HENDERSON CHINA<0246> - Results Announcement

Henderson China Holdings Limited announced on 22/3/2001:
(stock code: 246)

Please refer to the press announcement for the details of the audit 
committee's review report on the interim financial statement, to be issued 
by the Company on 23/3/2001.

Year end date: 30/6/2001
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2000    from 1/7/1999
                                           to 31/12/2000    to 31/12/1999

Turnover                                 : 83,143,000       128,779,000
Profit/(Loss) from Operations            : 51,924,000       66,154,000
Finance cost                             : (3,497,000)      (4,239,000)
Share of Profit/(Loss) of Associates     : 11,544,000       (26,482,000)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : Nil              Nil
Profit/(Loss) after Tax & MI             : 39,466,000       33,944,000
% Change over Last Period                : +16%
EPS/(LPS)-Basic                          : $0.08            $0.07
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : Nil              Nil
Profit/(Loss) after ETD Items            : 39,466,000       33,944,000
Interim Dividend per Share               : $0.06            $0.06
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : 12/4/2001 to 18/4/2001 bdi.
Payable Date                             : 25/4/2001
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : Nil
B/C Dates for Other Distribution         : -

Remarks:

(1) The Group's turnover for the six months ended 31st December, 2000 
amounted to approximately HK$83 million and the analysis is as follows: 
                        
                                                Group turnover  
                        For the six months ended 31st December  
                                        2000            1999    
                                        -----------------------
                                        HK$'000         HK$'000 
Sale of properties                      21,342          35,026  
Rental income                           23,397          26,020  
Interest income                         20,247          42,325  
Management and sales commissions        11,971          17,074  
Guaranteed return on investment         6,186           8,334   
                                        -----------------------
                                        83,143          128,779
                                        ======================= 
     
(2) The profits from operations of the Group during the period amounted to 
approximately HK$52 million and the analysis of contribution to profits 
from operations is as follows:  
                                        Contribution to 
                                        profit from operations  
                                For the six months ended 31st December  
                                        2000            1999    
                                        -----------------------
                                        HK$'000         HK$'000 
Sale of properties                      6,424           156     
Rental income                           22,718          24,789  
Interest income                         20,247          42,325  
Management and sales commissions        11,971          15,921  
Guaranteed return on investment         6,186           8,334   
                                        ----------------------- 
                                        67,546          91,525  
Other expenses net of other income      (15,622)        (25,371)
                                        -----------------------
                                        51,924          66,154  
                                        =======================         
                                                                        
(2) EARNINGS PER SHARE                          
                        
The calculation of earnings per share is based on profit attributable to 
shareholders of HK$39,466,000 (1999 - HK$33,944,000) and on 496,776,205 
ordinary shares (1999 - 496,776,205 ordinary shares) in issue during the 
period. 
                
(3) COMPARATIVE FIGURES
                
Certain comparative figures have been reclassified to conform with the 
current period's presentation.