GLORIOUS SUN<0393> - Results Announcement

Glorious Sun Enterprises Limited announced on 12/12/2000:
(stock code: 393)
Year end date: 31/3/2001
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2000    from 1/4/1999
                                           to 30/9/2000     to 30/9/1999
                                           ('000)           ('000)
Turnover                                 : 1,581,097        1,614,892
Profit/(Loss) from Operations            : 216,805          227,716
Finance cost                             : (19,802)         (21,465)
Share of Profit/(Loss) of Associates     : 29,111           21,344
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 4,459            267
Profit/(Loss) after Tax & MI             : 130,500          130,498
% Change over Last Period                : +0.0015%
EPS/(LPS)-Basic                          : 13.04 cents      13.05 cents
         -Diluted                        : 12.98 cents      N/A
Extraordinary (ETD) Gain/(Loss)          : Nil              Nil
Profit/(Loss) after ETD Items            : 130,500          130,498
Interim Dividend per Share               : 3.30 cents       3.30 cents
(Specify if with other options)          : Nil              Nil
B/C Dates for Interim Dividend           : 28/12/2000 to 2/1/2001 bdi.
Payable Date                             : 4/1/2001
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

(1) Earnings per share

(a) Basic earnings per share

The calculation of basic earnings per share is based on the net profit 
attributable to shareholders for the six months ended 30 September 2000 of 
HK$130,500,000 (1999: HK$130,498,000) and the weighted average of 
1,000,584,000 (1999: 1,000,070,164) shares in issue during the period.

(b) Diluted earnings per share

The calculation of diluted earnings per share for 2000 is based on the net 
profit attributable to shareholders for the six months ended 30 September 
2000 of HK$130,500,000 and the weighted average of 1,005,611,463 shares in 
issue during the period.  Included in the earnings per share calculation 
is the weighted average number of 5,027,463 shares which are deemed to be 
issued at no consideration if all outstanding share options were 
exercised.

As the subscription prices of the share options outstanding during the six 
months ended 30 September 1999 were higher than the respective average 
market price of the Company's shares during that period, there was no 
dilution effect on the basic earnings per share.

(2)  Comparative figures

Due to the adoption of SSAP 2.101 "Presentation of Financial Statements", 
certain comparative figures have been extended to conform with the current 
period's presentation.