EGANA JEWELLERY<00926> - Results Announcement (Summary)

Egana Jewellery & Pearls Limited announced on  29/9/2003:
(stock code: 00926 )
Year end date: 31/5/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        
                                     (Audited   )       (Audited   )
                                     12-month period    17-month period
                                     from 1/6/2002      from 1/1/2001  
                                     to 31/5/2003       to 31/5/2002  
                               Note  ('000      )       ('000      )
Turnover                           : 718,382            855,738           
Profit/(Loss) from Operations      : 76,926             68,193            
Finance cost                       : (15,745)           (22,972)          
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       : 57,939             42,286            
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.1868             0.1363            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 57,939             42,286            
Final Dividend                     : 4 cents            NIL               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
B/C Dates for 
  Final Dividend                   : 14/11/2003         to 18/11/2003bdi.
Payable Date                       : 5/12/2003 
B/C Dates for Annual         
  General Meeting                  : 14/11/2003         to 18/11/2003bdi.
Other Distribution for             : N/A           
  Current Period                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

1.      Share consolidation

        On 4th September, 2002, an ordinary resolution was passed at an 
extraordinary general meeting to consolidate 5,000,000,000 shares of 
HK$0.05 each in the authorized share capital of the Company into 
500,000,000 shares of HK$0.50 each by the consolidation of every 10 shares 
of HK$0.05 each into one consolidated share of HK$0.50 each.

2.      Earnings per share

(a)     Basic earnings per share
                
        Basic earnings per share was calculated based on the consolidated 
profit attributable to shareholders for the year of approximately 
HK$57,939,000 (17-month period ended 31st May, 2002 : HK$42,286,000) and 
the weighted average number of ordinary shares of approximately 
310,206,000 (17-month period ended 31st May, 2002: 310,204,000) in issue 
during the year.

(b)     Diluted earnings per share

        During the year ended 31st May, 2003 and 17-month period ended 
31st May, 2002, the Company's share options exercise price was above the 
average fair value of one ordinary share, and thus there were no dilutive 
potential ordinary shares.