ITE HOLDINGS<08092> - Results Announcement (Q2, 2004/2005, Summary)

ITE (HOLDINGS) LIMITED announced on 10/11/2004:
(stock code: 08092 )

Year end date                         :31/03/2005
Currency                              :HKD
Auditors' report                      :N/A
2nd 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 30/09/2004     to 30/09/2003
                                                 $'000             $'000

Turnover                              :         26,263            30,861
Profit/(Loss) from Operations         :        (2,490)           (5,870)
Finance cost                          :          (378)             (371)
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     :        (2,868)           (6,241)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :    (HKD 0.0032)      (HKD 0.0069)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :        (2,868)           (6,241)
2nd Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd 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 interim financial statements (the "Financial Statement")
have been prepared in accordance with Hong Kong Statement of Standard
Accounting Practice 25 "Interim Financial Reporting" issued by the
Hong Kong Institute of Certified Public Accountants, and on a basis
consistent with those followed in the Group's annual financial
statements for the year ended 31 March 2004.
The Financial Statements have been prepared in accordance with all
applicable Statements of Standard Accounting Practice and
Interpretation issued by the Hong Kong Institute of Certified
Public Accountants, accounting principles generally accepted in
Hong Kong and the disclosure requirements of the Hong Kong Companies
The measurement basis used in the preparation of the Financial
Statements is historical 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.
Certain comparative figures have been reclassified to conform with
the current period's presentation.
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$2,868,000 (six
months ended 30 September 2003: approximately HK$6,241,000) and
the weighted average of 907,536,000 ordinary shares (six months
ended 30 September 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 six months ended 30 September 2003.