Timeless: Earnings-per-share 1.17 cents - 500 Beiträge pro Seite
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Timeless wird seinen Weg gehen!
STORY: TIMELESS Software yesterday reported net profits amounting to $7.17 million in the quarter to December, bouncing back from losses of $3.02 million a year earlier.
It is the first financial results since the company`s November listing on the Growth Enterprise Market (GEM).
It said turnover fell 14 per cent to $7.88 million in the quarter, against $9.18 million a year earlier.
Operating profit was well up at $7.17 million against a $3.02-million loss previously.
Earnings-per-share were 1.17 cents compared with the a loss of 1.25 cents a share in the last quarter of 1998.
Timeless jumped more than 30 per cent on the GEM yesterday to $7.75 per share on market expectations of positive financial results.
In a statement the company said it did not know why there was such a jump in its stock price. Analysts say the firm`s recent investment in Acme Landis and its results announcement gave it a boost.
During the day the stock hit a new high of $8.50 before profit-taking pulled it back to the $7.75 finish _ still $1.80 up on the day on turnover of $119.63 million.
Timeless yesterday also said the value of total Internet-related contracts it signed in January and February was $32.6 million.
Most of the contracts are software-related. About 90 per cent of the contracts involve Internet portals while the rest are government software development contracts and others, said Danny Cheng Wan-cheung, chief operating officer.
``January was excellent for Timeless. After the Y2K issue, many companies accelerated their pace of Internet development,`` he said.
The main source of future income would be e-commerce and portal development.
``Our paper profit on Acme Landis is good, however, our focus is not merely on money but also to develop software,`` said chairman and chief executive officer Cheng Kin-kwan.
``Timeless combines and consolidates the two models of Internet operations. One is similar to the core business of Microsoft and Timeless where software and technology are developed and deployed to become market standards,`` he said.
The other model was similar to Softbank and Pacific Century CyberWorks wherein funds were mobilised to invest in companies to increase market share.
``The synergy of our investment in i100 Holdings (the new name of Acme Landis) is that we can increase the value of i100, participate in its Internet-related projects and have a stable, long-term income,`` said Mr W C Cheng.
But the firm declined to disclose whether it has exclusive rights for i100 to use Timeless`s platform for development of Internet projects.
Timeless executive director Laurie Kan Siu-kei has been seconded to i100 Holdings.
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STORY: TIMELESS Software yesterday reported net profits amounting to $7.17 million in the quarter to December, bouncing back from losses of $3.02 million a year earlier.
It is the first financial results since the company`s November listing on the Growth Enterprise Market (GEM).
It said turnover fell 14 per cent to $7.88 million in the quarter, against $9.18 million a year earlier.
Operating profit was well up at $7.17 million against a $3.02-million loss previously.
Earnings-per-share were 1.17 cents compared with the a loss of 1.25 cents a share in the last quarter of 1998.
Timeless jumped more than 30 per cent on the GEM yesterday to $7.75 per share on market expectations of positive financial results.
In a statement the company said it did not know why there was such a jump in its stock price. Analysts say the firm`s recent investment in Acme Landis and its results announcement gave it a boost.
During the day the stock hit a new high of $8.50 before profit-taking pulled it back to the $7.75 finish _ still $1.80 up on the day on turnover of $119.63 million.
Timeless yesterday also said the value of total Internet-related contracts it signed in January and February was $32.6 million.
Most of the contracts are software-related. About 90 per cent of the contracts involve Internet portals while the rest are government software development contracts and others, said Danny Cheng Wan-cheung, chief operating officer.
``January was excellent for Timeless. After the Y2K issue, many companies accelerated their pace of Internet development,`` he said.
The main source of future income would be e-commerce and portal development.
``Our paper profit on Acme Landis is good, however, our focus is not merely on money but also to develop software,`` said chairman and chief executive officer Cheng Kin-kwan.
``Timeless combines and consolidates the two models of Internet operations. One is similar to the core business of Microsoft and Timeless where software and technology are developed and deployed to become market standards,`` he said.
The other model was similar to Softbank and Pacific Century CyberWorks wherein funds were mobilised to invest in companies to increase market share.
``The synergy of our investment in i100 Holdings (the new name of Acme Landis) is that we can increase the value of i100, participate in its Internet-related projects and have a stable, long-term income,`` said Mr W C Cheng.
But the firm declined to disclose whether it has exclusive rights for i100 to use Timeless`s platform for development of Internet projects.
Timeless executive director Laurie Kan Siu-kei has been seconded to i100 Holdings.
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test
Hi zyber,
schon mal was von infinity inc. gehört??
Die sind heute, glaube ich, neu in Berlin gelistet, aber noch ohne WKN
Nachstehend der US Link
http://finance.yahoo.com/q?s=IFNYZ.OB&d=1b
Gibt es infos ??
Eiskalter Gruß
schon mal was von infinity inc. gehört??
Die sind heute, glaube ich, neu in Berlin gelistet, aber noch ohne WKN
Nachstehend der US Link
http://finance.yahoo.com/q?s=IFNYZ.OB&d=1b
Gibt es infos ??
Eiskalter Gruß
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