Wisdomcome Group Holdings Ltd. — Earnings Release 2004

Sep 14, 2004

GEM

B.A.L. HOLD<08079> - Results Announcement (Q3, 2003/2004, Summary)

B.A.L. Holdings Limited announced on 13/09/2004:
(stock code: 08079 )

Year end date :31/10/2004
Currency :HKD
Auditors' report :N/A
3rd 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 01/11/2003   from 01/11/2002
                                     to 31/07/2004     to 31/07/2003
                                             $'000             $'000

Turnover : 41,439 8,736
Profit/(Loss) from Operations : 11,755 (5,780)
Finance cost : 375 576
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 : 11,231 (6,356)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD 0.0046 (HKD 0.0027)
Diluted (in dollar) : HKD 0.0046 (HKD 0.0027)
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 11,231 (6,356)
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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
B.A.L. Holdings Limited

Signature :
Name : Raymond Lo Gun Yuen
Title : Company Sectetary

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

The principal accounting policies adopted in preparing the
unaudited consolidated results of the Group conform to
accounting principles generally accepted in Hong Kong and
accounting standards issued by the Hong Kong Society of
Accountants and the disclosure requirements of the Hong Kong
Companies Ordiance and GEM Listing Rules.

1. Turnover

Turnover represents (a) the invoiced value of beauty products
sold less discounts and sales returns and (b) services income
generated from the provision of beauty services during the
period after the elimination of all material inter-company
transactions within the Group.

1. Other Revenue

Other revenue mainly consists of interest income and sundries
income during the period

1. Taxation

No Hong Kong profits tax was provided for as the Group had
no assessable profits arising in Hong Kong (2003:Nil).
Provision for taxation by a subsidiary operating in Macau has
not been made as it had no assessable profits arising in Macau
(2003:Nil)

1. Earnings/ (Loss)Per Share

(a) Basic

   The Calculation of basic earnings per share for the three
   months and nine months ended 31 July 2004 is based on the
   profit attributable to shareholders of approximately
   HK$5,005,000 and HK$11,231,000 respectively (loss for the
   three months and nine months ended 31 July 2003:
   approximately HK$1,478,000 and HK$6,356,000 respectively)
   and on the weighted average number of 2,450,198,530 shares
   (three months and nine months ended 31 July 2003:
   weighted average number of 2,369,229,423 shares.)

(b) Diluted

   The calculation of diluted earnings/ (loss) per share for
   the three months and nine months ended 31 July 2004 is
   based on the profit attributable to shareholders of
   approximately HK$5,005,000 and HK$11,231,000 respectively
   (loss for the three months and nine months ended
   31 July 2003: approximately HK$1,478,000 and HK$6,356,000
   respectively)and on the weighted average number of
   2,450,198,530 ordinary shares (2003:2,369,229,423) plus
   12,250,000 (2003:12,250,000) dilutive shares deemed to have
   been issued for no consideration under the Pre-IPO share
   Option Scheme based on the subscription price per
   share at 50 per cent of the offer price (i.e. HK$0.044).