SAINT HONORE<00192> - Results Announcement

Saint Honore Holdings Limited announced on  10/7/2003:
(stock code: 00192 )
Year end date: 31/3/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/4/2002      from 1/4/2001  
                                     to 31/3/2003       to 31/3/2002  
                               Note  ('000      )       ('000      )
Turnover                           : 494,492            476,189           
Profit/(Loss) from Operations      : 25,426             24,479            
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       : 18,529             20,200            
% Change over Last Period          : -8.3      %
EPS/(LPS)-Basic (in dollars)       : 0.094              0.103             
         -Diluted (in dollars)     : 0.092              0.101             
Extraordinary (ETD) Gain/(Loss)    : 0                  0                 
Profit/(Loss) after ETD Items      : 18,529             20,200            
Final Dividend                     : 3.5 cents          3.5 cents         
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 23/8/2003          to 28/8/2003 bdi.
Payable Date                       : 9/9/2003  
B/C Dates for Annual         
  General Meeting                  : 23/8/2003          to 28/8/2003 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

(1)     Comparative Figures

In the current year, the Group adopted the following Statements of 
Standard Accounting Practice ("SSAPs") issued by the Hong Kong Society of 
Accountants which are effective for accounting periods commencing on or 
after 1 January 2002:

SSAP 1 (revised)        : Presentation of financial statements
SSAP 11 (revised)       : Foreign currency translation
SSAP 15 (revised)       : Cash flow statements
SSAP 34 (revised)       : Employee benefits

The adoption of the above SSAPs had no material effect on the results of 
the Group for current and prior years.

(2).    Earnings per share

        The calculation of the basic and diluted earnings per share is 
based on the following:
                
                                        2003            2002
                                        HK$             HK$
Earnings                
                
Earnings for the purpose of the calculation of basic and                
    diluted earnings per share          18,528,965      20,199,927 
                                        ==========      ==========
                
Number of shares                        2003            2002
                
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    
                                          4,672,171       3,851,608 
                                        ---------       ---------
Weighted average number of ordinary shares for the              
    purpose of the calculation of diluted earnings              
    per share                           200,901,171     200,080,608
                                        ===========     ============