JUSCO STORES<00984> - Results Announcement (Summary)

Jusco Stores (Hong Kong) Co., Limited announced on 23/10/2001:
(stock code: 984)
Year end date: 28/2/2002
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/3/2001    from 1/3/2000
                                           to 31/8/2001     to 31/8/2000
                                           ('000)           ('000)
Turnover                                 : 1,722,783        1,439,896
Profit from Operations                   : 24,135           10,676
Finance cost                             : (93)             (1,129)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit after Taxation & MI               : 15,268           7,662
% Change over Last Period                : +99.27%
EPS/(LPS)-Basic                          : 5.87 cents       2.95 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : Nil              Nil
Profit/(Loss) after ETD Items            : 15,268           7,662
Interim Dividend per Share               : 2 cents          1 cent
(Specify if with other options)          : Nil              Nil
B/C Dates for Interim Dividend           : 20/11/2001 to 23/11/2001 bdi.
Payable Date                             : 7/12/2001
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.      BASIS OF PREPARATION 

The interim financial report has been prepared in accordance with the 
applicable disclosure requirements of Appendix 16 to the Rules Governing 
the Listing of Securities on The Stock Exchange of Hong Kong Limited and 
Statement of Standard Accounting Practice ("SSAP") 25 "Interim financial 
reporting" issued by the Hong Kong Society of Accountants.

2.      TAXATION

                                            Six months ended
                                        31 August       31 August 
                                             2001            2000
                                          HK$'000         HK$'000
The charge comprises:
Current taxation   
  Hong Kong Profits Tax                     1,100              --
  PRC income tax                            6,618           4,369   
Deferred taxation credit                       --         (2,900)
                                         --------        --------
                                            7,718           1,469
                                         ========        ========

Hong Kong Profits Tax is calculated at 16% of the estimated assessable 
profit for the period.

PRC income tax is calculated at 33% of the estimated assessable profits of 
the subsidiary.

3.      EARNINGS PER SHARE

The calculation of earnings per share is based on the Group's net profit 
for the period of HK$15,268,000 (2000: HK$7,662,000) and on 260,000,000 
(2000: 260,000,000) ordinary shares in issue during the period.