WINSOR IND<00098> - Results Announcement

Winsor Industrial Corporation Limited announced on 11/12/2003:
(stock code: 00098 )
Year end date: 31/03/2004
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2003    from 01/04/2002
                                     to 30/09/2003      to 30/09/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 368,068            476,872           
Profit/(Loss) from Operations      : 37,426             26,417            
Finance cost                       : (1,634)            (2,547)           
Share of Profit/(Loss) of 
  Associates                       : 7,178              9,396             
Share of Profit/(Loss) of
  Jointly Controlled Entities      : 899                1,267             
Profit/(Loss) after Tax & MI       : 37,177             27,326            
% Change over Last Period          : +36.05    %
EPS/(LPS)-Basic (in dollars)       : 0.14               0.11              
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 37,177             27,326            
Interim Dividend                   : 5.0 cents          5.0 cents         
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : 26/01/2004         to 28/01/2004bdi.
Payable Date                       : 05/02/2004
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

During the current period, the Group has changed its accounting policy for 
deferred taxation following its adoption of Statement of Standard 
Accounting Practice 12 (revised) "Income Taxes" issued by the Hong Kong 
Society of Accountants which became effective for accounting periods 
commencing on or after 1 January 2003.  The change in accounting policy 
has been applied retrospectively.  The results for the six months ended 30 
September 2002 have been restated and resulted in a decrease in Profit/
(Loss) after Taxation & MI by HK$1,279,000.  Details are set out below:

                                      Unaudited
                                  Six months ended 30 September
                        2002                            2002
                        As announced    Adjustments     As restated
                        HK$'000         HK$'000         HK$'000
Turnover                476,872         0               476,872
Profit/(Loss) from 
  Operations            26,417          0               26,417
Finance costs           (2,547)         0               (2,547)
Share of Profit/(Loss) of 
  Associates            9,396           0               9,396
Share of Profit/(Loss) of 
Jointly Controlled 
  Entities              1,267           0               1,267
Taxation                (6,690)         (1,244)         (7,934)
MI                      762             (35)            727
Profit/(Loss) after 
  Taxation & MI         28,605          (1,279)         27,326
EPS                     HK$0.11         0               HK$0.11