SAINT HONORE<00192> - Results Announcement (Summary)

Saint Honore Holdings Limited announced on 5/12/2002:
(stock code: 192)
Year end date: 31/3/2003
Currency: HK dollar
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2002    from 1/4/2001
                                           to 30/9/2002     to 30/9/2001
                                           ('000)           ('000)
Turnover                                 : 251,196          255,071
Profit/(Loss) from Operations            : 9,907            13,981
Finance cost                             : 0                0
Share of Profit/(Loss) of Associates     : 0                0
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 0                0
Profit/(Loss) after Tax & MI             : 7,845            11,527
% Change over Last Period                : -31.9%
EPS/(LPS)-Basic                          : 4.0 cents        5.9 cents
         -Diluted                        : 3.9 cents        5.8 cents
Extraordinary (ETD) Gain/(Loss)          : 0                0
Profit/(Loss) after ETD Items            : 7,845            11,527
Interim Dividend per Share               : 2.0 cents        2.5 cents
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : 13/1/2003 to 16/1/2003 bdi.
Payable Date                             : 28/1/2003
B/C Dates for (-) General Meeting        : N/A      
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

Calculation of earnings per share               
                
                                              Unaudited       
                                     Six months ended 30 September   
                                        2002            2001 
                                        HK$'000         HK$'000
Earnings                
Earnings for the purpose of the calculation of basic and                
   diluted earnings per share           7,845           11,527 
                                        =======         ========
                
Number of shares                
                
Weighted average number of ordinary shares for the              
  purpose of the calculation of basic earnings per share                
                                        196,229,000     196,229,000
Effect of dilutive potential ordinary shares    
                                        5,090,569       3,213,773
                                        ----------      ----------
Weighted average number of ordinary shares for the              
   purpose of the calculation of diluted earnings per share             
                                        201,319,569     199,442,773
                                        ===========     ============