HENDERSON CHINA<00246> - Results Announcement (Summary)

Henderson China Holdings Limited announced on 20/3/2002:
(stock code: 246)
Year end date: 30/6/2002
Currency: HK$
Auditors' Report: Neither
Review of Interim Report by: Audit Committee
                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2001    from 1/7/2000
                                           to 31/12/2001    to 31/12/2000

Turnover                                 : 332,301,000      83,143,000
Profit/(Loss) from Operations            : 93,664,000       51,924,000
Finance cost                             : (5,409,000)      (3,497,000)
Share of Profit/(Loss) of Associates     : 6,551,000        11,544,000
Share of Profit/(Loss) of
  Jointly Controlled Entities            : Nil              Nil
Profit/(Loss) after Tax & MI             : 89,208,000       39,466,000
% Change over Last Period                : +126%
EPS/(LPS)-Basic                          : 0.18             0.08
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : Nil              Nil
Profit/(Loss) after ETD Items            : 89,208,000       39,466,000
Interim Dividend per Share               : 0.06             0.06
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : 12/4/2002 to 16/4/2002 bdi.
Payable Date                             : 24/4/2002
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, 2001 
amounted to approximately HK$332 million and the analysis by principal 
activity is as follows:
                                        
                                              Group Turnover
                                For the six months ended 31st December
                                        2001            2000    
                                        HK$'000         HK$'000 
                                
Property trading                        262,451         21,342  
Property investment                     24,683          23,397  
Finance                                 31,388          20,247  
Management and sales commissions        10,099          11,971  
Guaranteed return on investment         3,680           6,186   
                                        ----------------------
                                        332,301         83,143  
                                        ======================
(2) EARNINGS PER SHARE                  

(a)     Basic earnings per share

The calculation of basic earnings per share is based on the profit 
attributable to shareholders of HK$89,208,000 (2000: HK$39,466,000) and on 
496,776,205 ordinary shares (2000: 496,776,205 ordinary shares) in issue 
during the period.

(b)     Diluted earnings per share

Diluted earnings per share for the period is not shown as the existence of 
outstanding options during the period ended 31st December, 2001 has an 
anti-dilutive effect on the calculation of diluted earnings per share for 
the period.  There was no potential dilution of earnings per share during 
2000.

(3) COMPARATIVE FIGURES

Due to the adoption of revised and new Statement of Standard Accounting 
Practices during the current period, certain comparative figures have been 
reclassified or restated to conform with the current period's 
presentation.