Riverhill Holdings Limite<08127> - Yearly Results Announcement
     
Riverhill Holdings Limited announced on 08/10/2002:
(stock code: 8127)
     
Year end date                         :30/06/2002
Currency                              :HKD
Auditors' report                      :Qualified
Review of Quarterly Report by         :N/A
     
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 01/07/2001   from 01/07/2000
                                        to 30/06/2002     to 30/06/2001
                                                $'000             $'000
     
Turnover                              :         4,418            14,229
Profit/(Loss) from Operations         :      (19,416)           (3,984)
Finance cost                          :         (268)                 0
Share of Profit/(Loss) of Associates  :         (331)                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :             0                 0
Profit/(Loss) after Taxation & MI     :      (19,814)           (3,984)
% Change Over the Last Period         :           N/A
EPS / (LPS)
          Basic (in dollar)           :  (HKD 0.0477)       (HKD 0.0129)
          Diluted (in dollar)         :           N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :      (19,814)           (3,984)
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 Annual General Meeting  :           N/A
Other Distribution for Current Period :           NIL
B/C Dates for Other Distribution      :           N/A
                                   
     
                                              For and on behalf of
                                           Riverhill Holdings Limited
                            Signature :
                            Name      :          Yick Chong San
                            Title     :             Director
     
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. Basis of preparation
     
   These financial statements have been prepared in accordance with
   Hong Kong Statements of Standard Accounting Practice, accounting
   principles generally accepted in Hong Kong and the disclosure
   requirements of the Hong Kong Companies Ordinance.  They have
   been prepared under the historical cost convention.
     
2. Turnover
     
   Turnover represents the value of services rendered and the net
   invoiced value of goods sold, after allowances for returns,
   trade discounts and sales tax.
     
3. Loss per share
     
   The calculation of the basic loss per share is based on the net
   loss attributable to shareholders for the year of HK$19,813,552
   (2001: HK$3,984,305) and on the weighted average number of
   415,000,000 (2001: 309,583,333) ordinary shares in issue during
   the year.
 
   The diluted loss per share has not been presented as the
   outstanding options had an anti-dilutive effect on the basic
   loss per share for the year.
     
4. Final dividends
     
   The directors do not recommend the payment of any final dividend
   in respect of the year (2001: Nil).