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ISTEELASIA HOLD<08080> - Results Announcement

iSteelAsia Holdings Limited announced on 09/06/2005:
(stock code: 08080 )
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 : 859,685 1,429,443
Profit/(Loss) from Operations : 559 (17,120)
Finance cost : (5,056) (7,922)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (10,443) (25,711)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) 2 : (0.0065) (0.0163)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (10,443) (25,711)
Final Dividend 3 : 0 0
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 Annual
General Meeting : To Be Announced
Other Distribution for : N/A
Current Period

B/C Dates for Other
Distribution : N/A


For and on behalf of
iSteelAsia Holdings Limited

Name : Desmond Hay Ching Fu
Title : Director and Chief Executive 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 preparation

The accounts have been prepared in accordance with
accounting principles generally accepted in Hong Kong and
comply with accounting standards issued by the Hong Kong
Institute of Certified Public Accountants ("HKICPA") and
the disclosure requirements of the Hong Kong Companies Ordinance.
They have been prepared under the historical cost convention
except that investments are stated at fair value.

The HKICPA issued a number of new and revised
Hong Kong Financial Reporting Standards and
Hong Kong Accounting Standards ("new HKFRSs") which are effective
for accounting periods beginning on or after 1st January 2005.
The Group has not early adopted these new HKFRSs in the accounts
for the year ended 31st March 2005. The Group has already
commenced an assessment of the impact of these new HKFRSs
but is not yet in a position to state whether these new HKFRSs
would have a significant impact on its results of operations
and financial position.


2. Loss per share

The calculation of basic loss per share for the
year ended 31st March 2005 is based on the consolidated loss
attributable to shareholders of approximately HK$10,443,000
(2004: HK$25,711,000) and the weighted average of
approximately 1,596,443,000 (2004: 1,575,758,000)
ordinary shares in issue during the year.

No diluted loss per share is presented as the
outstanding warrants and share options were anti-dilutive.


3. Dividends

The Directors do not recommend the payment of a final dividend
for the year ended 31st March 2005.
 
aus der Diskussion: News Isteelasia Zahlen 2004
Autor (Datum des Eintrages): FinancialServices  (09.06.05 22:07:05)
Beitrag: 7 von 16 (ID:16852580)
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