ASSO INT HOTELS<00105> - Results Announcement

Associated International Hotels Limited announced on 10/07/2003:
(stock code: 00105 )
Year end date: 31/03/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2002    from 01/04/2001
                                     to 31/03/2003      to 31/03/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 412,739            390,940           
Profit/(Loss) from Operations   1  : 151,022            141,233           
Finance cost                       : (563)              (960)             
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    2  : 96,511             108,259           
% Change over Last Period          : -10.9     %
EPS/(LPS)-Basic (in dollars)    3  : 0.27               0.3               
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 96,511             108,259           
Final Dividend                     : HK$0.07            HK$0.20           
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 22/09/2003         to 26/09/2003bdi.
Payable Date                       : 06/10/2003
B/C Dates for Annual         
  General Meeting                  : 22/09/2003         to 26/09/2003bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

Associated International Hotels Limited

* Notes:

(1) The figure for the last financial year has been reclassified to
    conform with the current year's presentation.

(2) The profit after Taxation & MI for the year ended 31 March 
    2003 is arrived after charging impairment loss of 
    HK$29,397,000 (2002: HK$9,807,000) in respect of other 
    properties and land held for development.

(3) The calculation of basic earnings per share is based on the 
    profit attributable to shareholders of HK$96,511,000 
    (2002: HK$108,259,000) and 360,000,000 (2002: 360,000,000) 
    ordinary shares in issue during the year.  There were no 
    potential dilutive ordinary shares in existence in 2002 and 2003.