TOM Group Limited — Interim / Quarterly Report 2004

Aug 12, 2004

Listed Company Information

Listed Company Information
TOM GROUP<02383> - Results Announcement TOM Group Limited announced on 12/08/2004: (stock code: 02383 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/1/2004 from 1/1/2003 to 30/6/2004 to 30/6/2003 Note ('000 ) ('000 ) Turnover : 1,198,375 911,968 Profit/(Loss) from Operations : 759,512 (12,420) Finance cost : (15,369) (9,611) Share of Profit/(Loss) of Associates : 853 732 Share of Profit/(Loss) of Jointly Controlled Entities : (346) (4,998) Profit/(Loss) after Tax & MI : 684,105 (32,674) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.1762 (0.0098) -Diluted (in dollars) : 0.1638 N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 684,105 (32,674) Interim Dividend : Nil Nil per Share (Specify if with other : N/A N/A options) B/C Dates for Interim 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. Basis of preparation The principal accounting policies adopted in preparing the unaudited consolidated results conform with accounting principles generally accepted in Hong Kong and accounting standards issued by the Hong Kong Society of Accountants. 2. Restatement of turnover and cost of sales The Group's wireless value-added services are delivered to users through the wireless data platforms of the mobile telecommunications operators pursuant to revenue sharing agreements. In prior years, the Group reported these wireless value-added services revenues net of the revenues shared with the mobile telecommunications operators. In 2003, the Directors are of the opinion that it is more appropriate to adopt the gross basis of recognition of wireless value-added services revenues commencing from 1 January 2003. This change in recognition basis has no overall effect on the Group's results. To facilitate better comparison of year-on-year results, both turnover and cost of sales for the six months ended 30 June 2003 have been restated and increased by HK$45,026,000. 3. Earnings/(loss) per share (a) Basic The calculation of the basic earnings/(loss) per share for the six months ended 30 June 2004 is based on the respective unaudited consolidated profit attributable to shareholders of HK$684,105,000 (2003: loss of HK$32,674,000) and the weighted average number of 3,882,734,691 (2003: 3,335,208,470) ordinary shares in issue during the respective periods. (b) Diluted The calculation of diluted earnings per share for the six months ended 30 June 2004 is based on the unaudited adjusted consolidated profit attributable to shareholders of HK$694,329,000, after adding back the borrowing costs of the convertibles bonds, and the weighted average number of 4,237,629,238 ordinary shares issued and issuable, after adjusting for the effects of all dilutive potential shares, as if all the outstanding share options and convertible bonds issued by the Group had been exercised and converted into ordinary shares at the date of issuance The exercise of share options granted and the issuance of consideration shares by the Company would have an anti-dilutive effect on the loss per share for the six months ended 30 June 2003.