MAGNUM INT'L<00305> - Results Announcement (Summary)

Magnum International Holdings Limited announced on 12/9/2002:
(stock code: 305)
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2002    from 1/1/2001
                                           to 30/6/2002     to 30/6/2001

Turnover                                 : 5,738,524        8,342,102
Profit/(Loss) from Operations            : (1,922,905)      (6,622,265)
Finance cost                             : (3,635,912)      (4,231,088)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (5,558,817)      (10,853,353)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (0.90 cent)      (1.76 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (5,558,817)      (10,853,353)
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : -
Payable Date                             : -
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remarks:

1. Turnover

Since the property investment became significant to the Group's operation 
during the period, property rental income was included in the turnover of 
the current period's condensed consolidated profit and loss account. This 
has resulted in the comparative amounts being correspondingly reclassified 
from other revenue to turnover of the 2001 comparative condensed 
consolidated profit and loss account.

2. Loss per share

The diluted loss per share for the period ended 30th June 2002 and 2001 
have not been shown as the share options outstanding during these years 
had an anti-dilutive effect on the basic loss per shares for these 
periods.