PINE TECHNOLOGY<08013> - Results Announcement (Q2, 2005/2006, Summary)

PINE Technology Holdings Limited announced on 27/1/2006:
(stock code: 08013 )

Year end date                         :30/06/2006
Currency                              :USD
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

                                           (Unaudited)       (Unaudited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/07/2005   from 01/07/2004
                                         to 31/12/2005     to 31/12/2004
                                                 $'000             $'000

Turnover                              :        174,308           126,375
Profit/(Loss) from Operations         :          2,491             1,771
Finance cost                          :        (1,259)             (798)
Share of Profit/(Loss) of Associates  :             51               N/A
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               (4)
Profit/(Loss) after Taxation & MI     :          1,259               844
% Change Over the Last Period         :         +49.17%
          Basic (in dollar)           :    USD 0.00184       USD 0.00124
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :          1,259               844
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
PINE Technology Holdings Limited

Signature :
Name      : Chiu Hang Tai
Title     : Director

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.

1. Basis of presentation
The unaudited consolidated results of the Group have been prepared
in accordance with accounting principles generally accepted in Hong
Kong and the applicable disclosure requirements of GEM Listing Rules.
They have also been prepared under the historical cost convention,
modified for the revaluation of certain investments in securities.
The Hong Kong Institute of Certified Public Accountants has issued
a number of new and revised Hong Kong Financial Reporting Standards
("HKFRS") and Hong Kong Accounting Standards ("HKAS") herein
collectively referred to as HKFRSs which are generally effective for
the accounting periods beginning on or after 1 January 2005. The
adoption of the new HKFRS has no material effect on the Group's
financial statements.
2. Earnings per share
The share options have no dilutive effect on ordinary shares for the
Half-Yearly Period, the corresponding half-yearly period and
quarterly period in 2004 because the exercise price of the Company's
share options was higher than the average market price of shares for
the period.
The calculation of the basic earnings per share for the Half-Yearly
Period, the Quarterly Period, the corresponding half-yearly period
and quarterly period in 2004, and diluted earnings per share for the
Quarterly Period are based on the following data:
                                  Six months ended  Three months ended
                                     31 December        31 December
                                     2005     2004     2005     2004
                                      US$      US$      US$      US$
Earnings for the purpose of:
 basic and diluted
 earnings per share             1,259,000  844,000  850,000  606,000
                                =========  =======  =======  =======
Number of ordinary shares
 for the purpose of
 basic earnings
 per share ('000 shares)          682,786  682,786  682,786  682,786
Effect of dilutive potential
 ordinary share in respect of
 - Share options ('000 shares)        N/A      N/A      503      N/A
                                  -------- -------- -------- --------
Weighted average number of
 ordinary shares for the
 purpose of diluted earnings
 per share ('000 shares)              N/A      N/A   683,289     N/A
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