JUSCO STORES<00984> - Results Announcement (Summary)

Jusco Stores (Hong Kong) Co., Limited announced on 25/10/2002:
(stock code: 984)
Year end date: 28/2/2003
Currency: HK$
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/3/2002    from 1/3/2001
                                           to 31/8/2002     to 31/8/2001
                                           ('000)           ('000)
Turnover                                 : 1,801,257        1,722,783
Profit/(Loss) from Operations            : 10,637           24,135
Finance cost                             : (9)              (93)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 3,563            15,268
% Change over Last Period                : -77%
EPS/(LPS)-Basic                          : 1.37 cents       5.87 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 3,563            15,268
Interim Dividend per Share               : NIL              2 cents
(Specify if with other options)          : NIL              NIL
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)     TAXATION

                                                  Six months ended
                                                31.8.2002       31.8.2001
                                                HK$'000         HK$'000
                        
The charge comprises:                   
                        
Current taxation 
Hong Kong Profits Tax                           4,626           1,100
PRC income tax                                  6,306           6,618
                                                ------          ------  
                                                10,932          7,718
                                                ======          ======
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 subsidiaries.

2. EARNINGS PER SHARE

The calculation of earnings per share is based on the Group's net profit 
for the period of HK$3,563,000 (2001: HK$15,268,000) and on 260,000,000 
(2001: 260,000,000) ordinary shares in issue during the period.