JUSCO STORES<00984> - Results Announcement (Summary)

Jusco Stores (Hong Kong) Co., Limited announced on 10/5/2002:
(stock code: 984)
Year end date: 28/2/2002
Currency: HK$
Auditors' Report: Neither
Review of Interim Report by: N/A
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/3/2001    from 1/3/2000
                                           to 28/2/2002     to 28/2/2001
                                           ('000)           ('000)
Turnover                                 : 3,720,924        3,394,484
Profit/(Loss) from Operations            : 109,326          97,442
Finance cost                             : (125)            (1,213)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 76,958           92,236
% Change over Last Period                : -16.6%
EPS/(LPS)-Basic                          : 29.60 cents      35.48 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 76,958           92,236
Final Dividend per Share                 : 9.5 cents        13 cents
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : 17/6/2002 to 20/6/2002 bdi.
Payable Date                             : 8/8/2002
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. INCOME TAX EXPENSES

                                                THE GROUP
                                        2002            2001
                                        HK$'000         HK$'000
The charge comprises:                   
                        
Hong Kong Profits Tax calculated at 
16% of the estimated assessable profits 17,100          5,000
Overprovision in previous years          -              (6,768)
                                        -----------     ---------
                                        17,100          (1,768)
PRC income tax                          14,831          13,573
Deferred taxation                           -           (9,700)
                                        ------------    ----------
                                        31,931          2,105
                                        ============    ========

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

2. EARNINGS PER SHARE

The calculation of earnings per share is based on the Group's net profit 
for the year of HK$76,958,000 (2001: HK$92,236,000) and on 260,000,000 
(2001: 260,000,000) ordinary shares in issue during the year.