INWORLD GROUP<08100> - Results Announcement (Q1, 2004, Summary)
Inworld Group Limited announced on 11/5/2004:
(stock code: 08100)
Year end date :31/12/2004
Currency :HKD
Auditors' report :N/A
1st Quarterly Report Reviewed by Audit Committee
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
(Unaudited) (Unaudited)
Current Last
Corresponding
Period Period
from 1/1/2004 from 1/7/2003
to 31/3/2004 to 30/9/2003
$'000 $'000
Turnover : 326 619
Profit/(Loss) from Operations : (100) (211)
Finance cost : N/A N/A
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (1,883) (1,610)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0015) (HKD 0.0025)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (1,883) (1,610)
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
For and on behalf of
Inworld Group Limited
Signature :
Name : Koh Tat Lee, Michael
Title : Director
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.
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 resonable inquires,
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
The accounts have been prepared in accordance with all applicable
Statements of Standard Accounting Practice ("SSAPs") issued by the Hong
Kong Society of Accountants, accounting principles generally accepted
in Hong Kong and the disclosure requirements of the Hong Kong Companies
Ordinance.
2. Loss per share
The calculation of the Group's basic loss per share for the three
months ended 31 March 2004 is based on the Group's loss attributable
to shareholders of approximately HK$1,883,000 (30 September 2003 :
HK$1,610,000) and the weighted average number of approximately
1,293,706,901 shares of the Company for the three months ended
31 March 2004 (30 September 2003 : 636,712,348 shares)
There were no potential dilutive shares in existence for the three
months ended 31 March 2004 and, accordingly, no diluted loss per share
has been presented.
No diluted loss per share has been presented because the exercise price
of the Company's share options was higher than the average market price
per share for the period ended 31 March 2004.
3. Change of financial year end date
During the period ended 31 December 2003 , the Group changed their
financial year end date from 30 June to 31 December. As such, the
last corresponding period covers the first quarter of the period
ended 31 December 2003, which is the three months from 1 July 2003
to 30 September 2003.
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