SOUNDWILL HOLD<0878> - Results Announcement

Soundwill Holdings Limited announced on 27/9/2000:
(stock code: 878)
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                                 : 192,228          78,914
Profit/(Loss) from Operations            : 56,593           (21,496)
Finance cost                             : (71,949)         (92,767)
Share of Profit/(Loss) of Associates     : (427)            2,427
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (14,271)         (112,260)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (0.59 cent)      (8.25 cents)
         -Diluted                        : N/A              -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (14,271)         (112,260)
Interim Dividend per Share               : Nil              Nil
(Specify if with other options)          : -                -
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) Due to the adoption of Statement of Standard Accounting Practice SSAP 
1 for the financial statements of the period ended 30 June 2000, certain 
comparative amounts have been reclassified to conform to current year's 
presentation.  But there is no impact on the Group's results for the 
previous year.

(2) The provision for doubtful debts of HK$1,118,000 and profit on 
disposal of subsidiaries and associates of 13,925,000 and other revenue of 
16,711,000 were already included in the profit for continuing operation of 
56,593,000 for the period ended 30 June 2000.