ITE HOLDINGS<08092> - Results Announcement (Final, 2003/2004, Summary) ITE (Holdings) Limited announced on 11/06/2004: (stock code: 08092 ) Year end date :31/03/2004 Currency :HKD Auditors' report :Unqualified 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 01/04/2003 from 01/04/2002 to 31/03/2004 to 31/03/2003 $'000 $'000 Turnover : 61,843 77,302 Profit/(Loss) from Operations : (11,317) (20,799) Finance cost : (721) (582) 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 : (12,038) (21,214) % Change Over the Last Period : N/A EPS / (LPS) Basic (in dollar) : (HKD 0.0133) (HKD 0.0234) Diluted (in dollar) : N/A (HKD 0.0228) Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : (12,038) (21,214) 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 (bdi: both days inclusive) For and on behalf of ITE (Holdings) Limited Signature : Name : Lau Hon Kwong Vincent Title : Chief Executive 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 to the Information and undertake to indemnify the Exchange against all 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 ("SSAP") 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 historial cost as modified by the revaluation of trading securities. The accounting policies used in the preparation of the financial statements are consistent with the previous year except that the Group has adopted the revised SSAP 12 "Income taxes" which became effective for the current financial year. The adoption of the revised statement has not had any material effect on the results for the current year or prior accounting periods. Loss per share Basis loss per share The calculation of basic loss per share is based on the loss attributable to shareholders of approximately HK$12,038,000 (2003: approximately HK$21,214,000) and the weighted average of 907,536,000 ordinary shares (2003: 907,759,068 ordinary shares) in issue during the year. Diluted loss per share No diluted loss per share is presented for the year as there were no dilutive potential ordinary shares in existence during the year. The calculation of diluted loss per share of last year is based on the loss attributable to shareholders of approximately HK$21,214,000 and the weighted average of 930,321,740 ordinary shares after adjusting for the effects of all potential dilutive ordinary shares. |