HENDERSON CHINA<00246> - Results Announcement (Summary)

Henderson China Holdings Limited announced on 3/10/2002:
(stock code: 246)
Year end date: 30/6/2002
Currency: HK$
Auditors' Report: N/A
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

Turnover                                 : 577,612,000      483,249,000
Profit/(Loss) from Operations            : 158,650,000      246,641,000
Finance cost                             : (8,141,000)      (5,939,000)
Share of Profit/(Loss) of Associates     : (7,454,000)      (61,209,000)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : N/A              N/A
Profit/(Loss) after Tax & MI             : 132,886,000      167,716,000
% Change over Last Period                : -21%
EPS/(LPS)-Basic                          : 0.27             0.34
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : Nil              Nil
Profit/(Loss) after ETD Items            : 132,886,000      167,716,000
Final Dividend per Share                 : 0.06             0.06
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 5/12/2002 to 10/12/2002 bdi.
Payable Date                             : 11/12/2002
B/C Dates for (-) General Meeting        : -         
Other Distribution for Current Period    : Nil       
B/C Dates for Other Distribution         : -         

Remarks:

1. The Group's turnover for the year ended 30th June, 2002 amounted to 
approximately HK$578 million and the analysis by business segment is as 
follows:

                                        Group turnover
                                        For the year ended 30th June
                                        2002            2001
                                        HK$'000         HK$'000
Property development                    398,391         268,571
Property investment                     67,503          66,156
Finance                                 81,865          103,833
Management and sales commissions        26,168          31,173
Guaranteed return on investment         3,685           13,516
                                        ---------       ---------
                                        577,612         483,249
                                        ========        ========        
        
2. Profit/(Loss) from Operations

Profit/(Loss) from Operations is stated after interest income and other 
income, and before finance cost and share of profits and losses of 
associates and jointly controlled entities and before taxation and 
minority interests.

3. Earnings per Share                      

(a)     Basic earnings per share

The calculation of basic earnings per share is based on the profit 
attributable to shareholders of HK$132,886,000 (2001: HK$167,716,000) and 
on 496,776,205 ordinary shares (2001: 496,776,205 ordinary shares) in 
issue during the year.
        
(b)     Diluted earnings per share

Diluted earnings per share for the year is not shown as the 
existence of outstanding options during the year ended 30th June, 2002 has 
anti-dilutive effect on the calculation of diluted earnings per share for 
the year. There was no potential dilution of earnings per share during 
2001.