Profit and Loss Statement
For the year ended 31 December
	2005	2004	Increase/(Decrease)
	US$'000	US$'000	US$'000	%
Revenue	74,892	58,550	16,342	27.9%
Cost of sales	(50,770)	(34,681)	(16,089)	46.4%
Gross profit	24,122	23,869	253	1.1%
Gross profit margin	32.2%	40.8%		-8.6%
Other operating income	184	229	(45)	-19.7%
Sales and marketing expenses	(5,139)	(4,672)	(467)	10.0%
General and administrative expenses
Allowance for doubtful receivables, net	(2,188)	(654)	(1,534)	234.6%
Others	(6,075)	(4,094)	(1,981)	48.4%
	(8,263)	(4,748)	(3,515)	74.0%
Other operating expenses	(48)	(107)	59	-55.1%
	10,856	14,571	(3,715)	-25.5%
Exchange differences	(782)	347	(1,129)	-325.4%
Operating income	10,074	14,918	(4,844)	-32.5%
Operating margin	13.5%	25.5%		12.0%
Finance income/(expenses)
Interest income	512	137	375	273.7%
Interest expenses	(200)	(195)	(5)	2.6%
	312	(58)	370	-637.9%
	10,386	14,860	(4,474)	-30.1%
Share of result of associates	-	-	-	-
Profit before tax	10,386	14,860	(4,474)	-30.1%
Income tax refund/(expenses)	(448)	-	(448)	NM
Profit for the year	9,938	14,860	(4,922)	-33.1%
Net profit margin	13.3%	25.4%		-12.1%
Attributable to:
Equity holders of the parent	10,390	14,782	(4,392)	-29.7%
Minority interests	(452)	78	(530)	-679.5%
	9,938	14,860	(4,922)	-33.1%
Basic and fully diluted earnings per share
US cents	1.4	2.3	(0.9)	-39.1%
NM: Not meaningful