UNIVERSE INT'L<01046> - Results Announcement (Summary)

Universe International Holdings Limited announced on 18/3/2002:
(stock code: 1046)
Year end date: 30/6/2002
Currency: HKD
Auditors' Report: Neither
Review of Interim Report by: Both Audit Committee and Auditors

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2001    from 1/7/2000
                                           to 31/12/2001    to 31/12/2000
                                           ('000)           ('000)
Turnover                                 : 160,440          141,026
Profit/(Loss) from Operations            : 30,763           31,842
Finance cost                             : (1,685)          (3,577)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 24,459           24,025
% Change over Last Period                : +1.8%
EPS/(LPS)-Basic                          : 2.57 cents       2.54 cents
         -Diluted                        : 2.33 cents       2.32 cents
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 24,459           24,025
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : -                -
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. Basis of calculation for EPS of the current period

a) Basic Earning Per Share:     

The calculation of basic EPS is based on the Group's profit attributable 
to shareholders of approximately HK$24,459,000 (2000: HK$24,025,000) and 
on the weighted average of 952,976,616 ordinary shares in issue (2000: 
945,000,000 ordinary shares) during the period.

b) Diluted Earning Per Share: 

The calculation of diluted EPS is based on the Group's profit attributable 
to shareholders of approximately HK$24,459,000 (2000: HK$24,025,000) plus 
interest after taxation on convertible notes of approximately HK$462,000 
(2000: HK$391,000) and on 1,068,543,849 ordinary shares (2000: 
1,053,231,711 ordinary shares), which is the weighted average number of 
ordinary shares in issue during the period plus the weighted average of 
115,567,233 ordinary shares (2000: 108,231,711 ordinary shares) deemed to 
be issued if all outstanding options and convertible notes had been 
exercised. 

2. Turnover has been reclassified to conform to the current period's 
presentation.