WINFOONG INT'L<0063> - Results Announcement

Winfoong International Limited announced on 22/9/2000:
(stock code: 63)
Year end date: 31/12/2000
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 30/6/2000     to 30/6/1999
                                           ('000)           ('000)
Turnover                                 : 18,603           21,406
Profit/(Loss) from Operations            : (107,390)        5,779
Finance cost                             : (23,518)         (22,646)
Share of Profit/(Loss) of Associates     : (1,213)          1,758
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (132,070)        (15,355)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (19.17 cents)    (2.22 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (132,070)        (15,355)
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : N/A              N/A
B/C Dates for Interim Dividend           : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

1)  Turnover and loss from operations

                                        Turnover        Loss
                                        HK$'000         HK$'000
From continuing operations              18,603          (107,390)
From discontinued operations            -               -
                                        ---------       ----------
Total                                   18,603          (107,390)
                                        =========       ==========

Loss from operations included a provision of approximately HK$108.5 
million made for a property under development to reflect its net 
realisable value.

(2) Loss per share

The calculation of basic loss per share is based on the net loss 
attributable to shareholders for the period of HK$132,070,000 (1999: 
HK$15,355,000) and the weighted average of 689,005,070 (1999: 690,712,993) 
ordinary shares in issue during the period.

The diluted loss per share is not shown for both periods because the 
effect of any dilution is antidilutive.

(3) Adjustment of the last corresponding results

To conform with current period presentation, interest income for 1999 has 
been reclassified from turnover to other revenue and finance costs for 
1999 has been added back to profit from operations and seperately shown.