EGANA JEWELLERY<00926> - Results Announcement

Egana Jewellery & Pearls Limited announced on 20/02/2003:
(stock code: 00926 )
Year end date: 31/05/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/06/2002    from 01/01/2001
                                     to 30/11/2002      to 30/06/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 369,300            253,995           
Profit/(Loss) from Operations      : 48,690             17,904            
Finance cost                       : (6,951)            (7,837)           
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 39,044             10,221            
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.1259             0.0329            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 39,044             10,221            
Interim Dividend                   : 6 cents            0.15 cent         
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : 17/03/2003         to 19/03/2003bdi.
Payable Date                       : 29/4/2003 
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

1.      Change of financial year end

        Pursuant to the directors' resolution passed on 29th April, 2002, 
the Group has changed its financial year end from 31st December to 31st 
May, so as to be co-terminus with the year-end date of its ultimate 
holding company.  Accordingly, the interim accounts cover six-month period 
from 1st June, 2002 to 30th November, 2002.

2.      Share consolidation

        On 4th September, 2002, an ordinary resolution was passed at an 
extraordinary general meeting to consolidate 5,000,000,000 shares of 
HK$0.05 each in the authorized share capital of the Company into 
500,000,000 shares of HK$0.50 each by the consolidation of every 10 shares 
of HK$0.05 each into one consolidated share of HK$0.50 each.

3.      Earnings per share

(a)     Basic earnings per share
                
        Basic earnings per share was calculated based on the consolidated 
profit attributable to shareholders for the period of approximately 
HK$39,044,000 (period ended 30th June, 2001 : HK$10,221,000) and the 
weighted average number of ordinary shares of approximately 310,206,000 
(period ended 30th June, 2001 : 310,200,500) in issue during the period.  
The weighted average number of ordinary shares for the period ended 30th 
June, 2001 has been adjusted for the share consolidated as described 
above.

(b)     Diluted earnings per share

        There was no diluted earnings per share for the periods ended 30th 
November, 2002 and 30th June, 2001 as the Company has no dilutive 
potential ordinary share.
 
4.      Interim dividend per share for the period ended 30th June, 2001 
was based upon the number of shares prior to share consolidation as 
described above.