SuperRobotics Limited — Earnings Release 2005

Nov 15, 2005

GEM

BLU SPA<08176> - Results Announcement (Q1, 2005/2006, Summary)

Blu Spa Holdings Limited announced on 14/11/2005:
(stock code: 08176 )

Year end date :30/06/2006
Currency :HKD
Auditors' report :N/A
1st Quarterly Report Reviewed by :Audit Committee

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

                                       (Unaudited)     (Unaudited)
                                          Current Last Corresponding
                                           Period            Period
                                   from 01/07/2005   from 01/07/2004
                                     to 30/09/2005     to 30/09/2004
                                             $'000             $'000

Turnover : 46 658
Profit/(Loss) from Operations : (624) (971)
Finance cost : (91) (45)
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 : (716) (1,016)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0012) (HKD 0.0017)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (716) (1,016)
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter 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
(bdi: both days inclusive)

For and on behalf of
Blu Spa Holdings Limited

Signature :
Name : Hui Wing Lok
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 quarterly results has been prepared in accordance with the
disclosure requirements of Chapter 18 of the Rules Governing
the Listing of Securities on the Growth Enterprise Market
of the Stock Exchange of Hong Kong Limited.

The Group incurred a loss attributable to the shareholders of
approximately HK$716,000 for the three months ended 30 September
2005. In addition, the Group had net liabilities of approximately
HK$1,090,000 as at 30 September 2005. Notwithstanding this, the
financial statements have been prepared on the assumption that the
Group will continue to operate as a going concern. In the opinion of
the Directors, the Group will have sufficient working capital to
continue its operations in the coming year, after taking into
consideration of the following:
- The Group is in the process of identifying/negotiating with potential
investors for new equity to be introduced to the Group.
- The Group has been taking ongoing action to tighten cost controls
over various general and administrative expenses.
In the opinion of the Directors, in light of the measures taken to
date and on the basis of the above-mentioned assumptions, the Group
will have sufficient working capital to finance its operation to
maintain its operating existence in the foreseeable future.
Accordingly, the Directors are satisfied that it is appropriate
to prepare the accounts on a going concern basis.

Should the Group be unable to continue as a going concern,
adjustments would have to be made in the accounts to reduce
the values of the assets to their recoverable amounts, to
provide for any further liabilities which might arise and to
reclassify non-current assets and liabilities as current assets
and liabilities respectively. The consequential effects of these
potential adjustments may have significant effect on the loss of
the Group for the three months ended 30 September 2005 and the net
liabilities of the Company and the Group as at 30 September 2005.

1. PRINCIPAL ACCOUNTING POLICIES AND STANDARD ACCOUNTING PRACTICE

The unaudited consolidated financial statements have been prepared
on the historical cost basis.

The financial statements have been prepared in accordance with
accounting standards issued by the Hong Kong Institute of Certified
Public Accountants ( the ��HKICPA��), accounting principles generally
accepted in Hong Kong and the disclosure requirements of the Hong
Kong Companies Ordinance.

The accounting policies used in the unaudited consolidated financial
statements are consistent with those followed in the preparation of the
Group��s annual financial statements for the year ended 30 June 2005.

In the current period, the Group has applied, for the first time,
a number of new Hong Kong Financial Reporting Standards (HKFRSs),
Hong Kong Accounting Standards (HKASs) and Interpretations (hereinafter
collectively referred to as ��New HKFRSs��) issued by the HKICPA that are
effective for accounting periods beginning on or after 1 January 2005.
The adoption of the New HKFRSs has had no material effect on how
the results for the current or prior accounting periods are prepared
and presented. Accordingly, no prior period adjustment has been
required.

1. TURNOVER

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

1. TAXATION Three months ended Three months ended
   30 September 30 September
   2005 2004
   (Unaudited) (Unaudited)
   HK$'000 HK$'000
   The charge (credit) comprises:
   Company and subsidiaries
   Current period profits tax - PRC 1 -
   Deferred tax
   Credit of current period - -
   Taxation attributable to the Group 1 -
   Tax arising in other jurisdictions of the PRC are calculated at rates
   of tax prevailing in the PRC.
   No provision for Hong Kong Profits Tax has been made for
   the three months ended 30 September 2005 and
   the corresponding period in 2004, as the Group had no assessable
   profits for the respective period.

2. DIVIDENDS

No dividend was paid or proposed for the period ended
30 September 2005, nor has any dividend been proposed
since this period ended date (2004: HK$ nil).

1. BASIC LOSS PER SHARE

The calculation of the basic loss per share for
the period ended 30 September 2005 is based on the loss for
the period of approximately HK$716,000 (2004: loss attributable to
shareholders of approximately HK$1,02 million) and on 606,800,000
(2004: 606,800,000) ordinary shares of the Company in issue
during the period.
No diluted loss per share for the three months ended 30 September 2005
were presented as the Company did not assume the exercise of share
option outstanding because the exercise prices of the Company��s
share options were higher than the average market price for shares
(2004: HK$ nil).