ITE HOLDINGS<08092> - Results Announcement (Q3, 2002/2003, Summary)


ITE (HOLDINGS) LIMITED announced on 07/02/2003:
(stock code: 08092)

Year end date                         :31/3/2003
Currency                              :HKD
Auditors' report                      :N/A
Review of 3rd 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 31/12/2002    to 31/12/2001
                                                 $'000            $'000

Turnover                              :         63,105           36,712
Profit/(Loss) from Operations         :       (11,019)            8,422
Finance cost                          :          (412)             (26)
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     :       (10,983)            7,116
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :   (HKD 0.0121)       HKD 0.0079
          Diluted (in dollar)         :   (HKD 0.0118)       HKD 0.0074
Extraordinary (ETD) Gain/(Loss)       :            N/A              N/A
Profit (Loss) after ETD Items         :       (10,983)            7,116
3rd Quarterly Dividends per Share     :            NIL              NIL
(specify if with other options)       :            N/A              N/A
B/C Dates for 3rd 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
                                     

                                       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 accounts have been prepared in accordance with accounting principles
generally accepted in Hong Kong and comply with accounting standards
issued by the Hong Kong Society of Accountants. The accounting policies
adopted are consistent with those set out in the annual financial
statements for the year ended 31 March 2002. The accounts have been
prepared under the historical cost convention as modified for the
revaluation of certain short term investments.

(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$10,983,000 (nine months ended 31 December 2001: profit approximately
HK$7,116,000) and the weighted average of 907,832,073 ordinary shares
(nine months ended 31 December 2001: 902,136,800 shares after adjusting
for the bonus issue in 2002) in issue during the respective periods.

Diluted (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$10,983,000 (nine months ended 31 December 2001: profit approximately
HK$7,116,000) and the weighted average of 930,647,499 ordinary shares
(nine months ended 31 December 2001: 962,978,333 shares after adjusting
for the bonus issue in 2002) after adjusting for the effects of all
dilutive potential ordinary shares.