12:56     IDT INT'L<00167> - Results Announcement (2)                         

                                                                              
    2.      Earnings per share                                                
                                                                              
    The calculation of the basic and diluted earnings per share for the year  
    is based on the following data:                                           
                                                                              
                                                                              
                                                    Year ended                
                                                    March 31,                 
                                            2005            2004              
                                            HK$'m           HK$'m             
                                                                              
    Net profit attributable to shareholders and earnings for the purposes of  
    basic earnings per share                                                  
                                                                              
                                            130.0           250.8             
                                                                              
    Effect of dilutive potential ordinary shares:                             
    Adjustment to the share of profits of a subsidiary based on dilution of   
    its earnings per share                                                    
                                                                              
                                             (0.1)           (0.2)            
                                            ------------------------          
    Earnings for the purposes of diluted earnings per share                   
                                            129.9           250.6             
                                            ========================          
    Number of ordinary shares:                                                
                                                                              
    Weighted average number of ordinary shares for the purposes of basic      
    earnings per share                                                        
                                    2,084,417,430   2,077,505,100             
    Effect of dilutive potential ordinary shares: Share options               
                                        3,147,070       5,255,353             
                                    ------------------------------            
    Weighted average number of ordinary shares for the purposes of diluted    
    earnings per share                                                        
                                                                              
                                    2,087,564,500   2,082,760,453             
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