PROSTICKS INT'L<08055> - Results Announcement (Final, 2002, Summary)
ProSticks International Holdings Limited announced on 25/03/2003
(stock code: 08055)
Year end date :31/12/2002
Currency :HKD
Auditors' report :Unqualified
Review of Quarterly Report by :N/A
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
(Audited) (Audited)
Current Last Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 31/12/2002 to 31/12/2001
$'000 $'000
Turnover : 4,110 3,625
Profit/(Loss) from Operations : (20,264) (7,355)
Finance cost : (28) (28)
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 : (20,292) (7,383)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.051) (HKD 0.024)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (20,292) (7,383)
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends : N/A
Payable Date : N/A
B/C Dates for Annual General Meeting :24/04/2003 to 28/04/2003 bdi.
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
ProSticks International Holdings Limited
Signature :
Name :Li Ching Ping Vincent
Title : Chairman
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.
Remark:
1. Other operating expenses
Other operating expenses of approximately HK$2,304,000
(2001: Nil) was incurred for the year 2002 as the Group
had made a provision for impairment loss in its fixed
and intangible assets.
2. Loss per share
The calculation of basic loss per share is based on
the net loss attributable to shareholders of
approximately HK$20,292,000
(2001: loss of HK7,383,000) and the weighted average
of 404,712,329 ordiniary shares (2001: 307,671,233
shares) in issue during the year.
No amounts have been presented for the diluted loss
per share because the Pre-IPO Share Options and
convertible note outstanding during the years ended
31 December 2002 and 2001 had an anti-dilutive effect
on the basic loss per share for the years.
3. Dividend
The directors do not recommend the payment of a
dividend for the year ended 31 December 2002
(2001: Nil).
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