ALPHA GENERAL<0073> - Results Announcement (Summary)

Alpha General (Holdings) Limited announced on 16/7/2001:
(stock code: 73)
Year end date: 31/3/2001
Currency: HK Dollars                                        (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2000    from 1/4/1999
                                           to 31/3/2001     to 31/3/2000

Turnover                                 : 581,252,000      572,223,000
Profit/(Loss) from Operations            : 25,345,000       33,061,000
Finance cost, net                        : (671,000)        (2,097,000)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 20,315,000       27,192,000
% Change over Last Period                : -25.29%
EPS/(LPS)-Basic                          : 0.53 cent        0.78 cent
         -Diluted                        : N/A              0.76 cent
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 20,315,000       27,192,000
Final Dividend per Share                 : 0.15 cent        0.25 cent
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : 17/8/2001 to 23/8/2001 bdi.
Payable Date                             : 23/9/2001
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) Finance Cost

Certain comparative figures have been reclassified to conform with current 
year's presentation.

(2) Subdivision of Shares

The share of the Company of HK$0.10 has been subdivided into ten shares of 
HK$0.01 each on April 3, 2000.

(3) Earnings per share

The calculation of the basic and diluted earnings per share is based on 
the following data:
                                2001            2000
                                HK$'000         HK$'000         
Earnings for the purposes of 
  basic and diluted earnings 
  per share

Net profit for the year         20,315          27,192
                                =====           =====

Weighted average number of 
  ordinary shares for the 
  purpose of basic earnings 
  per share                     3,866,024,000   3,499,108,900

Effect of dilutive potential 
  ordinary shares :
  Share options                 N/A             56,909,490
                                ___________     ___________     

Weighted average number of 
  ordinary shares for the 
  purposes of diluted earnings 
  per share                     N/A             3,556,018,390
                                ==========      =============

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

No diluted earnings per share is calculated for the year ended March 31, 
2001 as there were no share options or warrants outstanding during the 
year.