Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
ETS GROUP LIMITED
易 通 訊 集 團 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8031)
THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021
CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE")
GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration.
Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.
This announcement, for which the directors (the "Directors") of ETS Group Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
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FINANCIAL SUMMARY
The Group's total revenue for the nine months ended 30 September 2021 was approximately HK$75,994,000 representing an increase of approximately 0.2% as compared with the total revenue of approximately HK$75,870,000 for the corresponding period in 2020.
Loss attributable to owners of the Company for the nine months ended 30 September 2021 was approximately HK$4,196,000, representing a decrease of approximately 372.8% as compared with the profit attributable to owners of the Company of approximately HK$1,538,000 for the corresponding period in 2020.
Loss per share for the nine months ended 30 September 2021 was approximately HK1.5 cents (Earnings per share for nine months ended 30 September 2020: approximately HK0.5 cents).
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UNAUDITED RESULTS
The board of Directors (the "Board") of the Company is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (the "Group") for the three months and nine months ended 30 September 2021 together with the comparative figures for the corresponding periods ended 30 September 2020, as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)
For the three months and nine months ended 30 September 2021
Three months ended | Nine months ended | ||||||||
30 September | 30 September | ||||||||
2021 | 2020 | 2021 | 2020 | ||||||
Notes | HK$'000 | HK$'000 | HK$'000 | HK$'000 | |||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | ||||||
Revenue | 3 | 24,808 | 21,364 | 75,994 | 75,870 | ||||
Other income | 64 | 7,117 | 217 | 8,302 | |||||
Other losses - net | (161) | (2,436) | (38) | (2,394) | |||||
Employee benefits expenses | (18,698) | (18,494) | (55,236) | (58,704) | |||||
Depreciation and amortization | (2,498) | (2,898) | (7,726) | (9,233) | |||||
Other operating expenses | (6,047) | (4,062) | (16,184) | (11,265) | |||||
Operating (loss)/profit | (2,532) | 591 | (2,973) | 2,576 | |||||
Finance costs | (8) | (85) | (120) | (306) | |||||
(Loss)/Profit before tax | (2,540) | 506 | (3,093) | 2,270 | |||||
Income tax expense | 4 | (343) | (344) | (1,103) | (732) | ||||
(Loss)/Profit for the period | (2,883) | 162 | (4,196) | 1,538 | |||||
Total comprehensive (expense)/ | |||||||||
income for the period | (2,883) | 162 | (4,196) | 1,538 | |||||
(Loss)/Profit attributable to owners of | |||||||||
the Company | (2,883) | 162 | (4,196) | 1,538 | |||||
Total comprehensive (expense)/ | |||||||||
income attributable to owners of the | |||||||||
Company | (2,883) | 162 | (4,196) | 1,538 | |||||
(Loss)/Earnings per share attributable | |||||||||
to owners of the Company | |||||||||
- Basic and diluted (HK cents) | 6 | (1.0) | 0.1 | (1.5) | 0.5 | ||||
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NOTES TO THE FINANCIAL INFORMATION
For the nine months ended 30 September 2021
-
GENERAL INFORMATION
The Company was incorporated in the Cayman Islands on 29 June 2011 as an exempted company with limited liability under the Companies Law of the Cayman Islands. The shares of the Company have been listed on the GEM of the Stock Exchange with effect from 9 January 2012 (the "Listing Date"). - BASIS OF PREPARATION AND PRINCIPAL ACCOUNTING POLICIES
The Group's unaudited condensed consolidated third quarterly financial information has been prepared in accordance with Hong Kong Financial Reporting Standards ("HKFRSs") issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA") and the applicable disclosure requirements of the GEM Listing Rules.
The accounting policies and basis adopted in preparing the unaudited condensed consolidated third quarterly financial information were consistent with those applied for the consolidated financial statements of the Group for the year ended 31 December 2020.
The HKICPA has issued certain new and revised Hong Kong Financial Reporting Standards ("HKFRSs"). For those which are effective for accounting periods beginning on or after 1 January 2021, the adoption has no material impact on how the results and financial positions of the Group for the current and prior periods have been prepared and presented. For those which are not yet effective and have not been early adopted in prior accounting periods, the Group is in the process of assessing their impact on the Group's results and financial position. - REVENUE
Three months ended | Nine months ended | ||||||
30 September | 30 September | ||||||
2021 | 2020 | 2021 | 2020 | ||||
HK$'000 | HK$'000 | HK$'000 | HK$'000 | ||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | ||||
Outsourcing inbound contact services | 2,922 | 3,062 | 9,371 | 8,414 | |||
Outsourcing outbound contact services | - | - | - | 8,253 | |||
Staff insourcing services | 14,366 | 9,110 | 40,098 | 31,568 | |||
Contact service centre facilities | |||||||
management services | 4,075 | 3,007 | 10,730 | 10,474 | |||
Financial services | 2,051 | 5,080 | 11,673 | 13,531 | |||
Others | 1,394 | 1,105 | 4,122 | 3,630 | |||
24,808 | 21,364 | 75,994 | 75,870 | ||||
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4. INCOME TAX EXPENSE
Hong Kong profits tax has been provided at a rate of 16.5% (2020: 16.5%) on the estimated assessable profits arising in or derived from Hong Kong for the nine months period ended 30 September 2021.
Three months ended | Nine months ended | ||||||
30 September | 30 September | ||||||
2021 | 2020 | 2021 | 2020 | ||||
HK$'000 | HK$'000 | HK$'000 | HK$'000 | ||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | ||||
Current income tax | 343 | 344 | 1,103 | 732 | |||
No provision for deferred taxation has been made in the financial statements since there is no material timing difference.
-
INTERIM DIVIDENDS
The Board does not recommend the payment of an interim dividend for the nine months ended 30 September 2021 (2020: nil). - LOSS/EARNINGS PER SHARE
The calculation of basic loss/earnings per share for the nine months ended 30 September 2021 is based on (i) the unaudited consolidated loss attributable to the owners of the Company of approximately HK$4,196,000 (earnings per share for nine months ended 30 September 2020: approximately HK$1,538,000) and (ii) the weighted average number of 280,000,000 ordinary shares issued during the nine months ended 30 September 2021 (during the nine months ended 30 September 2020: the weighted average number of 280,000,000 ordinary shares issued).
The diluted loss/earnings per share is equal to the basic loss/earnings per share as there were no dilutive potential ordinary shares in issue during the nine months ended 30 September 2021 and 2020.
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ETS Group Ltd. published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 15:27:07 UTC.