APPLIED INT'L<00519> - Results Announcement (Summary) (Revised)

Applied International Holdings Limited announced on 22/10/2001:
(stock codes: Ord: 519 & War: 744)
Year end date: 30/6/2001
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2000    from 1/7/1999
                                           to 30/6/2001     to 30/6/2000
                                           ('000)           ('000)
Turnover                                 : 210,800          226,852
Profit/(Loss) from Operations            : (32,924)         14,219
Finance cost                             : (7,732)          (12,157)
Share of Profit/(Loss) of Associates     : -                38
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (23,495)         20,547
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (2.5 cents)      2.2 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : NIL              NIL
Profit/(Loss) after ETD Items            : (23,495)         20,547
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : NIL              NIL
B/C Dates for Final Dividend             : -
Payable Date                             : -
B/C Dates for Annual General Meeting     : 23/11/2001 to 27/11/2001 bdi.
Other Distribution for Current Period    : NIL
B/C Dates for Other Distribution         : NIL

Remarks:

1. Following the release of the final results announcement of Applied 
International Holdings Limited (the "Company") on Teletext on 22/10/2001, 
the Company subsequently notified the Exchange that due to the consistence 
in adopting the basis to calculate the EPS for the year ended 30th June, 
2000 and 2001, the loss per share for the year ended 30th June 2001 should 
be 2.5 Hong Kong Cents instead of 2.6 Hong Kong Cents.

2. (Loss) earnings per share

The calculation of the basic (loss) earnings per share is based on the net 
loss for the year of HK$23,495,000 (2000: profit of HK$20,547,000) and on 
941,080,745 (2000: weighted average of 948,742,575) ordinary shares of the 
Company in issue during the year.

No diluted (loss) earnings per share has been presented as the exercise 
prices of the Company's outstanding share options and warrants were higher 
than the average market price of the shares of the Company for both years.

The computation of diluted (loss) earnings per share does not assume the 
conversion of the Company's outstanding convertible bonds since their 
exercise would result in a decrease in loss per share in the current year 
and an increase in earnings per share in 2000.

For more details, please refer to the press announcement today.