TAI SANG LAND<00089> - Results Announcement (Summary)

Tai Sang Land Development Limited announced on 6/9/2002:
(stock code: 89)
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2002    from 1/1/2001
                                           to 30/6/2002     to 30/6/2001
                                           ('Million)       ('Million)
Turnover                                 : 100.2            106.5
Profit/(Loss) from Operations            : 35.8             55.4
Finance cost                             : (11.2)           (15.6)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 19.8             35.4
% Change over Last Period                : -44%
EPS/(LPS)-Basic                          : 6.9 cents        12.3 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 19.8             35.4
Interim Dividend per Share               : 6 cents          9 cents
(Specify if with other options)          : -                -
Record Dates for Interim Dividend        : At the close of business on 
                                           30/9/2002
Payable Date                             : 7/10/2002
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A