OXFORD PPT<00220> - Results Announcement (Summary)

Oxford Properties & Finance Limited announced on 22/5/2002:
(stock code: 220)
Year end date: 31/1/2002
Currency: HK$
Auditors' Report: Neither
Review of Interim Report by: N/A
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/2/2001    from 1/2/2000
                                           to 31/1/2002     to 31/1/2001
                                           ('000)           ('000)
Turnover                                 : 75,552           75,213
Profit/(Loss) from Operations            : (1,463)          57,638
Finance cost                             : (8,903)          (17,464)
Share of Profit/(Loss) of Associates     : (120)            510
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (11,190)         32,381
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (16.5 cents)     47.8 cents
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (11,190)         32,381
Final Dividend per Share                 : 20 cents         25 cents
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 25/6/2002 to 5/7/2002 bdi.
Payable Date                             : 15/8/2002
B/C Dates for Annual General Meeting     : 25/6/2002 to 5/7/2002 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : -               

Remark:

Certain figures of the prior periods have been adjusted to account for the 
effects of the changes in accounting policies following the adoption of 
the new and revised SSAPs in the current year.  

In prior years, leasehold land in Guam, U.S.A. included in other 
properties held by the Group and an associate was carried in the balance 
sheet date at revalued amounts.

SSAP 14 (Revised) "Leases" has clarified that such leases should be 
classified as operting leases and classified at cost less amount 
amortised.  Adjustments have been made retrospectively to conform with 
SSAP 14 (Revised).  The effect of the adoption of this revised standard to 
the income statement is to increase the loss of the Group for the year 
ended 31st January, 2002 by HK$24,245 and decrease its profit for the year 
ended 31st January, 2001 by HK$24,245 which have been dealt with by way of 
prior year adjustments.  Comparative figures have been restated 
accordingly.