MAGNUM INT'L<00305> - Results Announcement

Magnum International Holdings Limited announced on  17/9/2003:
(stock code: 00305 )
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  ($         )       ($         )
Turnover                           : 3,331,550          5,738,524         
Profit/(Loss) from Operations      : (3,789,416)        (1,922,905)       
Finance cost                       : (3,554,162)        (3,635,912)       
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (7,343,578)        (5,558,817)       
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.0119)           (0.009)           
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (7,343,578)        (5,558,817)       
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:

The diluted loss per share for the period ended 30th June 2003 and 2002 
have not been shown as the share options outstanding during these periods 
had an anti-dilutive effect on the basic loss per share for these periods.