GRANDY CORP<08143> - Results Announcement (Q2, 2004/2005, Summary)
Grandy Corporation announced on 12 November 2004:
(stock code: 08143 )
Year end date :31 March 2005
Currency :HKD
Auditors' report :N/A
2nd 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 1 April 2004 1 April 2003
to 30 September 2004 30 September 2003
$'000 $'000
Turnover : 17,666 9,832
Profit/(Loss) from Operations : (497) (17,130)
Finance cost : (212) (70)
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 : (1,140) (16,783)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.001) (HKD 0.0193)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (1,140) (16,783)
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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
Grandy Corporation
Signature :
Name : Wilfred Wong
Title : Financial Controller
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. Loss per share
The calculation of basic loss per share for the three months
ended 30 September 2004 is based on the unaudited net loss for the
period of approximately HK$1,559,000 (2003: HK$ 11,233,000)
and the weighted average number of 1,158,671,667
(2003: 871,666,667) shares in issue during the period.
The calculation of basic loss per share for the six months ended
30 September 2004 is based on the unaudited net loss for the
period of approximately HK$1,140,000 (2003: HK$ 16,783,000)
and the weighted average number of 1,158,671,667
(2003: 871,666,667) shares in issue during the period.
No diluted loss per share for the three months and six months ended
30 september 2004 and for the three months and six months ended
30 September 2003 as the exercise price of the Company's share
options was higher than the average market price of the Company's
shares during the period.
2. Dividend
The directors do not recommend the payment of an interim dividend
for the three months and six months ended 30 September 2004
respectively (2003: Nil).
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