ITE HOLDINGS<08092> - Results Announcement (Q2, 2002/2003, Summary)

ITE (Holdings) Limited announced on 08/11/2002
(stock code: Ord: 08092 )

Year end date                         :31/03/2003
Currency                              :HKD
Auditors' report                      :N/A
Review of 2nd Quarterly Report by     :Audit Committee

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

                                           (Unaudited)       (Unaudited)
                                           Current    Last Corresponding
                                                Period            Period
                                       from 01/04/2002   from 01/04/2001
                                         to 30/09/2002     to 30/09/2001
                                                 $'000             $'000

Turnover                              :        45,540            25,667
Profit/(Loss) from Operations         :        (5,735)            7,381
Finance cost                          :          (230)               (6)
Share of Profit/(Loss) of Associates  :            N/A               N/A
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :        (5,965)            6,245
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :   (HKD 0.0066)        HKD 0.0069
          Diluted (in dollar)         :   (HKD 0.0063)        HKD 0.0065
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :        (5,965)            6,245
2nd Quarterly Dividends per Share     :            NIL        HK0.3 cent
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd Quarterly Dividends :            N/A
Payable Date                          :            N/A
B/C Dates for (-) General Meeting     :            N/A
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A
                                       (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.

Remark:

(Loss)/Earnings per share

Basic (loss)/earnings per share
The calculation of basic loss (2001: earnings) per share for the
Period is based on the loss attributable to shareholders of
approximately HK$5,965,000 (six months ended 30 September 2001:
profit approximately HK$6,245,000) and the weighted average of
907,980,918 ordinary shares (six months ended 30 September 2001:
899,256,765 shares after adjusting for the bonus issue in 2002)
in issue during the respective periods:

Diluted (loss)/earnings per share
The calculation of diluted loss (2001: earnings) per share for the
Period is based on the loss attributable to shareholders of
approximately HK$5,965,000 (six months ended 30 September 2001:
profit approximately HK$6,245,000) and the weighted average of
940,734,972 ordinary shares (six months ended 30 September 2001:
965,862,450 shares after adjusting for the bonus issue in 2002)
after adjusting for the effects of all dilutive potential ordinary
shares.