M TEL<08266> - Results Announcement (Q2, 2006/2007, Summary)



Mobile Telecom Network (Holdings) Limited announced on 03 November 2006:
(stock code: 08266 )

Year end date                         :31/03/2007
Currency                              :HKD
Auditors' report                      :N/A
2nd Quarterly Report Reviewed by      :Audit Committee & Auditors

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

                                           (Unaudited)       (Unaudited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/04/2006   from 01/04/2005
                                         to 30/09/2006     to 30/09/2005
                                                 $'000             $'000

Turnover                              :         13,170             8,375
Profit/(Loss) from Operations         :          7,954           (1,485)
Finance cost                          :            (5)              (65)
Share of Profit/(Loss) of Associates  :            144               (5)
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            (1)               N/A
Profit/(Loss) after Taxation & MI     :          7,702           (1,209)
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :     HKD 0.0163      (HKD 0.0026)
          Diluted (in dollar)         :      HKD 0.016               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :         7,702            (1,209)
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
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) Earning Per Share
	
The calculation of the basic earning per share is based on the profit
attributable to the equity holders of the Company for the six months
period ended of approximately HK$ 7,702,000 (2005: loss of
approximately HK$ 1,209,000), and on the weighted average number of
approximately 472,811,363 ordinary shares (2005: 458,771,851 ordinary
shares)in issue during the six months period ended 30 September 2006.
	
The calculation of diluted earning per share is based on the profit
attributable to the equity holders of the Company for the six months
period ended of approximately HK$ 7,702,000. The weighted average
number of shares used in calculation is 483,069,476 ordinary shares
in issue during the six months period ended 30 September 2006.
	
A diluted loss per share amount for the six months period
30 September 2005 has not been disclosed as share options outstanding
during the period had anti-dilutive effects on the basic loss per share
for the period.
	
2) Basis Of Preparation And Accounting Policy
	
The unaudited condensed consolidated financial statements of the
Company have been prepared in accordance with Hong Kong Accounting
Standards ("HKAS") 34:Interim Financial Reporting, which also include
Hong Kong Financial Reporting Standards ("HKFRS") 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 unaudited condensed consolidated financial statements have been
prepared under the historical cost convention.
	
These unaudited condensed consolidated financial statements should
be read in conjunction with the 2006 annual financial statements.