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

ITE (HOLDINGS) LIMITED announced on 17/06/2005:
(stock code: 08092 )

Year end date                         :31/03/2005
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

                                             (Audited)         (Audited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/04/2004   from 01/04/2003
                                         to 31/03/2005     to 31/03/2004
                                                 $'000             $'000

Turnover                              :         48,470            61,843
Profit/(Loss) from Operations         :       (14,880)          (11,317)
Finance cost                          :          (729)             (721)
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     :       (15,609)          (12,038)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :   (HKD 0.0172)      (HKD 0.0133)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :       (15,609)          (12,038)
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

Signature :
Name      : Lau Hon Kwong Vincent
Title     : Director

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 Practics ("SSAPs") and
Interpretations issued by the Hong Kong Institute of Certified
Public Accountants ("HKICPA"), 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
historical cost as modified by the revaluation of trading
The HKICPA has issued a number of new and revised Hong Kong
Financial Reporting Standards and Hong Kong Accounting Standards
("new HKFRSs") which are effective for accounting periods beginning
on or after 1 January 2005.
The Company has not early adopted these new HKFRSs in the accounts
for the year ended 31 March 2005. The Company has already commenced
an assessment of the impact of these new HKFRSs but is not yet in
a position to state whether these new HKFRSs would have a
significant impact on its results of operations and financial
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$15,609,000
(2004: approximately HK$12,038,000) and the weighted average of
907,536,000 ordinary shares (2004: 907,536,000 ordinary shares)
in issue during the year.
(b) 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.