DYNAMIC HOLD<00029> - Results Announcement (Summary)

Dynamic Holdings Limited announced on 22/10/2002:
(stock code: 29)
Year end date: 30/6/2002
Currency: HKD
Auditors' Report: Unqualified
Review of Interim Report by: N/A

                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2001    from 1/7/2000
                                           to 30/6/2002     to 30/6/2001
                                           ('000)           ('000)
Turnover                                 : 50,567           294,593
Profit/(Loss) from Operations            : (42,691)         40,753
Finance cost                             : (1,550)          (10,397)
Share of Profit/(Loss) of Associates     : Nil              Nil
Share of Profit/(Loss) of
  Jointly Controlled Entities            : Nil              Nil
Profit/(Loss) after Tax & MI             : (47,597)         21,061
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (21.7 cents)     9.6 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : Nil              Nil
Profit/(Loss) after ETD Items            : (47,597)         21,061
Final Dividend per Share                 : 2 cents          2 cents
(Specify if with other options)          : Nil              Nil
B/C Dates for Final Dividend             : 16/12/2002 to 20/12/2002 bdi.
Payable Date                             : on or about 17/1/2003
B/C Dates for Annual General Meeting     : 16/12/2002 to 20/12/2002 bdi.
Other Distribution for Current Period    : Nil
B/C Dates for Other Distribution         : N/A

Remarks:

(1) (Loss) Profit from operations

(Loss) Profit from operations has been arrived at after (charging) 
crediting the following items arising from continuing operations:-      

                                        Year ended 30th June,
                                        2002            2001
                                        HK$'000         HK$'000
                        
Reversal of impairment in value of properties under development
                                        3,364           12,447
                        
Other operating expenses of pre-development project
                                        (8,129)         -
                        
Deficit arising on revaluation of investment properties 
                                        (60,000)        -
                                        ----------      -----------
                                
(2) Basic and diluted loss per share

The calculation of basic loss per share is based on a loss for the year of 
HK$47,597,000 and on the weighted average number of 219,103,681 ordinary 
shares in issue throughout the year.

Diluted loss per share is not shown as there was no dilution effect on the 
loss per share in the year.