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 http://www.hkgem.com (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 EPS / (LPS) 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 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 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 Ordinance. 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. |