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

Applied International Holdings Limited announced on 25/10/2002:
(stock codes: Ord: 519 & War: 744)
Year end date: 30/6/2002
Currency: HK$
Auditors' Report: Unqualified
Review of Interim Report by: N/A

                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2001    from 1/7/2000
                                           to 30/6/2002     to 30/6/2001
                                           ('000)           ('000)
Turnover                                 : 191,895          210,800
Profit/(Loss) from Operations            : (34,671)         (32,924)
Finance cost                             : (5,259)          (7,732)
Share of Profit/(Loss) of Associates     :    -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            :    -                -
Profit/(Loss) after Tax & MI             : (27,917)         (23,495)
% Change over Last Period                : N/A 
EPS/(LPS)-Basic                          : (3.0 cents)      (2.5 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : Nil              Nil
Profit/(Loss) after ETD Items            : (27,917)         (23,495)
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     : 20/11/2002 to 22/11/2002 bdi.
Other Distribution for Current Period    : Nil              
B/C Dates for Other Distribution         : Nil              

Remark:

Loss per share

The calculation of the basic loss per share is based on the net loss for 
the year of HK$27,917,000 (2001: loss of HK$23,495,000) and on 941,080,745 
(2001: 941,080,745) ordinary shares of the Company in issue during the 
year.

No diluted loss 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.