ALPHA GENERAL<00073> - Results Announcement (Summary)

Alpha General (Holdings) Limited announced on 17/12/2001:
(stock code: 73)
Year end date: 31/3/2002
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2001    from 1/4/2000
                                           to 30/9/2001     to 30/9/2000
                         
Turnover                                 : 302,090,000      354,253,000
Profit/(Loss) from Operations            : 15,115,000       16,726,000
Finance cost                             : (938,000)        (993,000)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 11,982,000       12,653,000
% Change over Last Period                : -5.30%
EPS/(LPS)-Basic                          : 0.30 cent        0.33 cent
         -Diluted                        : 0.30 cent        N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 11,982,000       12,653,000
Interim Dividend per Share               : 0.1 cent         0.1 cent
(Specify if with other options)          : N/A              -
B/C Dates for Interim Dividend           : 4/1/2002 to 10/1/2002 bdi.
Payable Date                             : 21/1/2002
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

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 period               11,982          12,653
                                        ======          ======  

Weighted average number of ordinary
 shares for the purpose of basic
 earnings per share                     3,939,422,142   3,866,024,000

Effect of dilutive potential ordinary
 shares:
   Share Options                        24,128,901      N/A
                                        -------------------------------
Weighted average number of ordinary
 shares for the purposes of diluted
 earnings per share                     3,963,551,043   N/A
                                        ===============================

No diluted earnings per share is calculated for the period ended 
September 30, 2000 as there were no share options or warrants outstanding 
during the year.