SAINT HONORE<0192> - Results Announcement (Summary)

Saint Honore Holdings Limited announced on 12/7/2001:
(stock code: 192)
Year end date: 31/3/2001
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2000    from 1/4/1999
                                           to 31/3/2001     to 31/3/2000
                                           ('000)           ('000)
Turnover                                 : 448,547          430,125
Profit/(Loss) from Operations            : 28,009           29,140
Finance cost                             : -                (29)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 24,060           24,944
% Change over Last Period                : -3.5%
EPS/(LPS)-Basic                          : 12.3 cents       12.7 cents
         -Diluted                        : 12.2 cents       N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 24,060           24,944
Final Dividend per Share                 : 6 cents          N/A
(Specify if with other options)          : Nil              Nil
B/C Dates for Final Dividend             : 25/8/2001 to 30/8/2001 bdi.
Payable Date                             : 11/9/2001
B/C Dates for Annual General Meeting     : 25/8/2001 to 30/8/2001 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

(1) Basic of presentation of results

Pursuant to the group reconstruction (the "Group Reconstruction") 
completed on 25th October 2000 in preparation for the listing of the 
shares of the Company on the Main Board of The Stock Exchange of Hong Kong 
Limited (the "Stock Exchange"), the Company acquired the entire issued 
share capital of Eltham Agents Limited, Bodega Limited and Easywin Limited 
through a share swap and became the holding company of the Group. The 
Company's shares were listed on the Stock Exchange on 21st November 2000. 
The Group Reconstruction is accounted for using merger accounting as 
permitted by the Hong Kong Statement of Standard Accounting Practice 2.127 
"Accounting for group reconstructions". The consolidated accounts of the 
Company and the Group for the year ended 31st March 2001, including the 
comparative figures, are prepared as if the Company had been the holding 
company of the Group from the beginning of the earliest period presented.

(2) Earnings per share

The calculation of the basic and diluted earnings per share is based on 
the following data:-
                                                2001            2000
                                                HK$             HK$
Earnings                
Earnings for the purpose of calculating basic 
  and diluted earnings per share                24,060,373      24,944,191
                                                ==========      ==========
                        
Number of shares                
Weighted average number of ordinary share for   196,229,000    196,229,000
  the purpose of calculating basic earnings 
  per share             

Effect of dilutive potential ordinary shares    603,225         -
  from share options            
                                                ___________    ___________

Weighted average number of ordinary shares for  196,832,225    196,229,000 
  the purpose of calculating diluted earnings   ===========    ===========
  per share

In determining the weighted average number of shares deemed to be in issue 
for both years, the 196,229,000 shares issued and credited as fully paid 
for the group reconstruction were deemed to have been in issue since 1st 
April 1999.