ITE HOLDINGS<08092> - Results Announcement (Q3, 2004/2005, Summary)

ITE (HOLDINGS) LIMITED announced on 31/01/2005:
(stock code: 08092 )

Year end date                         :31/03/2005
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 01/04/2004   from 01/04/2003
                                         to 31/12/2004     to 31/12/2003
                                                 $'000             $'000

Turnover                              :         39,040            47,698
Profit/(Loss) from Operations         :        (3,040)           (7,660)
Finance cost                          :          (572)             (515)
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     :        (3,612)           (8,175)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :    (HKD 0.004)       (HKD 0.009)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :        (3,612)           (8,175)
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
                                       (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 accounts 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 accounts
is historical cost as modified by the revaluation of trading
securities. The accounting policies used in the preparation of the
accounts 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$3,612,000 (nine
months ended 31 December 2003: approximately HK$8,175,000) and
the weighted average of 907,536,000 ordinary shares (nine months
ended 31 December 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 nine months ended 31 December 2003.