UNITED PACIFIC<00176> - Results Announcement

United Pacific Industries Limited announced on  21/7/2003:
(stock code: 00176 )
Year end date: 31/3/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/4/2002      from 1/4/2001  
                                     to 31/3/2003       to 31/3/2002  
                               Note  ($         )       ($         )
Turnover                           : 320,800,357        365,896,068       
Profit/(Loss) from Operations      : (17,559,653)       (8,136,609)       
Finance cost                       : (164,045)          (21,521)          
Share of Profit/(Loss) of 
  Associates                       : (523,067)          (7,057,780)       
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (17,815,817)       (14,490,521)      
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.032)            (0.026)           
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (17,815,817)       (14,490,521)      
Final Dividend                     : 4 cents            NIL               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 25/8/2003          to 28/8/2003 bdi.
Payable Date                       : 30/9/2003 
B/C Dates for Annual         
  General Meeting                  : 25/8/2003          to 28/8/2003 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

                 
LOSS PER SHARE

        The calculation of loss per share is based on the net loss for the 
year of HK$17,815,817 (2002: loss of HK$14,490,521) and the weighted 
average of 557,230,778 (2002: 557,538,400) shares in issue during the 
year.

        No diluted loss per share has been presented as the exercise of 
the Company's outstanding share options would reduce the loss per share 
for both years.