UDL HOLDINGS<00620> - Results Announcement

UDL Holdings Limited announced on 24/04/2003:
(stock code: 00620 )
Year end date: 31/07/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/08/2002    from 01/08/2001
                                     to 31/01/2003      to 31/01/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 13,480             27,332            
Profit/(Loss) from Operations      : 9,408              (40,341)          
Finance cost                       : (5,966)            (5,834)           
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       : 3,426              (44,201)          
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.0047             (0.0689)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 3,426              (44,201)          
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:

EARNINGS / (LOSS) PER SHARE

The calculation of basic earnings / (loss) per share is based on the net 
profit from ordinary activities attributable to shareholders of 
HK$3,426,000(2002: net loss of HK$44,201,000) and the weighted average 
number of 735,527,408 (2002: 641,154,566) ordinary shares in issue during 
the period.  The weighted average number of ordinary shares in issue for 
the six months ended 31 January 2002 used in the calculation of basic loss 
per share has been adjusted to reflect the effect of the rights issue 
completed on 3 December 2002.

Diluted earnings / (loss) per share is not presented as there is no share 
option outstanding during the period.