E&E INT'L<00033> - Results Announcement (Summary)

Elec & Eltek International Holdings Limited announced on 10/9/2001:
(stock code: 33)
Year end date: 30/6/2001
Currency: HKD                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2000    from 1/7/1999
                                           to 30/6/2001     to 30/6/2000
                                           ('000)           ('000)
Turnover                                 : 401,303          220,065
Profit/(Loss) from Operations            : (43,873)         (23,970)
Finance cost                             : (11,386)         (6,039)
Share of Profit/(Loss) of Associates     : 185,931          154,905
Share of Profit/(Loss) of
  Jointly Controlled Entities            : (2,144)          -
Profit/(Loss) after Tax & MI             : 105,253          115,292
% Change over Last Period                : -8.7%
EPS/(LPS)-Basic                          : 8.98 cents       9.93 cents
         -Diluted                        : 8.50 cents       9.85 cents
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 105,253          115,292
Final Dividend per Share                 : 2.0 cents        2.0 cents
(Specify if with other options)          : Nil              Nil
B/C Dates for Final Dividend             : 24/10/2001 to 29/10/2001 bdi.
Payable Date                             : 16/11/2001
B/C Dates for Annual General Meeting     : 24/10/2001 to 29/10/2001 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

Earnings Per Share                                                 
                                                        
The calculation of basic earnings per share is based on the consolidated 
net profit attributable to shareholders for the year of HK$105,253,000 
(2000: HK$115,292,000) and the weighted average of 1,172,220,579 (2000: 
1,161,323,539) ordinary shares in issue during the year.                
        
The calculation of diluted earnings per share is based on the adjusted 
consolidated net profit attributable to shareholders for the year of 
HK$99,682,000 (2000: HK$114,843,547) and the weighted average of 
1,172,788,828 (2000: 1,165,634,049) ordinary shares outstanding during the 
year, adjusted for the effects of all dilutive potential shares.        
                                        
The adjusted consolidated net profit attributable to shareholders is 
calculated based on the consolidated net profit attributable to 
shareholders for the year of HK$105,253,000 (2000: HK$115,292,000) less 
the dilution in the results of a subsidiary by HK$5,571,000 (2000: 
HK$448,453) arising from the deemed exercise of all of the outstanding 
employee share options of the subsidiary.                               
                                                                        
The weighted average number of shares used in the calculation of diluted 
earnings per share is based on the weighted average of 1,172,220,579 
(2000: 1,161,323,539) shares in issue during the year plus the weighted 
average of 568,249 (2000: 4,310,510) shares deemed to be issued at no 
consideration as if all of the outstanding share options had been 
exercised.

The comparative amounts of the basic and diluted earnings per share have 
been adjusted for the effect of the bonus issue of one bonus share for 
every five existing shares during the year.   

For more details, please refer to the press announcement today.