ALPHA GENERAL<00073> - Results Announcement

Alpha General (Holdings) Limited announced on  24/7/2003:
(stock code: 00073 )
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  ($         )       ($         )
Turnover                           : 333,424,000        452,650,000       
Profit/(Loss) from Operations      : (18,511,000)       9,631,000         
Finance cost                       : (1,046,000)        (841,000)         
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       : (17,809,000)       7,775,000         
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.0913)           0.0396            
         -Diluted (in dollars)     : N/A                0.0393            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (17,809,000)       7,775,000         
Final Dividend                     : Nil                1.60 cents        
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : N/A          
Payable Date                       : N/A       
B/C Dates for Annual         
  General Meeting                  : 22/8/2003          to 28/8/2003 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

          
(1) (LOSS) EARNINGS PER SHARE

The calculation of the basic and diluted (loss) earnings per share is 
based on the following data :

        
                                                 2003           2002
                                                HK$'000         HK$'000

(Loss) earnings for the purposes
of basic and diluted (loss)
earnings per share
        
Net (loss) profit for the year                  (17,809)        7,775
                                                ========        =====

Weighted average number of ordinary shares
for the 
purpose of basic earnings per share           195,011,581   196,383,268

Effect of dilutive potential ordinary shares :
Share options                                    N/A          1,454,994
                                                ____________ ____________       
Weighted average number of ordinary shares for 
the purposes of diluted earnings per share          N/A      197,838,262
                                                ==========   ===========

The weighted average number of ordinary shares for the purposes of basic 
and diluted earnings per share has been adjusted for the share 
consolidation on 28 January 2003.

The Computation of diluted loss per share for 2003 does not assume the 
exercise of the potential ordinary shares since their exercise would 
result in a reduction in loss per share.

(2) The final dividend per share for the year ended 31 March 2002 has been 
adjusted for the effect of the consolidation of shares made by the Company 
28 January 2003.