ITE HOLDINGS<08092> - Results Announcement (Q3, 2003/2004, Summary)

ITE (HOLDINGS) LIMITED announced on 09/02/2004:
(stock code: 08092 )

Year end date                         :31/03/2004
Currency                              :HKD
Auditors' report                      :N/A
3rd Quarterly Report Reviewed 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

                                           (Unaudited)       (Unaudited)
                                              Current Last Corresponding
                                               Period             Period
                                       from 01/04/2003   from 01/04/2002
                                         to 31/12/2003     to 31/12/2002
                                                 $'000             $'000

Turnover                              :         47,698            63,105
Profit/(Loss) from Operations         :        (7,660)          (11,019)
Finance cost                          :          (515)             (412)
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     :        (8,175)          (10,983)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :    (HKD 0.009)      (HKD 0.0121)
          Diluted (in dollar)         :            N/A      (HKD 0.0118)
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :        (8,175)          (10,983)
3rd Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 3rd Quarter 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

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
to the Information and undertake to indemnify the Exchange against all
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.

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 except that the Group has adopted the SSAP 12 (revised)
"Income Taxes" issued by the Hong Kong Society of Accountants which
was effective for accounting periods commencing on or after
1 January 2003. The adoption of SSAP 12 (revised) has no material
impact on the Group's financial statements.

Loss per share
(a) Basis loss per share
The calculation of basic loss per share is based on the loss
attributable to shareholders of approximately HK$8,175,000
(nine months ended 31 December 2002: approximately HK$10,983,000)
and the weighted average of 907,536,000 ordinary shares (nine
months ended 31 December 2002: 907,832,073 shares) in issue
during the respective periods.

(b) Diluted loss per share
No diluted loss per share is presented for the Period as there were
no dilutive potential ordinary shares in existence during the Period.
The calculation of diluted loss per share for the nine months ended
31 December 2002 is based on the loss attributable to shareholders
of approximately HK$10,983,000 and the weighted average of
930,647,499 ordinary shares after adjusting for the effects of all
dilutive potential ordinary shares.