FLEXSYSTEM<08050> - Results Announcement
FlexSystem Holdings Limited announced on 27/06/2005:
(stock code: 08050 )
Year end date: 31/03/2005
Currency: HKD
Auditors' Report: Unqualified
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/04/2004 from 01/04/2003
to 31/03/2005 to 31/03/2004
Note ('000 ) ('000 )
Turnover : 63,826 51,828
Profit/(Loss) from Operations : (1,526) (5,776)
Finance cost : 0 0
Share of Profit/(Loss) of
Associates : 0 (858)
Share of Profit/(Loss) of
Jointly Controlled Entities : (347) (107)
Profit/(Loss) after Tax & MI : (2,298) (7,022)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.0038) (0.0117)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (2,298) (7,022)
Final Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final 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
For and on behalf of
FlexSystem Holdings Limited
Name : Gary Leung Wai Cheung
Title : Cheif Financial Officer
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 presentation
FlexSystem Holdings Limited ("the Company") was incorporated in the
Cayman Islands on 8 May, 2000 as an exempted company with limited
liability under the Companies Law (2000 Revision) of the Cayman
Islands.
The financial statements have been prepared in accordance with
Hong Kong Financial Reporting Standards (which also include
Statements of Standard Accounting Practice ("SSAP") and Interpretations)
issued by the Hong Kong Institute of Certified Public Accountants
("HKICPA"), accounting principles generally accepted in Hong Kong, the
disclosure requirements of the Hong Kong Companies Ordinance and the
applicable disclosure provisions of the Rules Governing the Listing of
Securities on GEM. The financial statements have been prepared under the
historical cost convention except that certain investments in securities
are stated at fair value.
All significant intra-group transactions and balances have been
eliminated on combination.
(2) Loss per share
The calculation of the basic loss per share is based on the Group's
loss attributable to shareholders of approximately HK$2,298,000
(2004: HK$7,022,000) and the weighted average of 600,000,000
(2004: 600,000,000) ordinary shares in issue during the year.
There were no dilutive pontential ordinary shares in existence for the
years ended 31 March, 2004 and 2005.
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