Corgi International Limited Announces Financial Results for the Six Months Ended September 30, 2006.HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. -- Corgi corgi: see Cardigan Welsh corgi; Pembroke Welsh corgi. International Limited (Nasdaq GM:CRGI CRGI Capital Research Global Investors ) is releasing unaudited financial results for the six months ended September 30, 2006 to comply with Nasdaq requirements. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael Cookson commented, "As previously announced, since the end of September, Corgi has undertaken several significant transactions including the divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of its manufacturing division, the acquisition of Cards Inc., the merger with Master Replicas Master Replicas (sometimes just MR) is a company that makes replicas for various licenses. They started making replicas of lightsabers from Star Wars Product Lines Inc., and the closing of a $17.6 million financing." Cookson continued, "The financial statements we are providing today do not reflect those events. Corgi provided financial guidance on February 20, 2007 for the fiscal year ending March 31, 2008. That guidance is unchanged. Corgi plans to issue pro forma financial statements Pro forma financial statements A firm's financial statements as adjusted to reflect a projected or planned transaction. "What-if" analysis. that more closely reflect its current operations and the foregoing transactions in connection with its upcoming registration statement to register the Company's American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. issued in the Master Replicas merger and the financing." About Corgi International Corgi International develops and markets a wide variety of both licensed and unlicensed collectible products - ranging from high end prop replicas This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. to toys and gifts. The company holds licenses for many of the top film franchises of all time, including Batman, Harry Potter, James Bond, Star Trek  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. , Star Wars, Superman Supermaninvincible scourge of crime. [Comics: Horn, 642–643] See : Crime Fighting Superman superhero under guise of Clark Kent, mild-mannered reporter. and others. The company is headquartered in Hong Kong, with offices in Walnut Creek Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , CA, Chicago, IL, and the United Kingdom. Caution Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain statements in this release are forward-looking, including statements concerning anticipated revenues and margins. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, in addition to those discussed above and without limitation, changes in market demand for Corgi International products, changes in economic conditions, dependence on certain customers and licensing partners, and other risks described in the company's annual report on Form 20-F for the fiscal year ended March 31, 2006. The company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
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CORGI INTERNATIONAL LIMITED AND SUBSIDIARIES >
Consolidated Statements of Operations >
(US dollars in thousands, except share data) >
>
>
(Unaudited)
>
Six months ended
>
Sep 30, 2006
>
Net sales > $
19,035
Cost of goods sold >
(8,140)
Gross profit >
10,895
Selling, general, and administrative expenses >
(9,881)
Operating income (loss) >
1,014
Other income (expense): >
Interest income >
19
Interest expense >
(260)
Other (loss) income >
(343)
Income (loss) before income taxes >
430
Income tax benefit >
--
Income (loss) from continuing operations >
430
Loss from discontinued operations, net of tax >
(5,856)
Loss before extraordinary items >
(5,426)
Extraordinary gain, net of nil tax >
--
Net loss > $
(5,426)
>
Loss per common share: >
Basic: >
Income (loss) from continuing operations >
0.04
Loss from discontinued operations >
(0.58)
Extraordinary gain >
--
Net loss > $
(0.54)
>
Diluted: >
Income (loss) from continuing operations >
0.04
Loss from discontinued operations >
(0.58)
Extraordinary gain >
--
Net loss > $
(0.54)
>
Weighted average number of common shares outstanding: >
Basic >
10,176,943
Diluted >
10,176,943
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