ALPHA GENERAL<0073> - Results Announcement

Alpha General (Holdings) Limited announced on 18/12/2000:
(stock code: 73)
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

Turnover                                 : 354,253,000      348,523,000
Profit/(Loss) from Operations            : 16,726,000       26,879,000
Finance cost                             : (993,000)        (2,859,000)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax
  & MI                                   : 12,653,000       20,598,000
% Change over Last Period                : -38.57%
EPS/(LPS)-Basic                          : 0.33 cent        0.63 cent
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 12,653,000       20,598,000
Interim Dividend per Share               : 0.1 cent         0.12 cent
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : 2/1/2001 to 8/1/2001 bdi.
Payable Date                             : 19/1/2001
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remarks:

(1) Interim Dividend per share for six months ended 30 September 1999 has 
been adjusted for the share subdivision on 3 April 2000.

(2) Earnings per share

The calculation of the basic earnings per share is based on the Group's 
net profit for the period of HK$12,653,000 (1999: HK$20,598,000) and on 
the weighted average number of 3,866,024,000 (1999: 3,246,947,890) 
ordinary shares in issue during the period.

The weighted average number of ordinary shares for the purpose
of basic earnings per share has been adjusted for the effect of the 
subdivision of shares made by the Company on 3 April 2000.

No diluted earnings per share is calculated for the six months ended 30 
September 2000 as there were no share options outstanding during that 
period.

As all the Company's warrants lapsed during the six months ended 30 
September 1999 and the exercise price of the outstanding share options of 
the Company was greater than the average market price of the Company's 
shares during that period, no diluted earnings per share was calculated 
for the six months ended 30 September, 1999.

(3) Due to the adoption of SSAP 25, certain figures have been reclassified 
to comform with current year's presentation.