Vision Values Holdings Ltd. — Earnings Release 2004

Sep 21, 2004

Listed Company Information

Listed Company Information
NW MOBILE<00862> - Results Announcement New World Mobile Holdings Limited announced on 21/09/2004: (stock code: 00862 ) 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 01/01/2004 from 01/01/2003 to 30/06/2004 to 30/06/2003 Note ('000 ) ('000 ) Turnover : 392 3,116 Profit/(Loss) from Operations : (44,885) (20,328) Finance cost : (423) (594) Share of Profit/(Loss) of Associates : (2,584) (14,719) Share of Profit/(Loss) of Jointly Controlled Entities : N/A (149) Profit/(Loss) after Tax & MI : (47,892) (35,790) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (1.28) (0.98) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (47,892) (35,790) 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. Loss per share The calculation of basic loss per share are based on the Group's loss attributable to shareholders of HK$47,892,000 (2003: HK$35,790,000) and the weighted average of 37,515,557 (2003: 36,415,557) consolidated ordinary shares deemed to be in issue during the period, after taking into account the effect of share consolidation effective on 7 July 2004. The exercise of share options and convertible bonds would have an anti- dilutive effects on basic loss per share and accordingly no diluted loss per share for the period ended 30 June, 2004 and 2003 are presented. 2. Other distribution Unaudited Six months ended 30 June 2004 2003 HK$'000 HK$'000 Special, proposed, of 213 consolidated NWCB Shares (2003: Nil) per 100 consolidated ordinary share (Note) 38,410 - ======== ======= Note: In a board meeting held on 29 March, 2004 the directors proposed a special dividend by way of distribution in specie ("Distribution") of the 1,600,419,388 ordinary shares of HK$0.02 each in the issued capital of New World CyberBase Limited ("NWCB Shares") held by the Group on the basis of 426 NWCB Shares for every 10 consolidated shares of the Company after the share consolidation effective on 7 July 2004. This proposed special dividend was approved by the shareholders of the Company at an extraordinary general meeting held on 25 June 2004 and was conditional upon the completion of a subscription agreement, which was subsequently completed on 6 July 2004. As announced by the Company on 6 September 2004, the basis of the Distribution has been changed to 213 consolidated NWCB Shares for every 100 consolidated shares of the Company as a result of the consolidation of NWCB Shares which became effective on 23 August 2004. This proposed dividend is not reflected as a dividend payable in these condensed accounts, but will be reflected as an appropriation of retained earnings of the Company for the year ending 31 December 2004. 3. Certain comparative amounts have been reclassified to conform with current period's presentation.