ITE HOLDINGS<08092> - Results Announcement (Q1, 2003/2004, Summary) ITE (HOLDINGS) LIMITED announced on 11/08/2003: (stock code: 08092) Year end date :31/03/2004 Currency :HKD Auditors' report :N/A Review of 1st 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 01/04/2003 from 01/04/2002 to 30/06/2003 to 30/06/2002 $'000 $'000 Turnover : 14,554 23,808 Profit/(Loss) from Operations : (3,254) (2,752) Finance cost : (173) (81) 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 : (3,427) (2,833) % Change Over the Last Period : N/A EPS / (LPS) Basic (in dollar) : (HKD 0.0038) (HKD 0.0031) Diluted (in dollar) : N/A (HKD 0.003) Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : (3,427) (2,833) 1st Quarterly Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 1st 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 all applicable Statements of Standard Accounting Practice and Interpretations issued by the Hong Kong Society of Accountants, accounting principles generally accept in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance. The measurement basis used in the preparation of the accounts is historical cost. The accounting policies adopted are consistent with those set out in the annual financial statements for the year ended 31 March 2003. Loss per share (a) Basic loss per share The calculation of basic loss per share for the Period is based on the loss attributable to shareholders of approximately HK$3,427,000 (three months ended 30 June 2002: approximately HK$2,833,000) and the weighted average of 907,536,000 ordinary shares (three months ended 30 June 2002: 907,996,000 shares) in issue during the respective periods. (b) Diluted loss per share No diluted loss per share is presented for the three months ended 30 June 2003 as there were no dilutive potential ordinary shares in existence during the Period. The calculation of diluted loss per share for the three months ended 30 June 2002 is based on the loss attributable to shareholders of approximately HK$2,833,000 and the weighted average of 943,377,002 ordinary shares after adjusting for the effects of all dilutive potential ordinary shares. |