GOLD WO INT'L<00090> - Results Announcement (Summary)

Gold Wo International Holdings Limited announced on 25/7/2002:
(stock code: 90)
Year end date: 31/3/2002
Currency: HKD
Auditors' Report: Unqualified
Review of Interim Report by: N/A
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2001    from 1/4/2000
                                           to 31/3/2002     to 31/3/2001
                                           ('000)           ('000)
Turnover                                 : 156,162          145,959
Profit/(Loss) from Operations            : 20,135           39,146
Finance cost                             : (2,681)          (2,006)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 15,559           33,565
% Change over Last Period                : -54%
EPS/(LPS)-Basic                          : 1.3 cents        9.6 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 15,559           33,565
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

(1) The calculation of basic earnings per share is based on the net 
profit from ordinary activities attributable to shareholders for the    
year of HK$15,559,000 (2001: HK$33,565,000) and the weighted average of 
1,187,732,000 (2001: 351,429,000) ordinary shares in issue during the 
year, adjusted to reflect the rights issue after the balance sheet date.  
                                                                
The weighted average of shares used to calculate the basic earnings per 
share for the year ended 31 March 2001 included the pro forma issued share 
capital of the Company, comprising 10,000,000 ordinary shares issued nil 
paid upon incorporation of the Company, 10,000,000 shares issued for the 
acquisition of Richlink International and the capitalisation issue of 
308,000,000 shares, adjusted to reflect the rights issue after the balance 
sheet date.                                                             
        
There were no dilutive potential ordinary shares in issue during either 
the current or prior years, and accordingly, diluted earnings per share 
amounts have not been shown.                                            
                        
(2) No dividend has been paid or declared by the Company since the 
date of its incorporation.                                              
                        
The dividend for the year ended 31 March 2001 was declared and paid by a 
subsidiary of the Company to its then shareholders prior to the Group 
Reorganisation, which was completed on 26 March 2001.