SOUNDWILL HOLD<00878> - Results Announcement

Soundwill Holdings Limited announced on 01/09/2003:
(stock code: 00878 )
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                           : 50,968             74,327            
Profit/(Loss) from Operations      : 44,517             (51,354)          
Finance cost                       : (30,508)           (48,663)          
Share of Profit/(Loss) of 
  Associates                       : 6                  (15)              
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 14,179             (95,102)          
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.23               (0.03)            
         -Diluted (in dollars)     : 0.22               N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 14,179             (95,102)          
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) Profit/(loss) per share

The calculation of basic and diluted profit per share are based on current 
periods unaudited profit attributable to shareholders for the period of 
HK$14,179,000 (30 June 2002: loss of HK$95,102,000).

The basic profit per share is based on the weighted average of 62,328,043 
shares (30 June 2002: 3,116,402,151 shares) in issue during the six months 
ended 30 June 2003.

The diluted profit per shares is based on 62,328,043 shares (30 June 2002: 
3,116,402,151 shares) which is the weighted average number of shares in 
issue during the six months ended 30 June 2003 plus the weighted average 
of 1,464,000 shares (30 June 2002: 49,500,000 shares) deemed to be issued 
if all outstanding share options granted under the share option scheme of 
the Company were exercised.

No diluted loss per share has been calculated for the corresponding period 
ended 30 June 2002 because the conversion / exercise of the outstanding 
potential ordinary shares would have been anti-dilutive for the period.

(2) Change in presentation of comparative figures

Certain comparative amounts have been reclassified to conform with the 
current period's presentation. There is no impact on the Group's results 
for the pervious year.