ALPHA GENERAL<00073> - Results Announcement (Summary)

Alpha General (Holdings) Limited announced on 26/7/2002:
(stock code: 73)
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
                                
Turnover                                 : 452,650,000      581,252,000
Profit from Operations                   : 9,631,000        25,345,000
Finance cost                             : (841,000)        (671,000)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit after Tax & MI                    : 7,775,000        20,315,000
% Change over Last Period                : -61.73%
EPS/(LPS)-Basic                          : 0.20 cent        0.53 cent
         -Diluted                        : 0.20 cent        N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit after ETD Items                   : 7,775,000        20,315,000
Final Dividend per Share                 : 0.08 cent        0.15 cent
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : 21/8/2002 to 27/8/2002 bdi.
Payable Date                             : 27/9/2002
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) Finance Cost
Certain comparative figures have been reclassified to conform with current 
year's presentation.

(2) Subdivision of Shares
The share of the Company of HK$0.10 has been subdivided into ten shares of 
HK$0.01 each on April 3, 2000.

(3)     Earnings per share

The calculation of the basic and diluted earnings per share is based on 
the following data :

                                                2002            2001
                                                HK$'000        HK$'000

Earnings for the purposes of basic and diluted earnings 
per share

Net profit for the year                         7,775           20,315
                                                =====           =====

Weighted average number of ordinary shares for the 
purpose of basic earnings per share        3,927,665,370  3,866,024,000

Effect of dilutive potential ordinary shares :
Share options                                    29,099,888     N/A
                                               ____________ ___________ 
Weighted average number of ordinary shares for 
the purposes of diluted earnings per share      3,956,765,258   N/A
                                                ============== ===========

No diluted earnings per share was calculated for the year ended March 31, 
2001 as there were no share options outstanding during the year.