hmvod Limited — Earnings Release 2005

Jun 27, 2005

GEM

TAI SHING<08103> - Results Announcement

Tai Shing International (Holdings) Limited announced on 24/06/2005:
(stock code: 08103 )
Year end date: 31/03/2005
Currency: HKD
Auditors' Report: Unqualified

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

                                                    (Audited   )
                                 (Audited   )       Last
                                 Current            Corresponding
                                 Period             Period
                                 from 01/04/2004    from 01/04/2003
                                 to 31/03/2005      to 31/03/2004
                           Note  ('000      )       ('000      )

Turnover 1 : 30,538 18,150
Profit/(Loss) from Operations 2 : 649 (6,294)
Finance cost 2 : (496) (17)
Share of Profit/(Loss) of
Associates : 1,286 0
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (1,999) (6,932)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) 3 : (0.035) (0.1662)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (1,999) (6,932)
Final Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)

B/C Dates for
Final 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, sales of software and hardware products, training and
technical support 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.

The amount of each significant category of revenue recognised in
turnover during the year is as follows:

                   2005                 2004                
                HK$'000              HK$'000

Systems development 20,567 10,452
Sales of software 1,754 1,142
and hardware
products
Professional 8,026 5,704
service
fees
Training fees 191 852

                 30,538               18,150

1. PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAXATION

Loss from ordinary activities before taxation is arrived at after charging:

                               2005            2004           
                            HK$'000         HK$'000

(a) Finance costs:
Interest on 496 17
bank
overdrafts and
other
borrowings
repayable
within five
years

(b) Staff costs:
Salaries, 7,667 15,350
wages and
other
benefits
Retirement 218 -
costs

                              7,885          15,350

(c) Other items
Costs of 22,246 14,807
services and
merchandise
sold
Research and 1,855 623
development
costs
Operating 178 1,737
lease rentals
- properties
Auditors' 247 325
remuneration
Depreciation 193 775
Loss on - 294
disposal of
subsidiaries
Provision for - 379
diminution in
value against
investment
securities

1. LOSS ATTRIBUTABLE TO THE SHAREHOLDERS

The loss attributable to the shareholders includes a loss of
HK$2,100,000 (2004: HK$10,063,000) which has been dealt with in the
financial statements of the Company.