PAC CHALLENGE<0166> - Results Announcement

Pacific Challenge Holdings Limited announced on 17/8/2000:
(stock code: 166)
Year end date: 31/3/2000
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/1999    from 1/4/1998
                                           to 31/3/2000     to 31/3/1999
                                           ('000)           ('000)
Turnover
    - Continuing                         : 132,606          82,385
    - Discontinued                       : 0                0
Operating Profit/(Loss)
    - Continuing                         : 41,584           31,211
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 41,584           31,211
Share of Profit/(Loss) of
  Associated Companies                   : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 35,524           31,036
% Change over Last Period                : +14.5%
EPS/(LPS)-Basic                          : 15 cents         15 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 35,524           31,036
Final Dividend per Share                 : NIL              8 cents
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

Earnings Per Share

Earnings per share was calculated based on the consolidated profit 
attributable to shareholders for the year of approximately $35,524,000 
(1999 - $31,036,000) and on the weighted average number of 238,880,000 
(1999 - 206,974,794) shares in issue during the year.

Fully diluted earnings per share is not shown as there are no share 
options, warrants or any other convertible instruments which could cause 
dilution.