LEI SHING HONG<00238> - Results Announcement (Summary)

Lei Shing Hong Limited announced on 18/4/2002:
(stock codes: Ord: 238 & War: 695)
Year end date: 31/12/2001
Currency: HK$
Auditors' Report: Neither
Review of Interim Report by: N/A
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2001    from 1/1/2000
                                           to 31/12/2001    to 31/12/2000
                                           ('000)           ('000)
Turnover                                 : 4,391,885        3,557,115
Profit/(Loss) from Operations            : 300,575          211,320
Finance cost                             : (103,889)        (127,731)
Share of Profit/(Loss) of Associates     : 137,845          187,483
Share of Profit/(Loss) of
  Jointly Controlled Entities            : (4,066)          -
Profit/(Loss) after Tax & MI             : 170,433          148,100
% Change over Last Period                : +15.08%
EPS/(LPS)-Basic                          : 17.9 cents       15.6 cents
         -Diluted                        : 17.8 cents       -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 170,433          148,100
Final Dividend per Share                 : 3 cents          3 cents
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 21/5/2002 to 27/5/2002 bdi.
Payable Date                             : 15/8/2002
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remark:

EARNINGS PER SHARE

The calculation of basic earnings per share is based on the net profit 
from ordinary activities attributable to shareholders for the year of 
HK$170,433,000 (2000: HK$148,100,000) and 951,165,000 (2000: 
951,165,000) shares in issue during the year.

The calculation of diluted earnings per share for the year ended 31 
December 2001 is based on the net profit from ordinary activities 
attributable to shareholders for the year of HK$170,433,000 and weighted 
average of 955,291,879 shares, which represents 951,165,000 shares in 
issue during the year plus the weighted average of 4,126,879 shares 
assumed to be issued at no consideration on deemed exercise of all 
warrants outstanding during the year.

Diluted earnings per share had not been calculated for the year ended 31 
December 2000 as the exercise prices of the Company's outstanding share 
options were higher than the average market price of the ordinary shares 
for that year.