hmvod Limited — Earnings Release 2005

Aug 12, 2004

GEM

TAI SHING<08103> - Results Announcement

Tai Shing International (Holdings) Limited announced on 12/08/2004:
(stock code: 08103 )
Year end date: 31/03/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

Important Note:

This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com

                                                    (Unaudited )
                                 (Unaudited )       Last
                                 Current            Corresponding
                                 Period             Period
                                 from 01/04/2004    from 01/04/2003
                                 to 30/06/2004      to 30/06/2003 
                           Note  ('000      )       ('000      )

Turnover 1 : 1,772 11,900
Profit/(Loss) from Operations 2 : (263) (188)
Finance cost : (2) (10)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (265) (198)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) 3 : (0.0064) (0.0048)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (265) (198)
1st Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)

B/C Dates for
1st Quarter Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period

B/C Dates for Other
Distribution : N/A

For and on behalf of 
Tai Shing International (Holdings) Limited

Name : Luk Yat Hung
Title : Chairman

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. Turnover

The principal activities of the Group are the provision of systems
development, sale of software and hardware products, provision of
professional services and provision of training. Turnover represents
income arising from the provision of systems development and consultancy
services, provision of IT engineering and technical support services,
provision of training courses and the sale of software and hardware
products.

An analysis of the turnover by principal activities of the operations of
the Group during the reporting periods is as follows:

                                        Unaudited  
                                   Three months ended  
                                         30 June  
                                     2004      2003  
                                  HK$'000      HK$'000

Principal activities

System development 902 7,226
Sale of software and hardware products 11 2,517
Professional services fees 818 1,811
Training fees 41 346

                                    1,772       11,900

1. Loss from operations

Loss from operations is stated after charging/(crediting):

                                          Unaudited  
                                     Three months ended  
                                           30 June  
                                        2004      2003  
                                     HK$'000      HK$'000

Crediting

Interest income - 1

                                           -            1

Charging

Staff costs 1,761 6,945
Operating lease 42 708
Auditors' remuneration - 120
Loss on disposal of fixed assets - 5
Depreciation 7 459

1. Loss per share

The calculation of basic loss per share for the three months 30 June
2004 was based on the loss attributable to the shareholders of
approximately of HK$265,000 (2003: HK$198,000) divided by the weighted
average number of 41,717,800 (2003 : 41,455,000 as restated) shares in
issue during the period.

There were no potential dilutive ordinary shares in issue during the
three months ended 30 June 2004 and 2003.