E&E INT'L<00033> - Results Announcement

Elec & Eltek International Holdings Limited announced on  26/2/2003:
(stock code: 00033 )
Year end date: 30/6/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/7/2002      from 1/7/2001  
                                     to 31/12/2002      to 31/12/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 1,087,871          1,149,969         
Profit/(Loss) from Operations      : 95,316             91,047            
Finance cost                       : (11,203)           (16,061)          
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (254)              (431)             
Profit/(Loss) after Tax & MI       : 32,224             16,372            
% Change over Last Period          : +97       %
EPS/(LPS)-Basic (in dollars)       : 0.0274             0.0139            
         -Diluted (in dollars)     : 0.0274             0.0139            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 32,224             16,372            
Interim Dividend                   : 1.5 cents          1.0 cent          
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : 20/3/2003          to 21/3/2003 bdi.
Payable Date                       : 28/3/2003 
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

The calculation of basic earnings per share is based on the consolidated 
net profit attributable to shareholders for the period of HK$32,224,000 
(2001: HK$16,372,000) and the weighted average of 1,175,062,408 (2001: 
1,175,062,408) ordinary shares in issue during the period.

The calculation of diluted earnings per share is based on the adjusted 
consolidated net profit attributable to shareholders for the period of 
HK$32,217,000 (2001: HK$16,290,000) and the weighted average of 
1,175,062,408 (2001: 1,175,062,408) ordinary shares outstanding during the 
period, 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 period of HK$32,224,000 (2001: HK$16,372,000) less 
the dilution in the shares of results of a subsidiary by HK$7,000 (2001: 
HK$82,000) arising from the deemed exercise of all of the outstanding 
employee share options of that subsidiary.