Yearly Results announcement form 					
					
Name of listed company            : ITE (Holdings) Limited				
					
Stock code                        : 8092				
					
Year end date                     : 31/03/2002				
					
Auditors' report                  :      Qualified			
		                         Modified			
                                      x  Neither			
					
Important Note :
     
This result announcement form only contains extracted information from and
should be read in conjunction with the detailed results announcement of the issuer,
which can be viewed on the GEM website at http://www.hkgem.com
     
Currency: HK$'000
                                             (Audited)        (Audited)
Final Results Announcement                     Current             Last 
                                                          Corresponding
                                                Period           Period
                                       from 01/04/2001  from 01/04/2000
                                         to 31/03/2002    to 31/03/2001
                                               HK$'000          HK$'000
     
Turnover                             :          62,849           45,669
Profit/(Loss) from Operations        :           5,281           19,070
Finance cost                         :             143                8
Share of Profit/(Loss) of Associates :               0                0
Share of Profit/(Loss) of
     Jointly Controlled Entites      :               0                0
Profit/(Loss) after Taxation & MI    :           4,834           16,262
% Change Over the Last Period        :        -70.27 %
EPS / (LPS) - Basic                  :       HK$0.0053        HK$0.0201
            - Diluted                :       HK$0.0050        HK$0.0199
Extraordinary (ETD) Gain/(Loss)      :               0                0
Profit (Loss) after ETD Items        :           4,834           16,262
Final Dividend per Share             :             N/A              N/A
(specify if with other options)      :             N/A              N/A
B/C Dates for Final Dividend         :             N/A to      N/A bdi.
Payable Date                         :                N/A
B/C Dates for AGM/SGM                :             N/A to      N/A bdi.
Other Distribution for Current Period:                N/A
B/C Dates for Other Distribution     :             N/A to      N/A bdi.
                                             (bdi: both days inclusive)
     
                                                 For and on behalf of	
                                                ITE (Holdings) Limited					
                           Signature :			
		           Name      :           Lau Hon Kwong, Vincent	
                           Title     :          Chief Executive Officer	
					
Responsibility statement
					
The directors of the Company (the "Directors") as at the date hereof hereby collectively and 
individually accept full responsibility for the accuracy of the information contained in this 
results announcement form (the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are accurate and complete in all 
material respects and not misleading and that there are no other matters the omission of which 
would make the Information herein inaccurate or misleading.The Directors acknowledge that the 
Stock Exchange has no responsibility whatsoever with regard to the Information and undertake to 
indemnify the Exchange against all liability incurred and all losses suffered by the Exchange 
in connection with or relating to the Information.					
     
Remarks:
     
Basis of preparation
     
  The audited consolidated results have been prepared
  in accordance with all applicable Statements of
  Standard Accounting Practice and Interpretations
  issued by the Hong Kong Society of Accountants,
  accounting principles generally accepted in Hong
  Kong and the disclosure requirements of the Hong
  Kong Companies Ordinance. The measurement basis
  used in the preparation of the audited
  consolidated results is historical cost.
     
Earnings per share
     
  Basis earnings per share
     
    The calculation of basic earnings per share is
    based on the profit attributable to shareholders
    of $4,833,880 (2001: $16,262,425) and the
    weighted average of 903,581,535 ordinary shares
    (2001: 810,485,764 shares after adjusting for
    the bonus issue in 2002) in issue during the year.
     
  Diluted earnings per share
     
    The calculation of diluted earnings per share is
    based on the profit attributable to ordinary
    shareholders of $4,833,880 (2001: $16,262,425)
    and the weighted average number of ordinary
    shares of 968,708,399 shares (2001: 817,245,240
    shares after adjusting for the bonus issue in
    2002) after adjusting for the effects of all
    dilutive potential ordinary shares.