ALPHA GENERAL<0073> - Results Announcement

Alpha General (Holdings) Limited announced on 21/7/2000:
(stock code: 73)
Year end date: 31/3/2000
Currency: HK Dollars                                        (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/1999    from 1/4/1998
                                           to 31/3/2000     to 31/3/1999
             
Turnover
    - Continuing                         : 572,223,000      681,974,000
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : 30,964,000       36,166,000
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 30,964,000       36,166,000
Share of Profit/(Loss) of
  Associated Companies                   : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax
  & MI                                   : 27,192,000       30,156,000
% Change over Last Period                : -9.83%
EPS/(LPS)-Basic                          : 7.8 cents        9.3 cents
         -Diluted                        : 7.6 cents        N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 27,192,000       30,156,000
Final Dividend per Share                 : 0.25 cent        0.25 cent
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 19/9/2000 to 25/9/2000 bdi.
Payable Date                             : 25/10/2000
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : Nil
B/C Dates for Other Distribution         : -

Remarks:

(1) EARNINGS PER SHARE

The calculation of the basic and diluted earnings per share is based on 
the following data:

                                                2000            1999
                                                ----            ----
                                                HK$'000         HK$'000
Earnings for the purposes of basic and 
diluted earnings per share                      

Profit for the year                             27,192          30,156
                                                ======          ======

Weighted average number of ordinary shares 
for the purpose of basic earnings per share  3,499,108,900  3,236,016,000

Effect of dilutive potential ordinary shares :
Share options                                   56,909,490      -
                                             ----------------------------
Weighted average number of ordinary shares
for the purposes of diluted earnings per 
share                                        3,556,018,390  3,236,016,000
                                             ============================

The weighted average number of ordinary shares for the purposes of basic 
and diluted earnings per share have been adjusted for the share split on 
April 3, 2000.

The computation of the diluted earnings per share in 2000 does not assume 
the exercise of the Company's outstanding warrants since the exercise 
price of those warrants is higher than the average fair value per share 
during the year.

The computation of the diluted earnings per share in 1999 does not assume 
the exercise of the Company's outstanding share options and warrants since 
their respective exercise price is higher than the average fair value per 
share during that year.

(2) Final dividend per share for the year ended 31/3/1999 has been 
adjusted for the share subdivision on 3 April, 2000.