Listed Company Information
 

PERFECTECH INTL<00765> - Results Announcement

Perfectech International Holdings Limited announced on 13/09/2006:
(stock code: 00765 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2006    from 01/01/2005
                                     to 30/06/2006      to 30/06/2005
                               Note  ('000      )       ('000      )
Turnover                           : 196,231            197,567           
Profit/(Loss) from Operations      : 4,643              (4,858)           
Finance cost                       : (321)              (429)             
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       : 3,740              (5,097)           
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.0121             (0.0166)          
         -Diluted (in dollars)     : N/A                (0.0166)          
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 3,740              (5,097)           
Interim Dividend                   : 1 cent             0.5 cent
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim Dividend                 : 05/10/2006         to 06/10/2006 bdi.
Payable Date                       : 12/10/2006
B/C Dates for (-)            
  General Meeting                  : N/A   
Other Distribution for             : N/A
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A   

Remarks:

1. BASIS OF PREPARATION AND SUMMARY OF PRINCIPAL ACCOUNTING POLICIES

The unaudited condensed consolidated interim financial statements are 
prepared in accordance with the applicable disclosure requirements of 
Appendix 16 of the Rules Governing the Listing of Securities on The Stock 
Exchange of Hong Kong Limited ("Listing Rules") and with Hong Kong 
Accounting Standard 34 (HKAS 34) Interim Financial Reporting, issued by 
the Hong Kong Institute of Certified Public Accountants.

The condensed consolidated interim financial statements have been prepared 
on the historical cost basis except for certain properties and financial 
instruments, which are measured at fair values or revalued amounts, as 
appropriate.

The accounting policies adopted are consistent with those followed in the 
preparation of the Group's annual financial statements for the year ended 
31st December, 2005 except as described below:

In the current period, the Group has applied, for the first time, a number 
of new Hong Kong Financial Reporting Standards (HKFRSs), Hong Kong 
Accounting Standards (HKASs) and Interpretations (hereinafter collectively 
referred to as "new HKFRSs") issued by the Hong Kong Institute of 
Certified Public Accountants that are effective for accounting periods 
beginning on or after 1 January 2006 as follows:

HKAS 19 (Amendment)        Actuarial gains and losses, group plans and 
                           disclosures
HKAS 21 (Amendment)        Net investment in a foreign operation
HKAS 39 (Amendment)        Cash flow hedge accounting of forecast 
                           intragroup transactions
HKAS 39 (Amendment)        The fair value option
HKAS 39 & HKFRS 4          Financial guarantee contracts
   (Amendments)
HKFRS 6                    Exploration for and evaluation of mineral 
                           resources
HKFRS 7                    Financial instruments: Disclosures
HK(IFRIC) - INT 4          Determining whether an arrangement contains a 
                           lease
HK(IFRIC) - INT 5          Rights to interests arising from 
                            decommissioning, restoration
                            and environment rehabilitation funds  
HK(IFRIC) - INT 6          Liabilities arising from participating in a          
                            specific market - waste electrical and 
                            electronic equipment

The application of these new HKFRSs has had no significant impact on the 
Group's result and financial position. 


2. EARNINGS (LOSS) PER SHARE

The calculation of the basic and diluted earnings (loss) per share is 
based on profit attributable to equity shareholders for the period of 
approximately HK$3,740,000 (2005 : loss of HK$5,097,000) and the following 
data:

                                                                                
                                                (Unaudited)
                                           For the six months 
                                            ended 30th June,
                                        2006             2005

Weighted average number of ordinary shares for the
        purposes of basic earnings per share                                    
                               308,570,590      306,621,497

Effect of dilutive potential ordinary shares on
        share options                   -           1,072,381
                                _____________   _______________                 
Weighted average number of ordinary shares for the
        purposes of diluted earnings per share                                  
                                 308,570,590      307,693,878                   
                                =============   ===============                 
                                                        

No diluted earnings per share has been presented because the exercise 
prices of the Company's options were higher than the average market prices 
of the shares for the six months ended 30th June, 2006.