LEI SHING HONG<00238> - Results Announcement

LEI SHING HONG LIMITED announced on 18/09/2003:
(stock code: 00238 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2003    from 01/01/2002
                                     to 30/06/2003      to 30/06/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 4,333,358          2,715,310         
Profit/(Loss) from Operations      : 190,509            129,984           
Finance cost                       : (42,996)           (38,970)          
Share of Profit/(Loss) of 
  Associates                       : 343                35,742            
Share of Profit/(Loss) of
  Jointly Controlled Entities      : 8,760              40,263            
Profit/(Loss) after Tax & MI       : 103,179            110,695           
% Change over Last Period          : -6.79     %
EPS/(LPS)-Basic (in dollars)       : 0.1085             0.1164            
         -Diluted (in dollars)     : 0.1037             0.1108            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 103,179            110,695           
Interim Dividend                   : NIL                NIL               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : N/A          
Payable Date                       : N/A       
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:


1. Profit after ETD items

Consequent to the adoption of SSAP12 (Revised) retrospectively, the "other 
operating expenses" and "tax" for the six months ended 30 June 2002 has 
been increased by HK$2,345,000 and decreased by HK$21,227,000 
respectively.  The net impact is an increase in profit of HK$18,882,000.
 
2. Earnings Per Share

The calculations of basic and diluted earnings per share for the six 
months ended 30 June 2003 are based on the following data:

                                        Six months ended 30 June
                                        2003            2002
                                        (Unaudited)     (Unaudited)
                                        HK$'000         HK$'000
Earnings

Net profit attributable to shareholders for the period 
  for the purpose of basic and diluted earnings per 
  share calculations    
                                        103,179         110,695
                                        =======         =======

                                        Number of shares                        
                                        30 June         30 June
                                        2003            2002
                                        (Unaudited)     (Unaudited)

Weighted average number of ordinary shares in issue
  during the period used in basic earnings per share
  calculation           
                                        951,168,826     951,168,546

Weighted average number of ordinary shares:
  Assumed issued at no consideration on deemed exercise 
  of all warrants outstanding during the period         
                                        
                                        44,033,990      48,075,479
					-----------	-----------
                        
Weighted average number of ordinary shares used in diluted 
  earnings per share calculation                        
                                        995,202,816     999,244,025
                                        ===========     ===========