M TEL<08266> - Results Announcement (Final, 2005/2006, Summary)


Mobile Telecom Network (Holdings) Limited announced on 29 May 2006:
(stock code: 08266 )

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                              :         20,982            20,950
Profit/(Loss) from Operations         :        (1,023)           (3,583)
Finance cost                          :           (74)             (237)
Share of Profit/(Loss) of Associates  :             64              (33)
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            (4)               N/A
Profit/(Loss) after Taxation & MI     :        (1,322)           (4,167)
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :   HKD (0.0028)      HKD (0.0094)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :        (1,322)           (4,167)
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 ERIC
Title     : COMPANY SECRETARY

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) Loss Per Share
	
The calculation of the basic loss per share is based on the loss
attributable to shareholders for the year of approximately HK$1,322,000
(At restated 2005: HK$4,167,000), and on the weighted average number of
approximately 465,772,375 shares (2005: 441,270,039 shares)
in issue during the year.
	
A diluted loss per share amount for the year ended 31st March 2006
and 2005 has not been disclosed as share options and convertible notes
outstanding during the year had anti-dilutive effects on the basic
loss per share for the year.
	
2) Basic of Preparation
	
The consolidated financial statements of the Company have been prepared
in accordance with Hong Kong Financial Reporting Standards ("HKFRS"),
which also include Hong Kong Accounting Standards ("HKAS") and
Interpretations ("Int") issued by the Hong Kong Institute of
Certified Public Accountants, accounting principles generally accepted
in Hong Kong and the disclosure requirements of the Hong Kong
Companies Ordinance. The consolidated financial statements have
been prepared under the historical cost convention.
	
The preparation of financial statements in conformity with HKFRS
requires the use of certain critical accounting estimates.
It also requires management to exercise its judgement in the process
of applying the Group's accounting policies.  The areas involving
a higher degree of judgement or complexity, or areas where assumptions
and estimates are significant to the consolidated financial statements,
are disclosed in Note 4 of the report of the financial statements.
	
The adoption of new / revised HKFRS
As described in 2005 financial statements, with effective 1st April
2005, the Group had elected to early adopt HKFRS 3
"Business combinations", HKAS 36 "Impairment of assets"
and HKAS 38 "Intangible assets". The effect of the adoption
of the above revised HKFRS ad been disclosed in the 2005
financial statements.
	
In 2006, the Group adopted the new / revised standards and
interpretations of HKFRS below, which are relevant to its operations.
The 2005 comparatives have been amended as required, in accordance with
the relevant requirements.
	
HKAS 1 Presentation of Financial Statements
HKAS 7 Cash Flow Statements
HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
HKAS 10 Events after the Balance Sheet Data
HKAS 16 Property, Plant and equipment
HKAS 17 Leases
HKAS 21 The Effects of Changes in Foreign Exchange Rates
HKAS 24 Related Party Disclosures
HKAS 27 Consolidated and Separate Financial Statements
HKAS 28 Investments in Assoicates
HKAS 31 Investments in Joint Ventures
HKAS 32 Financial Instruments: Disclosures and Presentation
HKAS 33 Earnings per Share
HKAS 39 Financial Instruments: Recognition and Measurement
HK(SIC)- Int 12 Scope of HK(SIC) - Int 12 Consolidation
       - Special Purpose Entities
HK(SIC)- Int 15 Operating Leses - Incentives
HKFRS 2 Share-based Payments
	
The adoption of new / revised HKASs 1, 7, 8, 10, 16, 17, 21, 24, 27,
28, 31, 33 and HK(SIC)-Ints 12 and 15 did not result in substantial
changes to the Group's accounting policies.