M DREAM INWORLD<08100> - Results Announcement (Q3, 2006, Summary)
M Dream Inworld Limited announced on 14/11/2006:
(stock code: 08100 )
Year end date :31/12/2006
Currency :HKD
Auditors' report :N/A
3rd 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 01/01/2006 from 01/01/2005
to 30/09/2006 to 30/09/2005
$'000 $'000
Turnover : 9,887 25,598
Profit/(Loss) from Operations : 2,737 (33,755)
Finance cost : (232) (1,210)
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 : 2,505 (34,284)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD 0.000961 HKD (0.013151)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 2,505 (34,284)
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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
(bdi: both days inclusive)
For and on behalf of
M Dream Inworld Limited
Signature :
Name : Koh Tat Lee, Michael
Title : Chairman
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 presentation and principal accounting policies
The Company was incorporated in the Cayman Islands on 30 July 2001
as an exempted company with limited liability under the Companies
Laws of the Cayman Islands. Its shares have been listed on the
Growth Enterprise ("GEM") of the Stock Exchange of Hong Kong
Limited ("the Stock Exchange") since 31 December 2001.
The consolidated financial statements have been prepared in
accordance with the Hong Kong Financial Reporting Standards
("HKFRS") published by the Hong Kong Institute of Certified
Public Accountants ("HKICPA") and are supplemented
by the Hong Kong disclosure requirement of the Hong Kong
Companies Ordinance and the GEM Listing Rules.
2. Turnover and segment information
The Company is an investment holding company and the Group is
mainly operated in the online gaming business, mobile gaming and
value added service business and system solution provision
business.
Revenue is recognised when it is probable that the economic
benefits will flow to the Group and when the revenue can be
measured reliably.
3. Taxation
No provision for Hong Kong profits tax has been made in the
financial statements as the Group and its subsidiaries operating
in Hong Kong have no assessable profits for the period
(2005: Nil).
Taxation on overseas profits is charged at the rates of taxation
prevailing in the countries in which the companies operate. No
overseas taxation has been made in the financial statements for the
subsidiaries operating outside Hong Kong for the period.
(2005:HK$50,000)
4. Earning/(Loss) per share
The calculation of basic earning/(loss) per share is based on
on the net profit/(loss)from ordinary activities attributable to
shareholders for the period of approximately HK$2,505,000
(2005:loss HK$34,284,000) and the weighted average of 2,606,949,911
(2005:2,606,949,911) ordinary shares in issue during the period.
No diluted earning/(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 and other potential
ordinary shares are anti-dilutive.
5. Dividend
The Directors do not recommend the payment any dividend for
the period (2005: Nil).
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