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New World CyberBase Announces Interim Results

(Hong Kong - 17 December, 2003) New World CyberBase Limited ("NWCB"; Stock Code: 276) today announces its interim results for the first six months ended 30 September 2003. During the period, the Group recorded a consolidated loss attributable to shareholders of HK$17.9 million as compared with a profit of HK$1.6 million for the last corresponding period. The Group`s turnover was HK$15.8 million, a decrease of 3% as compared with HK$16.2 million with that of last corresponding period.
Operating loss for the period was mainly attributable to the loss from the provision of technology related services of HK$15 million. The loss from such business segment was mainly attributable to three reasons: firstly, the business was affected by the SARS outbreak together with keen competition of the IT solutions business in PRC; secondly restructuring costs were incurred to trim-off low margin projects; thirdly, a provision of HK$3.7 million on long term receivable was made for the period, accounting for 24% of total operating loss.

The business was greatly impacted by the SARS outbreak, as PRC was the most affected country. The Group`s business was inevitably affected as most of the commercial activities came to a complete halt during this period and the Group`s outsourcing business was not any different.

"With the recovery after the SARS outbreak, the Group has consolidated the efforts with a focus in professional outsourcing services in the second quarter of the financial year which contributed 22% of the total IT revenue during this period. We are confident in achieving growth in these core services including IT outsourcing services and call center outsourcing services," said Simon Lo, Chairman of NWCB.

With the provision of outsourcing services as well as product localization and customization service, the Outsourcing Development Center ("ODC") built close working relationship with customers such as Kingdee and IBM among which Kingdee was secured as a long-term outsourcing partner.

After becoming the exclusive agent for China TDT Call Center in the PRC, the Call Center Services achieved satisfactory results. Major wins included contracts from direct marketing, telemarketing and advertising companies.

"In line with the long term strategy of NWCB, the Company has progressively expanded from business market to consumer market with a focus on delivering services of information contents and mobile internet technology," said Yvette Ong, Managing Director and CEO of NWCB.

China is a promising market for mobile Internet service, in information, entertainment and games. NWCB, under the brand name of "ChinaQuest", has secured a leading market position as a Location Based Services ("LBS") provider. NWCB has spent much effort in setting up the infrastructure of both the mapping and city information content and mobile entertainment services. A core team was spinned off to focus on the research and development of new services and operations of the consumer business.

In May 2003, NWCB signed an agreement with Unicom Guomai jointly providing call center directory enquiry services of mapping and city information in Shanghai for customers of Shanghai Unicom, the service was successfully launched in July 2003. In addition, a services agreement was also signed with Guangdong Iscreate Communication Co., Ltd.; enabling NWCB to launch our first LBS mobile games services to China Unicom`s subscribers in Guangzhou in September, 2003.

In June 2003, NWCB signed a partnership contract with Denmark-based company Unwiredfactory to roll out location-based games services to mainland`s mobile communications services operators. The team has completed all product localization work during this period and the service is scheduled to be launched at the end of 2003.

In July 2003, NWCB signed an Memorandum of Understanding with Siemens Shanghai Mobile Communications Limited as strategic partner to develop the PRC`s mobile information service market focusing on LBS technology.

"NWCB will continue to focus on the mobile internet services, growing from the strength of mapping content GIS and LBS technology, to mobile gaming and entertainment services," said Ong.

NWCB has scheduled to roll out various mobile internet based mapping services starting in the last quarter of the financial year, initially starting with its first fee-based internet mapping service. In addition, working along with China Unicom and China Mobile, various mapping services will be offered to their customers. Consumers will soon be able to enjoy mapping and city information services using various access methods, whether at home, at work or on the move.

Leveraging on strength of LBS technology, we shall expand further into offering other mobile entertainment services. Initially mobile games will be one of the key service offerings. The team will continue to focus on rolling out LBS mobile games in key cities across the nation.

Ong commented, "NWCB will continue to focus on expanding its service offerings in outsourcing services. The software outsourcing team will focus in working with international partners to provide a cost effective solution for their outsourcing needs. The call center services team will continue to provide the best in class service to its long term customers and gain continuation of contracts".


About New World CyberBase Ltd.
New World CyberBase Limited ("NWCB") was established in August 1999 as a technology company that provides IT and software solutions to customers in Greater China. The business focus encompasses software products, industry solutions and IT services. Technology excellence, quality service and people domain expertise form the core values of the Company`s commitment to product development and dedication to deliver products and services.

In addition, continuous strengthening of strategic partnership and alliance network is an important component of NWCB`s success factor. NWCB has its corporate headquarters in Hong Kong and offices in Beijing, Shanghai and Guangzhou. The shares of the Company are listed on The Stock Exchange of Hong Kong Limited. (stock code: 276).

For media enquiries, please contact:

Amy Mok
New World CyberBase Limited
Tel: (852) 2138-8280
Fax: (852) 2138-8034
Email: amymok@nwcyberbase.com


Nachzulesen auf: http://www.nwcyberbase.com
 
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