12:55     IDT INT'L<00167> - Results Announcement (1)                         

    IDT International Limited announced on 26/05/2005:                        
    (stock code: 00167 )                                                      
    Year end date: 31/03/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/04/2004    from 01/04/2003   
                                         to 31/03/2005      to 31/03/2004     
                                   Note  ('Million  )       ('Million  )      
    Turnover                           : 2,894.7            2,757.3           
    Profit/(Loss) from Operations      : 200.4              339.0             
    Finance cost                       : (12.9)             (5.2)             
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                1.6               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 130.0              250.8             
    % Change over Last Period          : -48       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.06               0.12              
             -Diluted (in dollars)     : 0.06               0.12              
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 130.0              250.8             
    Final Dividend                     : 5.0 cents          6.0 cents         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 24/08/2005         to 26/08/2005 bdi.
    Payable Date                       : 08/09/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 24/08/2005         to 26/08/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      Adoption of New Hong Kong Financial Reporting Standards           
                                                                              
    The Hong Kong Institute of Certified Public Accountants (the "HKICPA")    
    issued a number of new and revised Hong Kong Financial Reporting Standards
    ("HKFRSs") and Hong Kong Accounting Standards ("HKAS") (hereinafter       
    collectively referred to as "new HKFRS") which are effective for          
    accounting periods beginning on or after January 1, 2005.  The Group has  
    not adopted these new HKFRSs in the financial statements for the year     
    ended March 31, 2005 except for the adoption of HKAS 40 "Investment       
    property" ("HKAS 40").                                                    
                                                                              
    HKAS 40 introduces both cost model and fair value model for the           
    measurement of investment property.  Under the fair value model, HKAS 40  
    requires fair value changes be recognised to the income statement in the  
    period in which they arise.  The Group has elected to apply the fair value
    model in measuring its investment property and recognises the fair value  
    changes to the income statement in the period in which they arise.  As a  
    result of the adoption of HKAS 40, the Group's profit attributable to the 
    shareholders for the year ended March 31, 2005 included an amount of HK$8 
    .4 million, representing the increase in fair value of investment         
    properties in the current period.  There was no effect on the Group's     
    results for the prior accounting periods with respect to the early        
    adoption of HKAS 40.                                                      
                                                                              
    For those new HKFRSs that the Group has not adopted in the financial      
    statements for the year ended March 31, 2005, the Group has commenced     
    considering the potential impact of those new HKFRSs but is not yet in a  
    position to determine whether those HKFRSs would have a significant impact
    on how its results of operations and financial position are prepared and  
    presented.  Those HKFRSs may result in changes in the future as to how the
    results and financial position are prepared and presented.