INTERIM REPORT 2006/2007中期報告Stock Code 股份代號: 8272 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (“GEM”) OF THE STOCK EXCHANGE OFHONG KONG LIMITED (“STOCK EXCHANGE”)GEM has been established as a market designed to accommodate companies to which a high investment risk may be attached.In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast futureprofitability. Furthermore, there may be risks arising out of the emerging nature of companies listed on GEM and the businesssectors or countries in which the companies operate. Prospective investors should be aware of the potential risks of investing insuch companies and should make the decision to invest only after due and careful consideration. The greater risk profile andother characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptibleto high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid marketin the securities traded on GEM.The principal means of information dissemination on GEM is publication on the internet website operated by the StockExchange. Listed companies are not generally required to issue paid announcements in gazetted newspapers. Accordingly,prospective investors should note that they need to have access to the GEM website at www.hkgem.com in order to obtain up-to-date information on GEM-listed issuers.The Stock Exchange takes no responsibility for the contents of this report, makes no representation as to its accuracy or completenessand expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of thecontents of this report.This report, for which the directors (“Directors”) of Byford International Limited (“Company” or “Byford”) collectively and individuallyaccept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of theStock Exchange (“GEM Listing Rules”) for the purpose of giving information with regard to the Company. The Directors havingmade all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this report isaccurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which wouldmake any statement in this report misleading; and (3) all opinions expressed in this report have been arrived at after due andcareful consideration and are founded on bases and assumptions that are fair and reasonable. 香港聯合交易所有限公司（「聯交所」）創 業 板（「創業板」）之 特 色創業板乃為涉及高投資風險之公司提供一個上市之市場，尤其在創業板上市之公司無須有過往溢利紀錄，亦無須預測未來溢利。此外，在創業板上市之公司可能因其新興性質及該等公司經營業務之行業或國家而承受風險。有意投資者應了解投資該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。創業板具有較高風險及其他特點表示創業板較適合專業投資者及其他資深投資者。基於創業板上市公司之新興性質，在創業板買賣之證券可能會較於主板買賣之證券容易受到市場波動所影響。在創業板買賣之證券亦不保證會有高流通量之市場。創業板發佈資料之主要方法為透過聯交所操作之互聯網網站刊登。上市公司一般無須在憲報指定報章刊登付款公佈。因此，有意投資者謹請注意，彼等須瀏覽創業板網站www.hkgem.com，以取得創業板上市發行人之最新資料。聯交所對本報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。本報告所載資料包括聯交所創業板證券上市規則（「創業板上市規則」）規定提供有關百富國際有限公司（「本公司」或「百富」）之資料。本公司各董事（「董事」）對本報告共同及個別承擔全部責任。各董事在作出一切合理查詢後確認，就彼等所深知及確信：(1)本報告所載資料在各重大方面均準確及完整，且並無誤導；(2)本報告亦無遺漏其他事項致使本報告所載任何陳述有所誤導；及(3)所有在本報告表達之意見乃經過審慎周詳考慮後始行作出，並以公平合理之基準及假設為依據。 百富國際有限公司 二零零六年／二零零七年 中期報告 1Condensed Consolidated Financial Statements簡明綜合財務報表The board of Directors (“Board”) of the Company announces the unauditedconsolidated results of the Company and its subsidiaries (together the“Group”) for the three months and six months ended 31 October 2006together with comparative unaudited figures for the previous correspondingperiod as follows:CONDENSED CONSOLIDATED INCOME STATEMENTFor the three months and six months ended 31 October 2006Three months ended 31 OctoberSix months ended 31 October截至十月三十一日止三個月 截至十月三十一日止六個月2006200520062005二零零六年二零零五年二零零六年二零零五年(Unaudited)(Unaudited)(Unaudited)(Unaudited)（未經審核）（未經審核）（未經審核）（未經審核）NotesHK$’000HK$’000HK$’000HK$’000附註千港元千港元千港元千港元Turnover營業額37,1366,79114,68714,593Cost of sales銷售成本(3,242)(3,181)(6,879)(7,164)Gross profit毛利3,8943,6107,8087,429Other income其他收入13643364Selling and distribution costs銷售及分銷成本(1,006)(816)(2,219)(1,763)General and administrative一般及行政開支expenses(2,814)(2,418)(6,195)(5,265)Operating profit/(loss)經營溢利／（虧損）487440(573)465Gain on disposal of a subsidiary出售一家附屬公司之收益–––824Finance costs融資成本5(3)(110)(6)(246)Profit/(loss) before income tax除所得稅前溢利／（虧損）84330(579)1,043Income tax expense所得稅開支6(30)(25)(56)(48)Profit/(loss) for the period,期內本公司股權持有人attributable to equity holders應佔溢利／（虧損）of the Company54305(635)995HK centHK centHK centHK cent港仙港仙港仙港仙Earnings/(loss) per share每股盈利／（虧損）7– Basic－基本0.030.15(0.32)0.50– Diluted－攤薄0.030.15(0.32)0.50本公司之董事會（「董事會」）宣佈，本公司及其附屬公司（統稱「本集團」）截至二零零六年十月三十一日止三個月及六個月之未經審核綜合業績連同去年同期之未經審核比較數字如下：簡明綜合收益表截至二零零六年十月三十一日止三個月及六個月 2 BYFORD IN