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

ITE (Holdings) Limited announced on 11/06/2003:
(stock code :08092)

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

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

                                             (Audited)         (Audited)
                                               Current              Last 
                                                           Corresponding
                                                Period            Period
                                       from 01/04/2002   from 01/04/2001
                                         to 31/03/2003     to 31/03/2002
                                                 $'000             $'000

Turnover                              :         77,302            62,849
Profit/(Loss) from Operations         :       (20,799)             5,281
Finance cost                          :          (582)             (143)
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     :       (21,214)             4,834
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :   (HKD 0.0234)        HKD 0.0053
          Diluted (in dollar)         :   (HKD 0.0228)         HKD 0.005
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :       (21,214)             4,834
Final Dividends per Share             :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for Final 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 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 accounts also comply with the applicable
disclosure provisions of the GEM Listing Rules. The measurement basis
used in the preparation of the accounts is historical cost.

(Loss)/Earning per share

Basic (loss)/earning per share
The calculation of basic (loss)/earning per share is based on the loss
attributable to shareholders of approximately HK$21,214,000
(2002: profit of approximately HK$4,834,000) and the weighted average
of 907,759,068 ordinary shares (2002: 903,581,535 shares after adjusting
for the bonus issue in 2002) in issue during the year.

Diluted (loss)/earning per share

The calculation of diluted (loss)/earning per share is based on the loss
attributable to shareholders of approximately HK$21,214,000
(2002: profit of approximately HK$4,834,000) and the weighted average
of 930,321,740 ordinary shares (2002: 968,708,399 shares after adjusting
for the bonus issue in 2002) after adjusting for the effects of all
potential dilutive ordinary shares.