UNITED PACIFIC<00176> - Results Announcement (Summary)

United Pacific Industries Limited announced on 20/12/2001:
(stock code: 176)
Year end date: 31/3/2002
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2001    from 1/4/2000
                                           to 30/9/2001     to 30/9/2000

Turnover                                 : 202,635,382      378,588,641
Profit/(Loss) from Operations            : 2,520,696        57,320,946
Finance cost                             : (36,697)         (478,842)
Share of Profit/(Loss) of Associates     : (1,160,959)      (19,697)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 570,933          51,537,607
% Change over Last Period                : -98.9%
EPS/(LPS)-Basic                          : 0.10 cent        9.24 cents
         -Diluted                        : 0.10 cent        N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 570,933          51,537,607
Interim Dividend per Share               : 8 cents          5 cents
(Specify if with other options)          : N/A              N/A
B/C Dates for Interim Dividend           : 14/1/2002 to 17/1/2002 bdi.
Payable Date                             : on or before 31/1/2002
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                              

The  calculation of the basic and diluted earnings per share for the 
periods ended 30th September, 2001 and 2000 is computed based on the 
following data:

                                        1.4.2001 to        1.4.2000 to
                                         30.9.2001          30.9.2000
                                            HK$                HK$

Earnings:                               
Net profit for the period and 
  earnings for the purposes of 
  basic and diluted earnings 
  per share                                570,933         51,537,607 
                                           =======         ==========
Number of shares:                               
Weighted average number of shares 
 for the purpose of basic earnings 
 per share                              557,538,400       558,058,400 
                                                          ===========
Effect of dilutive potential shares:                            
  Share options                              53,656          
                                        -----------
Weighted average number of shares 
  for the purpose of diluted earnings 
  per share                              557,592,056             
                                         ===========

No diluted earnings per share had been presented for the previous period 
as the exercise price of the Compay's outstanding share options was higher 
than the average market price of the Company's shares for that period.