M TEL<08266> - Results Announcement (Final, 2004/2005, Summary)

Mobile Telecom Network (Holdings) Limited announced on 31 May 2005:
(stock code: 08266 )

Year end date                         :31/03/2005
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

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

Turnover                              :         20,950            11,534
Profit/(Loss) from Operations         :        (3,583)           (8,426)
Finance cost                          :           (50)              (51)
Share of Profit/(Loss) of Associates  :           (33)                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :        (3,980)           (8,544)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :     (HKD 0.009)      (HKD 0.0199)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :        (3,980)           (8,544)
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
Mobile Telecom Network (Holdings) Limited

Signature :
Name      : FOK CHI TAK

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 preparation

The consolidated financial statements are prepared in accordance with
Hong Kong Financial Reporting Standards (which also included Hong Kong
Statements of Standard Accounting Practice and Interpretations) issued
by the Hong Kong Institute of Certified Public Accountants, accounting
principles generally accepted by Hong Kong and the disclosure
requirements of Hong Kong Companies Ordinance. They have been prepared
under the historical cost convention.

2.      Turnover

                                              For the     For the
                                              year        year
                                              ended 31    ended 31
                                              March       March
                                              2005        2004
                                              HK$'000     HK$'000

Sales of MobileSurf-installed pocket                -         468
personal computers and computer accessories

Subscription fees from provision of                 6          39
MobileSurf service

Service fees from provision of mobile data     20,944       10,736
solutions and related services

Fees for development of customised software         -         220
Fees for provision of mobile messaging              -          71
                                               20,950       11,534
3.      Taxation
The Company was incorporated in the Cayman Islands as an exempted
company with limited liability under the Companies Law of the
Cayman Islands and, accordingly, is exempted from the Cayman Islands
income tax. Subsidiaries incorporated in the Bistish Virgin Islands
were exempted companies with limited liability under the Companies
Law of the British Virgin Islands and, accordingly, are exempted from
the British Virgin Islands income tax.
No provision for Hong Kong profits tax and overseas (Australia,
Malaysia, Singapore, Taiwan, the USA, Thailand and South Africa)
income taxes has been made as the Group had no assessable profits
during the year (2004: Nil).
4.     Dividends

No dividend was paid or declared by the Company or any of its
subsidiaries during the year (2004: Nil)
5.      Loss per share

The calculation of basic loss per share is based on the loss
attributable to shareholders for the year of approximately
HK$3,980,000 (2004: HK$8,544,000) and on the weighted average
number of approximately 441,270,039 shares (2004: 428,547,945 shares)
in issue during the year.
No diluted loss per share for the years ended 31 March 2005
and 2004 were presented as the outstanding share options
were anti-dilutive.