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. |