FLEXSYSTEM<08050> - Results Announcement
FlexSystem Holdings Limited announced on 10/02/2006:
(stock code: 08050 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
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
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2005 from 01/04/2004
to 31/12/2005 to 31/12/2004
Note ('000 ) ('000 )
Turnover : 54,523 49,081
Profit/(Loss) from Operations : 4,216 802
Finance cost : 0 0
Share of Profit/(Loss) of
Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : (441) (45)
Profit/(Loss) after Tax & MI : 3,072 429
% Change over Last Period : +616.08 %
EPS/(LPS)-Basic (in dollars) : 0.0051 0.0007
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 3,072 429
3rd Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
3rd Quarter 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 : 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 as an exempted company with limited liability on 8th
May, 2000 under the Companies Law (2000 Revision) of the Cayman
Islands.
The principal accounting policies adopted in preparing the Group¡¦s
unaudited consolidated results conform to accounting principles
generally accepted in Hong Kong and accounting standards issued by
the Hong Kong Institute of Certified Public Accountants (¡§HKICPA¡¨)
and the applicable disclosure provisions of the Rules Governing the
Listing of Securities on the GEM of the Exchange. The financial
statements have been prepared under the historical cost convention
except that certain property and investments in securities are stated
at fair value.
In 2004, the HKICPA issued a number of new or revised Hong Kong
Accounting Standards and Hong Kong Financial Reporting Standards
(¡§the new HKFRSs¡¨) which are effective for accounting periods
beginning on or after 1st January 2005. The adoption of the new HKFRSs
had no material impact on the Group¡¦s results of operations and
financial position.
(2) Earnings per share
The calculation of the Group's basic earnings per share for the
nine months ended 31st December, 2005 is based on the Group's
unaudited consolidated profit attributable to shareholders of
approximately HK$3,072,000 (2004: HK$429,000) and the weighted
average number of 600,000,000 (2004: 600,000,000) ordinary shares in
issue during the period.
There were no dilutive potential shares in issue during the periods
ended 31st December, 2004 and 2005.
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