SOUNDWILL HOLD<00878> - Results Announcement (Summary)

Soundwill Holdings Limited announced on 16/4/2002:
(stock code: 878)
Year end date: 31/12/2001
Currency: HKD
Auditors' Report: Qualified
Review of Interim Report by: N/A
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2001    from 1/1/2000
                                           to 31/12/2001    to 31/12/2000
                                           ('000)           ('000)
Turnover                                 : 697,519          216,811
Profit/(Loss) from Operations            : (91,516)         (143,220)
Finance cost                             : (145,364)        (146,520)
Share of Profit/(Loss) of Associates     : 12               13,164
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (237,830)        (274,719)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (7.63 cents)     (10.08 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (237,830)        (274,719)
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : NIL
B/C Dates for Other Distribution         : N/A

Remark:

Change in presentation of comparative figures
Due to the recent change in the requirements of the Statement of Standard
Accounting Practice, there are changes in certain comparative amounts to 
conform to the current year's presentation.