E&E INT'L<00033> - Results Announcement (Summary)

Elec & Eltek International Holdings Limited announced on 17/9/2002:
(stock code: 33)
Year end date: 30/6/2002
Currency: HK$
Auditors' Report: Unqualified
Review of Interim Report by: N/A

                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2001    from 1/7/2000
                                           to 30/6/2002     to 30/6/2001
                                           ('000)           ('000)
Turnover                                 : 2,223,654        401,303
Profit/(Loss) from Operations            : 207,863          (43,873)
Finance cost                             : (23,339)         (11,386)
Share of Profit/(Loss) of Associates     : -                185,931
Share of Profit/(Loss) of
  Jointly Controlled Entities            : (904)            (2,144)
Profit/(Loss) after Tax & MI             : 47,472           105,253
% Change over Last Period                : -54.90%
EPS/(LPS)-Basic                          : 4.04 cents       8.98 cents
         -Diluted                        : 4.03 cents       8.50 cents
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 47,472           105,253
Final Dividend per Share                 : 1.5 cents        2.0 cents
(Specify if with other options)          : NIL              NIL
B/C Dates for Final Dividend             : 11/11/2002 to 12/11/2002 bdi.
Payable Date                             : 29/11/2002
B/C Dates for Annual General Meeting     : 11/11/2002 to 12/11/2002 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

EARNINGS PER SHARE                                                  
                                
        The calculation of basic earnings per share is based on the 
consolidated net profit attributable to shareholders for the year of 
HK$47,472,000 (2001: HK$105,253,000) and the weighted average of 
1,175,062,408 (2001: 1,172,220,579) ordinary shares in issue during the 
year.                                                                   
                
        The calculation of diluted earnings per share is based on the 
adjusted consolidated net profit attributable to shareholders for the year 
of HK$47,364,000 (2001: HK$99,682,000) and the weighted average of 
1,175,062,408 (2001: 1,172,788,828)  ordinary shares outstanding during 
the year, adjusted for the effects of all dilutive potential shares.    
                                                                        
        The adjusted consolidated net profit attributable to shareholders 
is calculated based on the consolidated net profit attributable to 
shareholders for the year of HK$47,472,000 (2001: $105,253,000) less the 
dilution in the shares of results of a subsidiary by HK$108,000 (2001: 
HK$5,571,000) arising from the deemed exercise of all of the outstanding 
employee share options of a subsidiary.                                 
                                        
        There were no adjustment to numbers of shares deemed to be issued 
in the calculation of the weighted average number of shares in the year as 
no share option was outstanding at the end of the year.  In the previous 
year, the weighted average number of shares used in the calculation of 
diluted earnings per share was based on the weighted average of 
1,172,220,579 shares in issue during the year plus the weighted average of 
568,249 shares deemed to be issued at no consideration as if all of the 
outstanding share options had been exercised.