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

Elec & Eltek International Holdings Limited announced on 10/09/2003:
(stock code: 00033 )
Year end date: 30/06/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/07/2002    from 01/07/2001
                                     to 30/06/2003      to 30/06/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 2,257,713          2,223,654         
Profit/(Loss) from Operations      : 140,160            207,863           
Finance cost                       : (23,024)           (23,339)          
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (788)              (904)             
Profit/(Loss) after Tax & MI       : 38,768             47,472            
% Change over Last Period          : -18.3     %
EPS/(LPS)-Basic (in dollars)       : 0.033              0.0404            
         -Diluted (in dollars)     : 0.0329             0.0403            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 38,768             47,472            
Final Dividend                     : 1.5 cents          1.5 cents         
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 31/10/2003         to 03/11/2003bdi.
Payable Date                       : 21/11/2003
B/C Dates for Annual         
  General Meeting                  : 31/10/2003         to 03/11/2003bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:


EARNING PER SHARE

The calculation of basic earnings per share is based on the net profit 
attributable to shareholders for the year of HK$38,768,000 (2002: 
HK$47,472,000) and the weighted average of 1,175,939,970 (2002: 
1,175,062,408) ordinary shares in issue during the year.

The calculation of diluted earnings per share is based on the adjusted net 
profit attributable to shareholders for the year of HK$38,762,000 (2002: 
HK$47,364,000) and the weighted average of 1,177,849,014 (2002: 
1,175,062,408) ordinary shares outstanding during the year, adjusted for 
the effects of all dilutive potential shares.

The adjusted net profit attributable to shareholders is calculated based 
on the net profit attributable to shareholders for the year of 
HK$38,768,000 (2002: HK$47,472,000) less the dilution in the results of a 
subsidiary attributable to the Group by HK$6,000 (2002: HK$108,000) 
arising from the deemed exercise of all of the outstanding share options 
of that subsidiary.

The weighted average number of ordinary shares used in the calculation of 
diluted earnings per share is calculated based on the weighted average of 
1,175,939,970 ( 2002: 1,175,062,408) ordinary shares in issue during the 
year plus the weighted average of 1,909,044 ( 2002: Nil) ordinary shares 
deemed to be issued at no consideration as if all of the Company's 
outstanding share options had been exercised.