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

Lei Shing Hong Limited announced on 18/9/2002:
(stock codes: Ord: 238 & War: 695)
Year end date: 31/12/2002
Currency: HK$
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2002    from 1/1/2001
                                           to 30/6/2002     to 30/6/2001
                                           ('000)           ('000)
Turnover                                 : 2,715,310        2,220,820
Profit/(Loss) from Operations            : 132,329          89,161
Finance cost                             : (38,970)         (52,430)
Share of Profit/(Loss) of Associates     : 35,742           102,806
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 40,263           -
Profit/(Loss) after Tax & MI             : 91,813           65,442
% Change over Last Period                : +40.3%
EPS/(LPS)-Basic                          : 9.65 cents       6.88 cents
         -Diluted                        : 9.19 cents       -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 91,813           65,442
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : -
Payable Date                             : -
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -                

Remark:

Earnings Per Share

The calculations of basic and diluted earnings per share for the six 
months ended 30 June 2002 are based on the following data:

                                        Six months ended 30 June
                                        2002            2001
                                        (Unaudited)     (Unaudited)
                                        HK$'000         HK$'000
Earnings
        
Net profit attributable to shareholders for the period 
for the purpose of basic and diluted earnings per 
share calculations      
                                        91,813          65,442
                                        _______         ______
                                        _______         ______
        

Number of shares                        30 June         30 June
                                        2002            2001

Weighted average number of ordinary shares in issue
during the period used in basic earnings per share
calculation             
                                        951,168,546     951,165,000

Weighted average number of ordinary shares:
Assumed issued at no consideration on deemed exercise 
of all warrants outstanding during the period           

                                        48,075,479      -
                                        ___________     __________
        

Weighted average number of ordinary shares used in diluted 
earnings per share calculation  

                                        999,244,025     N/A
                                        ___________     __________
                                        ___________     __________
        

The diluted earnings per share for the period ended 30 June 2001 had not 
been calculated as the exercise prices of the Company's outstanding share 
options and warrants were higher than the average market price of the 
ordinary shares for the period.