BENEFUN INT'L<1130> - Results Announcement
Benefun International Holdings Limited announced on 23/3/2001:
(stock code: 1130)
Please refer to the press announcement for the details of the auditors'
review report on the interim financial statement, to be issued by the
Company on 26/3/2001.
Year end date: 30/6/2001
Currency: HK$ (Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/7/2000 from 1/7/1999
to 31/12/2000 to 31/12/1999
('000) ('000)
Turnover : 61,574 54,500
Profit/(Loss) from Operations : (7,591) (9,607)
Finance cost : (2,074) (2,063)
Share of Profit/(Loss) of Associates : (146) (95)
Share of Profit/(Loss) of
Jointly Controlled Entities : Nil Nil
Profit/(Loss) after Tax & MI : (9,977) (12,058)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (1.49 cents) (2.28 cents)
-Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : Nil Nil
Profit/(Loss) after ETD Items : (9,977) (12,058)
Interim Dividend per Share : Nil Nil
(Specify if with other options) : - -
B/C Dates for Interim Dividend : Nil
Payable Date : Nil
B/C Dates for (-) General Meeting : Nil
Other Distribution for Current Period : Nil
B/C Dates for Other Distribution : Nil
Remarks:
1. Basis of preparation
This interim financial report is unaudited, but has been reviewed by KPMG
in accordance with Statement of Auditing Standards 700 "Engagements to
review interim financial reports", issued by the Hong Kong Society of
Accountants ("HKSA").
The interim financial report has been prepared in accordance with the
requirements of the Main Board Listing Rules of The Stock Exchange of Hong
Kong Limited, including compliance with Statements of Standard Accounting
Practice 25 "Interim financial reporting" issued by the HKSA except that
comparative figures of the cash flow statement have not been prepared as
the Company has taken advantage of the transitional provisions set out in
the Main Board Listing Rules.
The same accounting policies adopted in the 30 Jun 2000 annual accounts
have been applied to the interim financial report.
The notes on the interim financial report include an explanation of events
and transactions that are significant to an understanding of the changes
in financial position and performance of the Group since the 30 June 2000
annual accounts.
2. Loss per share
Basic loss per share
The calculation of basic loss per share is based on the consolidated loss
attributable to shareholders of $9,977,000 (1999: $12,058,000) and the
668,329,000 ordinary shares (1999: weighted average of 529,272,369
ordinary shares) in issue during the period. Fully diluted figures are
not shown as there is no potential dilutive effect for the interim period
ended 31 December 2000.
3. Comparative figures
Certain comparative figures have been reclassified to conform with the
current period's presentation.
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