TAI SANG LAND<00089> - Results Announcement

Tai Sang Land Development Limited announced on 28/03/2003:
(stock code: 00089 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2002      from 1/1/2001  
                                     to 31/12/2002      to 31/12/2001 
                               Note  ('Million  )       ('Million  )
Turnover                           : 209.8              202.4             
Profit/(Loss) from Operations      : 82.5               87.5              
Finance cost                       : (22)               (28.3)            
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       : 51.5               50.5              
% Change over Last Period          : +2        %
EPS/(LPS)-Basic (in dollars)       : 0.179              0.176             
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 51.5               50.5              
Final Dividend                     : 5 cents            7 cents           
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 23/5/2003          to 30/05/2003bdi.
Payable Date                       : 30/5/2003 
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A