hmvod Limited — Earnings Release 2005

Jan 28, 2005

GEM

TAI SHING<08103> - Results Announcement

Tai Shing International (Holdings) Limited announced on 28/01/2005:
(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 31/12/2004      to 31/12/2003
                           Note  ('000      )       ('000      )

Turnover 1 : 12,676 18,301
Profit/(Loss) from Operations 2 : 454 (497)
Finance cost : (140) (16)
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 : (685) (706)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) 3 : (0.0126) (0.0170)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (685) (706)
3rd Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)

B/C Dates for
3rd 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 and integration, 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 integration and consultancy
services, provision of IT engineering and technical support
services, the sales of software and hardware products and the
provision of training courses.

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     Nine months ended
                        31 December           31 December
                      2004        2003        2004       2003
                   HK$'000     HK$'000     HK$'000    HK$'000

Principal activities

Systems development
and integration 8,753 1,056 10,729 9,693
Sales of software and
hardware products - 370 11 3,102
Professional services
fees 393 890 1,769 4,725
Training fees 92 33 167 781

                     9,238       2,349      12,676     18,301

1. Profit / (loss) from operations

Profit / (loss) from operations is stated after charging /
(crediting):

                                    Unaudited
                    Three months ended      Nine months ended
                        31 December            31 December
                       2004       2003         2004      2003
                    HK$'000    HK$'000      HK$'000   HK$'000

Crediting

Interest income - - - 1

Charging

Auditors' remuneration - - 127 145
Depreciation 115 10 129 767
Finance costs -
bank interests 137 2 140 16
Operating lease 122 110 212 1,300
Staff costs 1,825 1,527 5,089 12,791

1. Earning / (loss) per share

The calculation of basic profit per share for the three months and
loss per share for the nine months ended 31 December 2004 were based
on the profit of approximately of HK$473,000 and loss of
approximately of HK$685,000 attributable to the shareholders (2003:
profit of HK$64,000 and loss of HK$706,000) divided by the weighted
average number of 65,615,000 shares and 54,190,709 shares for the
three months and nine months ended respectively (2003: 41,455,000
as restated) in issue during the period.

There were no potential dilutive ordinary shares in issue during
the nine months ended 31 December 2004 and 2003.