WINFOONG INT'L<00063> - Results Announcement

Winfoong International Limited announced on 14/08/2006:
(stock code: 00063 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2006    from 01/01/2005
                                     to 30/06/2006      to 30/06/2005
                               Note  ('000      )       ('000      )
Turnover                           : 13,552             24,832            
Profit/(Loss) from Operations      : (8,524)            10,420            
Finance cost                       : (12,339)           (8,467)           
Share of Profit/(Loss) of 
  Associates                       : (7,136)            (1,093)           
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (27,999)           1,439             
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.0188)           0.0010            
         -Diluted (in dollars)     : N/A                0.0010            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (27,999)           1,439             
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:

Turnover and loss from operation
---------------------------------                                               
                                         Turnover                Loss 
                                         HK$'000                 HK$'000 
From continuing operations               13,552                  (27,999)
From discontinued operations             -                        - 
                                        ---------------------------------
                                         13,552                  (27,999)
                                        =================================       
        
Earnings/(loss) per share  
--------------------------                                                      
(a) Basic earnings/(loss) per share                                             
The calculation of basic earnings per share is based on the net 
loss attributable to shareholders for the period of HK$27,999,000 (2005 : 
profit of HK$1,439,000) and the weighted average of 1,492,410,986 (2005 : 
1,492,410,986) ordinary shares in issue during the period.                      
                                
(b) Diluted earnings/(loss) per share                                           
Diluted loss per share for the six months ended 30 June 2006 has 
not been presented as the effect of any dilution is anti-dilutive.

Diluted earnings per share for the six months ended 30 June 2005 
has not been presented as the exercise of share options does not have a 
material dilutive effect on the basic earnings per share.


Changes of corresponding results
----------------------------------      
Certain comparative figures have been reclassified to conform with the 
current period's presentation.