-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GN52SZS4x3z/TmMFGoRaDwVglq+iMUSQpMldcUALxXKKWlVyjz0BICmfzuAGYjm6 Mls/gb+FX60IYjiejzJCPg== 0001050502-03-000639.txt : 20030818 0001050502-03-000639.hdr.sgml : 20030818 20030818132828 ACCESSION NUMBER: 0001050502-03-000639 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030818 FILED AS OF DATE: 20030818 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BONSO ELECTRONICS INTERNATIONAL INC CENTRAL INDEX KEY: 0000846546 STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590] IRS NUMBER: 000000000 STATE OF INCORPORATION: K3 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17601 FILM NUMBER: 03852485 BUSINESS ADDRESS: STREET 1: UNIT 1106-1110, STAR HOUSE, 3 SALISBURY STREET 2: ROAD, TSIMSHATSUI, KOWLOON CITY: HONG KONG STATE: K3 BUSINESS PHONE: 01185226055822 MAIL ADDRESS: STREET 1: UNIT 1106-1110, STAR HOUSE, 3 SALISBURY STREET 2: ROAD, TSIMSHATSUI, KOWLOON CITY: HONG KONG STATE: K3 6-K 1 bonso8-18.txt 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For August 18, 2003 BONSO ELECTRONICS INTERNATIONAL INC. ------------------------------------ (Translation of Registrant's name into English) Unit 1106-1110, 11/F., Star House 3 Salisbury Road, Tsimshatsui Kowloon, Hong Kong ------------------------------ (Address of principal executive offices) [Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.] Form 20-F [X] Form 40-F [ ] [Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.] Yes [ ] No [X] Bonso Q1 F2004 BONSO ELECTRONICS REPORTS RECORD SALES AND IMPROVED EARNINGS FOR FIRST QUARTER HONG KONG, August 15, 2003 - Bonso Electronics International Inc. (NASDAQ:BNSO) today reported financial results for the first fiscal quarter, ended 30 June 2003. Quarterly revenues jumped 98% to $20,045,000 over last year's $10,118,000. Net income increased 36% to $708,000 or $0.12 per share compared to $522,000 and $0.09 per share for the same period last year. "I am pleased to report our improved sales, which shows increases in almost all aspects of our business" said Mr. Anthony So, Bonso Chairman, CEO and President. The increase in sales is also attributable to Gram Precision's contribution to revenue, which because of the August 2002 acquisition date, did not contribute to Bonso's fiscal first quarter of 2003. Greater than 90% of the sales increase was from internal growth with the remainder from past acquisition activities. Mr. So stated "Although our record sales show that the demand for our products and services remain strong with existing and new customers, we must continue to work on improving our gross profit margins which are not keeping up with the rate of sales growth." ABOUT BONSO ELECTRONICS Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of telecommunications products, electronic scales and weighing instruments and health care products. Bonso products are manufactured in the People's Republic of China on behalf of customers primarily located in North America and Europe. Company services include product design and prototyping, production tooling, procurement of components, total quality management, and just-in-time delivery. For further information, visit the company's web site at http://www.bonso.com . FINANCIAL SUMMARY (US $ ,000) For the Three Months Ended June 30 2003 2002 ---- ---- (unaudited) (unaudited) Revenues 20,045 10,118 Gross Profit 3,816 2,869 Income from Operations 767 650 Income from Operations & Minority 650 522 Interest Income Tax Credit (exp) 81 0 Net Income before Minority Interest 731 522 Minority Interest (23) 0 Net Income 708 522 Earning per share ($) 0.12 0.09 Adjusted Weighted Average Shares 5,689,159 5,591,891 US contact: George OLeary 949 760 9611; 949 760 9607 (FAX) Hong Kong Contact: Cathy Pang (852) 2605 5822; (852) 2691 1724 (FAX) The statements contained in the press release which are not historical facts are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BONSO ELECTRONICS INTERNATIONAL, INC. (Registrant) Date: August 18, 2003 By: /s/ Henry F. Schlueter --------------- --------------------------- Henry F. Schlueter, Assistant Secretary -----END PRIVACY-ENHANCED MESSAGE-----