E&E INT'L<00033> - Results Announcement (Summary)

Elec & Eltek International Holdings Limited announced on  12/2/2004:
(stock code: 00033 )
Year end date: 30/6/2004
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/7/2003      from 1/7/2002  
                                     to 31/12/2003      to 31/12/2002 
                               Note  ('000      )       ('000      )
                                                        (Restated)
Turnover                           : 1,493,167          1,087,871         
Profit/(Loss) from Operations      : 158,761            95,316            
Finance cost                       : (11,418)           (11,203)          
Share of Profit/(Loss) of 
  Associates                       : 0                  0                 
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (560)              (254)             
Profit/(Loss) after Tax & MI       : 66,908             31,397            
% Change over Last Period          : +113      %
EPS/(LPS)-Basic (in dollars)       : 0.056              0.0267            
         -Diluted (in dollars)     : 0.0553             0.0267            
Extraordinary (ETD) Gain/(Loss)    : 0                  0                 
Profit/(Loss) after ETD Items      : 66,908             31,397            
Interim Dividend                   : 1.60 cents         1.50 cents        
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : 3/3/2004           to 5/3/2004  bdi.
Payable Date                       : 9/3/2004  
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:


Earnings per share

The calculation of basic earnings per share is based on the consolidated 
net profit attributable to shareholders for the period of HK$66,908,000 
(2002 - restated: HK$31,397,000) and the weighted average of 1,195,105,941 
(2002: 1,175,062,408) ordinary shares in issue during the period.          
     
                                                                        
The calculation of diluted earnings per share is based on the adjusted 
consolidated net profit attributable to shareholders for the period of 
HK$66,658,000 (2002 - restated: HK$31,390,000) and the weighted average of 
1,205,572,991 (2002: 1,175,062,408) ordinary shares outstanding during the 
period, adjusted for the effects of all dilutive potential shares.         
     
                                                                        
The adjusted consolidated net profit attributable to shareholders is 
calculated based on the consolidated net profit attributable to 
shareholders for the period of HK$66,908,000 (2002 - restated: 
HK$31,397,000) less the dilution in the shares of results of a subsidiary 
by HK$250,000 (2002: HK$7,000) arising from the deemed exercise of all of 
the outstanding employee 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 
1,195,105,941 (2002: 1,175,062,408) ordinary shares in issue during the 
period plus the weighted average of 10,467,050 (2002: Nil) ordinary shares 
deemed to be issued at no consideration as if all of the Company's 
outstanding share options have been exercised.