UDL HOLDINGS<00620> - Results Announcement (Summary)

UDL Holdings Limited announced on 26/11/2001:
(stock code: 620)

The auditors' report on the financial statements which contain the 
following result is qualified by the Company's auditors. For more details, 
please refer to the press announcement issued by the Company on 
27/11/2001.

Year end date: 31/7/2001
Currency: HK$                                               
                                           (Audited)        (Audited)
                                           12-month         16-month
                                           Period           Period
                                           from 1/8/2000    from 1/4/1999
                                           to 31/7/2001     to 31/7/2000
                                           ('000)           ('000)
Turnover                                 : 100,110          71,325
Profit/(Loss) from Operations            : 17,211           723,509
Finance cost                             : (13,574)         (161,145)
Share of Profit/(Loss) of Associates     : -                368
Share of Profit/(Loss) of
  Jointly Controlled Entities            : N/A              N/A
Profit/(Loss) after Tax & MI             : 4,372            603,699
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : $0.01            $5.1
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 4,372            603,699
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : -                
Payable Date                             : -
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : None
B/C Dates for Other Distribution         : -

For more details, please refer to the press announcement today.