WINFOONG INT'L<00063> - Results Announcement

Winfoong International Limited announced on 29/08/2003:
(stock code: 00063 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2003      from 1/1/2002  
                                     to 30/6/2003       to 30/6/2002  
                               Note  ('000      )       ('000      )
Turnover                           : 23,801             26,398            
Profit/(Loss) from Operations      : 2,105              (2,005)           
Finance cost                       : (7,709)            (8,658)           
Share of Profit/(Loss) of 
  Associates                       : 2,270              (1,912)           
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (4,021)            (12,684)          
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.0027)           (0.0127)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (4,021)            (12,684)          
Interim Dividend                   : NIL                NIL               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim 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. Turnover and loss from operation                                        

                                         Turnover      Profit 
                                         HK$'000       HK$'000
From continuing operations              23,801          2,105 
From discontinued operations             -               - 
                                        ----------     --------
                                         23,801          2,105 
                                        ==========      ======= 

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$4,021,000 (2002 : 
HK$12,684,000) and the weighted average of 1,492,418,655 (2002 : 
1,001,001,819) ordinary shares in issue during the period.              
                                                
The fully diluted loss per share is not shown for both periods because the 
effect of any dilution is antidilutive.