KING PACIFIC<0072> - Results Announcement

King Pacific International Holdings Limited announced on 29/12/1999:
(stock code: 72)
Year end date: 31/3/2000
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/1999    from 1/4/1998
                                           to 30/9/1999     to 30/9/1998
                                           ('000)           ('000)
Turnover
    - Continuing                         : 1,314,392        853,514
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : 7,719            (43,480)
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 7,719            (43,480)
Share of Profit/(Loss) of
  Associated Companies                   : (222)            (97)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : (3,458)          -
Profit/(Loss) after Tax & MI             : 5,805            (42,458)
% Change over Last Period                : N/A
EPS/(LPS) -Basic                         : 0.71 cent        (6.70 cents)
          -Diluted                       : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 5,805            (42,458)
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : NIL              NIL
B/C Dates for Interim Dividend           : N/A             
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

1. Exceptional Items
                                           Six months ended 30th 
                                                September,
                                           1999             1998
                                           HK$'000          HK$'000
Provisions for permanent diminutions in    -                (14,207)
  values of long term investments
Provision for loans to an associated 
  company                                  -                (11,669)
Provision for diminution in value of an    -                (2,520)
  unlisted investment and non-recovery 
  of the related loans receivable
Mark to market written back for marketable 1,571            (4,037)
  securities
                                           --------------------------
                                           1,571            (32,433)
                                           =========================

2. Earnings/(loss) per share
The basic earnings/(loss) per share for the period and previous period 
have been calculated in accordance with the provisions of Statement of
Standard Accounting Practice No. 5 (revised) "Earnings per share" issued 
by the Hong Kong Society of Accountants in May, 1998.

a. Basic earnings/(loss) per share

The calculation of earnings/(loss) per share is based on the net profit 
attributable to shareholders of HK$5,804,842 (1998 : net loss of 
HK$42,458,000) and the weighted average of 818,418,954 shares
(1998 : 634,031,025 shares) in issue during the period.

b. Diluted earnings/(loss) per share

No diluted earnings per share is presented for the period as there are no 
dilutive potential ordinary shares.

Diluted loss per share for the previous period has not been presented as 
the effect of any dilution is anti-dilutive.