PME<00379> - Results Announcement

PME Group Limited announced on 15/04/2003:
(stock code: 00379 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2002    from 01/01/2001
                                     to 31/12/2002      to 31/12/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 121,310            119,064           
Profit/(Loss) from Operations      : 31,593             32,921            
Finance cost                       : (2,172)            (2,258)           
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       : 24,388             26,006            
% Change over Last Period          : -6.2      %
EPS/(LPS)-Basic (in dollars)       : 0.035              0.0382            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 24,388             26,006            
Final Dividend                     : 1.125 cents        N/A               
  per Share                                                               
(Specify if with other             : N/A                N/A               
B/C Dates for 
  Final Dividend                   : 16/05/2003         to 23/05/2003bdi.
Payable Date                       : 10/06/2003
B/C Dates for Annual         
  General Meeting                  : 16/05/2003         to 23/05/2003bdi.
Other Distribution for             : Special dividend of 0.375 cent per   
  Current Period                     share payable on 10 June 2003        
B/C Dates for Other 
  Distribution                     : 16/05/2003         to 23/05/2003bdi.



        The Company was incorporated as an exempted company with limited 
liability in the Cayman Islands on 27 February 2002 under the Companies 
Law (Revised) Chapter 22 of the Cayman Islands.

        During the year ended 31 December 2002, the Company undertook a 
group reorganisation (the "Group Reorganisation") to rationalise the 
structure of the Company and its subsidiaries (hereinafter collectively 
referred to as the "Group") in preparation for the listing of the 
Company's shares on the Main Board of The Stock Exchange of Hong Kong 
Limited (the "Stock Exchange").  The Company became the holding company of 
the Group on 23 October 2002.

The shares of the Company have been listed on the Stock Exchange with 
effect from 13 November 2002.

        The Group resulting from the Group Reorganisation is regarded as a 
continuing entity.  Accordingly, the consolidated financial statements 
have been prepared using the principles of merger accounting in accordance 
with Statement of Standard Accounting Practice 27 "Accounting for Group 
Reconstructions" issued by the Hong Kong Society of Accountants.


        The calculation of the basic earnings per share is based on the 
net profit for the year of HK$24,388,000 (2001: HK$26,006,000) and on the 
weighted average number of 696,438,356 (2001: 680,000,000) ordinary shares 
in issue during the year on the assumption that the Group Reorganisation 
and capitalisation issue had been completed on 1 January 2001.

No diluted earnings per share is presented as the Company does not have 
any dilutive potential ordinary shares.