SAINT HONORE<0192> - Results Announcement

Saint Honore Holdings Limited announced on 14/12/2000:
(stock code: 192)
Year end date: 31/3/2001
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2000    from 1/4/1999
                                           to 30/9/2000     to 30/9/1999
                                           ('000)           ('000)
Turnover                                 : 236,878          222,827
Profit/(Loss) from Operations            : 20,696           19,671
Finance cost                             : -                -
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 18,077           16,223
% Change over Last Period                : +11.4%
EPS/(LPS)-Basic                          : 9.21 cents       8.27 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 18,077           16,223
Interim Dividend per Share               : NIL              N/A
(Specify if with other options)          : N/A              N/A
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. The Company was incorporated in Bermuda as an exempted company on 21st 
June 2000 under the Companies Act 1981 of Bermuda.

Pursuant to the reorganisation scheme (the "Reorganisation") which was 
completed on 25th October 2000 in preparation for the listing of the 
Company's shares on the Main Board of The Stock Exchange of Hong Kong 
Limited (the "Stock Exchange") on 21st November 2000, the Company became 
the holding company of the subsidiaries now comprising the group 
(collectively known as the "Group"). The Reorganisation involved companies 
under common control and there has been a continuation of the risks and 
benefits to the ultimate shareholders that existed prior to the 
Reorganisation. According to the Hong Kong Statement of Standard 
Accounting Practice ("SSAP") No. 27, the Company together with its 
subsidiaries can be regarded and accounted for as a continuing group as if 
they had been in existence throughout the year ending 31st March 2001. 
Accordingly, merger accounting has been used to prepare the interim 
financial statements of the Group as well as the comparative figures.

2.  Earnings per share

The calculation of earnings per share is based on the Group's profit 
attributable to shareholders of HK$18,077,451 (1999: HK$16,223,346) and on 
a total of 196,229,000 ordinary shares issued immediately after the 
Introduction.