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

                                           (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%
          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

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 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.