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

                                             (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
          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

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.


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.