UBA INVESTMENTS<0768> - Results Announcement (Summary)
UBA Investments Limited announced on 8/6/2001:
(stock codes: Ord: 768 & War: 352)
Year end date: 31/3/2001
Currency: HK$ (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/4/2000 from 8/6/1999
to 31/3/2001 to 31/3/2000
Turnover : 36,380,471 29,594,909
Profit/(Loss) from Operations : (25,974,875) 17,395,270
Finance cost : (16,741) (11,669)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : (25,172,043) 14,741,601
% Change over Last Period : N/A
EPS/(LPS)-Basic : (2.47 cents) 2.78 cents
-Diluted : (2.24 cents) 2.78 cents
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : (25,172,043) 14,741,601
Final Dividend per Share : NIL NIL
(Specify if with other options) : - -
B/C Dates for Final Dividend : N/A
Payable Date : -
B/C Dates for Annual General Meeting : 27/7/2001 to 31/7/2001 bdi.
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
1. Basis of presentation
The Company was incorporated with limited liability as an exempted company
in the Cayman Islands on November 4, 1999 under the Companies Law (1998
Revision) of the Cayman Islands.
Super Idea International Limited ("Super Idea") was incorporated with
limited liability in the British Virgin Islands on June 8, 1999.
On December 22, 1999, the Company and Super Idea underwent a group
reorganisation to rationalise the group structure in preparation for the
listing of the Company's shares on The Stock Exchange of Hong Kong Limited
(the "Stock Exchange"), and the Company became the holding company of
Super Idea.
2. Principal accounting policies
The audited financial statements have been prepared in accordance with the
same principal accounting policies and on a basis consistent with those
adopted in the annual financial statements for the year ended 31 March
2000.
3. Analysis of Turnover
April 1, 2000 June 8, 1999
To To
March 31, 2001 March 31, 2000
HK$ HK$
Proceeds from sale of listed securities 35,036,022 28,844,063
Dividend income from listed securities 1,344,449 750,846
----------------------------------
36,380,471 29,594,909
==================================
4. (Loss) profit before operations
April 1, 2000 June 8, 1999
To To
March 31, 2001 March 31, 2000
HK$ HK$
Auditors' remuneration
- Current year / period 96,000 100,000
- Overprovision in prior period (2,000) 0
-----------------------
94,000 100,000
Investment management fee 1,519,716 335,397
Staff costs 462,846 136,674
Provision for permanent diminution in value
of investment in unlisted equity
securities 1,415,000 0
========================
5. Loss (earning) per share
The basic (loss) earnings per share is based on the loss of HK$25,172,043
(2000: net profit HK$14,741,601) and the weighted average of
1,017,553,282 (2000: 530,134,230) ordinary shares in issue during the
year / period.
The basic earnings per share for 2000 has been adjusted for the bonus
issue of shares during the year on the basis of nine new shares for every
one share then held by the shareholders.
The diluted loss per share for the year is based on 1,123,545,113 ordinary
shares which was the weighted average number of ordinary shares in issue
during the year plus the weighed average of 105,991,831 ordinary shares
deemed to be issued at no consideration if all outstanding warrants had
been exercised.
6. Comparative figures
The comparative figures have been reclassified to conform with the current
year presentation.
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