hmvod Limited — Earnings Release 2006

Jun 28, 2006

GEM

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

Tai Shing International (Holdings) Limited announced on 27/6/2006:
(stock code: 08103 )

Year end date :31/03/2006
Currency :HKD
Auditors' report :Unqualified

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

                                         (Audited)         (Audited)
                                          Current Last Corresponding
                                           Period            Period
                                   from 01/04/2005   from 01/04/2004
                                     to 31/03/2006     to 31/03/2005
                                             $'000             $'000

Turnover : 72,556 30,347
Profit/(Loss) from Operations : 14,823 (765)
Finance cost : (64) (496)
Share of Profit/(Loss) of Associates : N/A 1,286
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 11,441 (1,999)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD 14.6 (HKD 3.5)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 11,441 (1,999)
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final 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 : Li Wenli
Title : CEO

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. REVENUE

An analysis of the Group's revenue, which is also the Group's
turnover, for the year is as follows:

                                       2006          2005
                                    HK$'000       HK$'000

Continuing operations
Systems development 61,220 20,567
Software and hardware products 258 1,754
Professional service fees 11,078 8,026
______ ______
72,556 30,347
Discontinued operation
Training fees 191 191
______ ______
72,747 30,538
====== ======

1. PROFIT/(LOSS) FOR THE YEAR

Profit/(Loss) for the year has been arrived at after charging:

                                       2006          2005
                                    HK$'000       HK$'000

Depreciation 2,073 630

Loss on disposal of fixed assets 740 -

Auditors' remuneration
Current year 680 247
Overprovision for prior year (50) -
_____ _____
630 247
_____ _____

Minimum lease payments under operating
leases on land and buildings 2,043 178

Directors' emoluments 750 586

Employee benefit expenses (excluding
directors' emoluments)
Wages and salaries 18,867 7,667
Retirement benefits scheme
contributions 1,219 488
______ _____
20,086 8,155
====== =====

1. EARNINGS/(LOSS) PER SHARE

(a) Basic earnings/(loss) per share

From continuing and discontinued operations

The calculation of basic earnings/(loss) per share attributable
to equity holders of the Company is based on the profit
attributable to equity holders of the Company of approximately
HK$11,441,000 (2005: loss of approximately HK$1,999,000)
and the weighted average number of 78,587,740 (2005: 57,565,874)
ordinary shares in issue during the year.

From continuing operations

The calculation of basic earnings/(loss) per share from
continuing operations attributable to equity holders of the
Company is based on the profit attributable to equity holders of
the Company of approximately HK$11,312,000 (2005: loss of
approximately HK$2,127,000) and the weighted average number of
78,587,740 (2005: 57,565,874) ordinary shares in issue during the year.

From discontinued operation

Basic earnings per share for the discontinued operation is
0.2 HK cents per share (2005: 0.2 HK cents per share) based on the
profit for the year from discontinued operation of approximately
HK$129,000 (2005: HK$128,000) and the weighted average number of
78,587,740 (2005: 57,565,874) ordinary shares in issue during the year.

(b) Diluted earnings/(loss) per share

There were no dilutive potential shares in issue during the years
ended 31 March 2006 and 2005, accordingly, no diluted earnings/(loss)
per share has been presented.