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

PINE Technology Holdings Limited announced on 21/09/2006:
(stock code: 08013 )

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

                                             (Audited)         (Audited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/07/2005   from 01/07/2004
                                         to 30/06/2006     to 30/06/2005
                                                 $'000             $'000

Turnover                              :        354,217           264,093
Profit/(Loss) from Operations         :          8,446             4,946
Finance cost                          :        (3,565)           (1,805)
Share of Profit/(Loss) of Associates  :          (142)               N/A
Share of Profit/(Loss) of Jointly
         Controlled Entites           :             51                72
Profit/(Loss) after Taxation & MI     :          3,606             2,347
% Change Over the Last Period         :         +53.64%
          Basic (in dollar)           :     USD 0.0053        USD 0.0034
          Diluted (in dollar)         :     USD 0.0053               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :         3,606             2,347
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
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 accounts have been prepared in accordance with Hong Kong Financial
Reporting Standards issued by the Hong Kong Institute of Certified
Public Accountants ("HKICPA") and the applicable disclosure requirements
of GEM Listing Rules and the Companies Ordinance. They have also been
prepared on the historical cost basis, except for certain financial
instruments, which are measured at fair values.
The HKICPA has issued a number of new and revised Hong Kong Financial
Reporting Standards ("HKFRSs"), Hong Kong Accounting Standards ("HKASs")
and interpretations (herein collectively referred to as new HKFRSs)
which are effective for 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 calculation of the basic and diluted earnings per share attributable
to the oridinary equity holders of the parent is based on the following
                                                    2006     2005
                                                  US$'000  US$'000
Earnings for the purposes of basic and diluted
 earnings share
 (profit for the year attributable to
  equity holders of the parent)                     3,606    2,347
                                                 ======== ========
                                                     '000     '000
Weighted average number of ordinary shares for
 the purposes of basic earnings per share         682,786  682,786
Effect of dilutive potential ordinary shares:
 Share options                                      1,229        -
                                                 -------- --------
Weighted average number of ordinary shares for
 the purposes of diluted earnings per share       684,015  682,786
                                                 ======== ========
The share options had no dilutive effect on ordinary shares for the last
year because the exercise prices of the Company's share options were
higher than the average market price for the shares in that year.
Changes in Group's accounting policies during the year have no
significant impact on the amounts reported for earnings per share.