TAI SANG LAND<0089> - Results Announcement

Tai Sang Land Development Limited announced on 6/9/2000:
(stock code: 89)
Year end date: 31/12/2000
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 30/6/2000     to 30/6/1999
                                           ('Million)       ('Million)
Turnover                                 : 94.7             96.0
Profit/(Loss) from Operations            : 94.3             50.3
Finance cost                             : (17.3)           (15.5)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 71.8             31.7
% Change over Last Period                : +126%
EPS/(LPS)-Basic                          : 25 cents         11 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 71.8             31.7
Interim Dividend per Share               : 10 cents         10 cents
Special Dividend per Share               : 5 cents          Nil
(Specify if with other options)          : -                -
Record Dates for Interim & Special 
  Dividend                               : At the close of business on
                                           27/9/2000
Payable Date                             : 10/10/2000
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

Profit from operation for the current period included gains on disposal of 
investment property and land and building for resale of $47.7 million, 
i.e. the profit from continuing operation was $46.6 million.  The 
comparative figure for 1999 has been restated to exclude finance cost.