PAN SINO INT'L<00502> - Results Announcement

Pan Sino International Holding Limited announced on 17/05/2006:
(stock code: 00502 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim/Quarterly report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2006    from 01/01/2005
                                     to 31/03/2006      to 31/03/2005
                               Note  ('000      )       ('000      )
Turnover                           : 110,855            106,938           
Profit/(Loss) from Operations      : 23,623             25,280            
Finance cost                       : 0                  0                 
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       : 17,729             17,234            
% Change over Last Period          : +2.87     %
EPS/(LPS)-Basic (in dollars)       : 0.0185             0.0215            
         -Diluted (in dollars)     : 0.0175             0.0202            
Extraordinary (ETD) Gain/(Loss)    : 0                  0                 
Profit/(Loss) after ETD Items      : 17,729             17,234            
1st Quarter Dividend               : N/A                N/A
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  1st Quarter 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.      Group Reorganisation

The Company was incorporated in the Cayman Islands on 16th October 2002 as 
an exempted company with limited liability under the Companies Law, Cap. 
22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands. The 
addresses of the registered office and principal place of business of the 
Company are disclosed in the "Corporate Information" section to the 2005 
Annual Report. 

Pursuant to a reorganisation scheme to rationalise the structure of the 
Group in preparation for the listing of the Company's shares on the Growth 
Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited (the 
"Reorganisation"), the Company became the holding company of the companies 
now comprising the Group on 23rd June 2003. The shares of the Company were 
listed on GEM on 2nd December 2003. On 1st March 2006, the Company 
withdrew the listing of its shares on GEM, and on the same date, the 
Company by way of introduction, listed its entire share capital on the 
Main Board ("Main Board") of the Stock Exchange of Hong Kong Limited.


2.      Basis of Preparation

        The accounting policies adopted for the preparation of these 
unaudited consolidated results of the Group are consistent with those 
adopted by the Group in the preparation of annual audited financial 
statements for the year ended 31st December 2005.


3.      Turnover

The Group is principally engaged in trading of cocoa beans.  Turnover 
represents the invoiced value of goods sold during the period.


4.      Earnings Per Share

(a)     The calculation of basic earnings per share is based on the 
Group's profit attributable to shareholders for the three months ended 
31st March 2006 of HK$ 17,729,000 (31st March 2005: HK$17,234,000) and 
960,000,000 (31st March 2005: 800,000,000) shares in issue during the 
period.

 
(b)     The calculation of diluted earnings per share is based on the 
Group's profit attributable to shareholders for the three months ended 
31st March 2006 of HK$17,729,000 (31st March 2005: HK$17,234,000) and 
1,014,564,103 (31st March 2005: 853,704,918) shares in issue during the 
period.