CHINA APOLLO<0512> - Results Announcement

China Apollo Holdings Limited announced on 20/9/2000:
(stock code: 512)
Year end date: 31/12/2000
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 30/6/2000     to 30/6/1999
                                           ('000)           ('000)
Turnover                                 : 89,613           81,026
Profit/(Loss) from Operations            : (63,683)         (13,575)
Finance Income, net                      : 717              1,386
Share of Profit/(Loss) of Associates     : (2,723)          (845)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : N/A              N/A
Profit/(Loss) after Tax & MI             : (64,660)         (13,222)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (7.93 cents)     (1.62 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : Nil              Nil
Profit/(Loss) after ETD Items            : (64,660)         (13,222)
Interim Dividend per Share               : Nil              Nil
(Specify if with other options)          : Nil              Nil
B/C Dates for Interim 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

Remarks:

(1) Loss per share

The calculation of loss per share for the six months ended 30th June, 2000 
was based on the consolidated loss attributable to shareholders of 
approximately HK$64,660,000 (1999 - loss of HK$13,222,000) and the 
815,100,000 shares (1999 - 815,100,000 shares) in issue during the period.

Diluted loss per share for 2000 and 1999 are not shown as there was no 
dilution effect on the potential ordinary shares arising from the exercise 
of the outstanding share options because the exercise prices of the share 
options were greater than the average market prices.

(2) Comparative figures

Since the Group has adopted the revised Statement of Standard Accounting 
Practice ("SSAP") no. 1 (Presentation of Financial Statements), certain 
comparative figures in 1999 have been reclassified to conform to the 
current period's presentation.