ITE HOLDINGS<08092> - Results Announcement (Final, 2005/2006, Summary) ITE (HOLDINGS) LIMITED announced on 23/06/2006: (stock code: 08092 ) Year end date :31/03/2006 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 http://www.hkgem.com (Audited) (Audited) Current Last Corresponding Period Period from 01/04/2005 from 01/04/2004 to 31/3/2006 to 31/03/2005 $'000 $'000 Turnover : 65,725 48,470 Profit/(Loss) from Operations : 1,990 (14,880) Finance cost : (1,246) (729) 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 : 594 (15,609) % Change Over the Last Period : N/A EPS / (LPS) Basic (in dollar) : HKD 0.0007 (HKD 0.0172) Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 594 (15,609) 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 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: 1. Basis of preparation of financial statements The financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards ("HKFRSs") issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA") accounting principles generally accepted in Hong Kong and the applicable disclosure required by the GEM Listing Rules and by the Hong Kong Companies Ordinance. These financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain investments which are carried at their fair values. The preparation of financial statements in conformity with HKFRSs requires the use of certain key assumptions and estimates. It also requires management to exercise its judgements in the process of applying the accounting policies. 2. Earnings/(Loss) per share (a) Basic earnings/(loss) per share The calculation of basic earinings/(loss) per share is based on the profit attributable to shareholders of approximately HK$594,000 (2005:loss attributable to shareholders of approximately HK$15,609,000) and the weighted average of 907,536,000 ordinary shares (2005: 907,536,000 ordinary shares) in issue during the year. (b) Diluted earnings/(loss) per share No diulated earnings/(loss) per share is presented for the year as there were no dilutive potential ordinary shares in existence during the years ended 31 March 2006 and 2005. |