Limited announced on 25/9/2003:
(stock code: 08176 )

Year end date :30/06/2003
Currency :HKD
Auditors' report :Unqualified
Review of Quarterly Report by :N/A

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com

                                         (Audited)         (Audited)
                                          Current Last Corresponding
                                            Period            Period
                                   from 01/07/2002   from 01/07/2001
                                     to 30/06/2003     to 30/06/2002
                                             $'000             $'000

Turnover : 1,818 2,856
Profit/(Loss) from Operations : (8,878) (10,816)
Finance cost : (4) (39)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (8,882) (10,855)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.02) (HKD 0.03)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (8,882) (10,855)
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A

                                   For and on behalf of
                                   Blu Spa Holdings Limited
                        Signature :
                             Name :Man Tuen Tuen
                            Title :Company Secretary

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading. The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard
to the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

Remarks:

1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The Company was incorporated in the Cayman Islands on 30 August, 2001
as an exempted company with limited liability under the Companies Law
Cap.22 (Law 3 of 1961, as consolidated and revised) of the Cayman
Islands.

In preparing the financial statement, the Directors have given careful
consideration to the future liquidity of the Group. The Directors are
currently actively seeking new external funding to improve the
liquidity position of the Group. However, certain shareholders have
confirmed that in view of the current liquidity difficulties
experienced by the Group, it is their intention to provide the Group
with sufficient financial support to enable the Group to meet in full
its financial obligations as they fall due for the foreseeable future.
Accordingly, the financial statements have been prepared on a going
concern basis.

1. ADOPTION OF STATEMENT OF STANDARD ACCOUNTING PRACTICE

In the current year, the Group has adopted, for the first time, a number
of new and revised Statements of Standard Accounting Practice
issued by the Hong Kong Society of Accountants, which
has resulted in the adoption of the following new and revised accounting
policies. The adoption of these Standards has resulted in a change in the
format of presentation of the cash flow statement and the statement of
changes in equity, but has had no material effect on the results for the current
or prior accounting year. Accordingly, no prior period
adjustment has been required.

1. PRINCIPAL ACCOUNTING POLICIES

The principal accounting policies adopted in preparing the audited
consolidated income statement consistent with the accounting policies
used in the 2002 annual report.

1. TURNOVER

Turnover represents the net amounts received and receivable for goods
sold, less returns and allowances, by the Group to outside customers.

1. TAXATION

No provision for Hong Kong Profits Tax has been made as the Group had
no assessable profits subject to Hong Kong Profits Tax
for the year.

No provision for overseas taxation has been made as the subsidiaries of the
Group operating in their respective jurisdictions had
no assessable profits for the year.

1. DIVIDEND

No dividend was paid or proposed for the year ended 30 June 2003, nor
has any dividend been proposed since the balance
sheet date (2002: Nil).

1. LOSS PER SHARE

The calculation of the basic loss per share for the year ended 30 June 2003
is based on the loss for the year of approximately HK$8,882,000 (2002:
HK$10,855,000) and on the weighted average of 463,378,631 (2002:
364,112,493) in issue during the year.

No diluted loss per share was presented as the exercise of the Company's
share options would result in a decrease in loss per share.