ITE HOLDINGS<08092> - Results Announcement (Q1, 2004/2005, Summary)

ITE (HOLDINGS) LIMITED announced on 11/08/2004:
(stock code: 08092 )

Year end date                         :31/03/2005
Currency                              :HKD
Auditors' report                      :N/A
1st 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 01/04/2004   from 01/04/2003
                                         to 30/06/2004     to 30/06/2003
                                                 $'000             $'000

Turnover                              :         11,966            14,554
Profit/(Loss) from Operations         :        (2,213)           (3,254)
Finance cost                          :          (184)             (173)
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     :        (2,397)           (3,427)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :   (HKD 0.0026)      (HKD 0.0038)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :        (2,397)           (3,427)
1st Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 1st 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
                                       (bdi: both days inclusive)

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
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.

Basis of preparation
The unaudited consolidated results 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 measurement basis used in the preparation of the unaudited
consolidated results is historial cost as modified by the
revaluation of trading securities. The accounting policies used in
the preparation of the unaudited consolidated results are consistent
with the previous year.
Loss per share
(a) Basic loss per share
The calculation of basic loss per share is based on the loss
attributable to shareholders of approximately HK$2,397,000
(three months ended 30 June 2003: approximately HK$3,427,000)
and the weighted average of 907,536,000 ordinary shares (three
months ended 30 June 2003: 907,536,000 shares) in issue during the
respective periods.
(b) Diluted loss per share
No diluted loss per share is presented as there were no dilutive
potential ordinary shares in existence during the Period and for
the three months ended 30 June 2003.