ITE HOLDINGS<08092> - Results Announcement (Q1, 2006/2007, Summary) ITE (HOLDINGS) LIMITED announced on 11/08/2006: (stock code: 08092 ) Year end date :31/03/2007 Currency :HKD Auditors' report :N/A 1st 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 01/04/2006 from 01/04/2005 to 30/06/2006 to 30/06/2005 $'000 $'000 Turnover : 15,153 15,256 Profit/(Loss) from Operations : 637 431 Finance cost : (319) (181) 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 : 238 250 % Change Over the Last Period : -4.80% EPS / (LPS) Basic (in dollar) : HKD 0.0003 HKD 0.0003 Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 238 250 1st Quarter Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 1st 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 consolidated results have been prepared in accordance with Hong Kong Financial Reporting Standards ("HKFRS") issued by the Hong Kong Institute of Certified Public Accountants, accounting principles generally accepted in Hong Kong and the applicable disclosures required by the GEM Listing Rules and by the Hong Kong Companies Ordinance. The unaudited consolidated results have been prepared under the historial cost convention, as modified by the revaluation of certain investments which are carried at their fair values. The preparation of unaudited consolidated results 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. The accounting policies adopted in preparing the unaudited consolidated results for the three months ended 30 June 2006 are consistent with those followed in the preparation of the Group's annual financial statements for the year ended 31 March 2006. Earnings per share Basic earnings per share The calculation of basic earnings per share is based on the profit attributable to shareholders of approximately HK$238,000 (three months ended 30 June 2005: approximately HK$250,000) and the weighted average of 907,536,000 ordinary shares (three months ended 30 June 2005: 907,536,000 shares) in issue during the respective periods. Diluted earnings per share No diluted earnings per share is presented as there were no dilutive potential ordinary shares in existence during the Period and for the three months ended 30 June 2005. |