hmvod Limited — Earnings Release 2006

Nov 7, 2005

GEM

TAI SHING<08103> - Results Announcement (Q2, 2005/2006, Summary)

Tai Shing International (Holdings) Limited announced on 04/11/2005:
(stock code: 08103 )

Year end date :31/03/2006
Currency :HKD
Auditors' report :N/A
2nd 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 01/04/2005   from 01/04/2004
                                   to  30/09/2005    to  30/09/2004
                                             $'000             $'000

Turnover : 30,218 3,438
Profit/(Loss) from Operations : 622 (1,160)
Finance cost : (36) (3)
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 : 2,811 (1,158)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD 0.025 (HKD 0.015)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 2,811 (1,158)
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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
Tai Shing International (Holdings) Limited

Signature :
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, sales of software and hardware products,
provision of professional services and provision of training
services. 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 sales 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:

                                     Six months ended
                                       September 30
                                       2005      2004
                                    HK$'000    HK$'000

Principal activities
System development 29,650 1,976
Sales of software and hardware products - 11
Professional services fees 450 1,376
Training fees 118 75
30,218 3,438

2 Profit/(Loss) from operations

Proft/(Loss) from operations is stated after charging /(crediting):
Six months ended
2005 2004
September 30
HK$'000 HK$'000
Auditors' remuneration 100 127
Depreciation 902 14
Finance costs - bank interests 27 3
Operating leases 1,207 90
Staff costs 6,974 3,264
Net exchange (gain)/loss 30 --

3 Earnings/(Loss) per share

The calculation of basic earnings/(loss) per share for the three months
and six months ended 30 September 2005 were based on
the profit attributable to the shareholders of approximately of
HK$1,946,000 and HK$1,843,000 (2004: loss of HK$893,000 and
and HK$1,158,000 divided by the weighted average number of
75,105,000 shares for the three months and six months ended
(2004: 75,105,000 shares as restated) in issue during the period.

There were no potential dilutive ordinary shares in issue during
the three months and six months ended 30 September 2005 and 2004.