VITASOY INT'L<00345> - Results Announcement (Summary)

Vitasoy International Holdings Limited announced on 30/11/2001:
(stock code: 345)
Year end date: 31/3/2002
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2001    from 1/4/2000
                                           to 30/9/2001     to 30/9/2000
                                           ('000)           ('000)
Turnover                                 : 1,103,522        1,003,941
Profit from Operations                   : 72,458           91,879
Finance cost                             : (8,394)          (6,141)
Share of (Loss) of Associates            : (3,207)          (86)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 0                0
Profit/(Loss) after Tax & MI             : 48,726           65,693
% Change over Last Period                : -25.83%
EPS/(LPS)-Basic                          : 5.0 cents        6.7 cents
         -Diluted                        : 5.0 cents        6.7 cents
Extraordinary (ETD) Gain/(Loss)          : 0                0
Profit/(Loss) after ETD Items            : 48,726           65,693
Interim Dividend per Share               : 2.8 cents        2.8 cents
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : 19/12/2001 to 20/12/2001 bdi.
Payable Date                             : 28/12/2001
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remark:

Earnings per share

(a) Basic earnings per share

Basic earnings per share is calculated by using the profit attributable to 
shareholders of HK$48,726,000 (2000: HK$65,693,000) and the weighted 
average number of 974,417,000 shares (2000: 974,402,000 shares) in issue 
during the period.

(b) Diluted earnings per share

The calculation of diluted earnings per share is based on the profit 
attributable to shareholders of HK$48,726,000 (2000: HK$65,693,000) 
and the weighted average number of 976,113,000 shares (2000: 974,951,000 
shares) in issue during the period after adjusting for the effects of all 
dilutive potential ordinary shares.
 
(c) Reconciliation
                                      Six months ended 30th September,
                                                 2001           2000
                                                Number of       Number of
                                                Shares          Shares
                                                '000            '000
Weighted average number of shares used in
        calculating basic earnings per share    974,417         974,402
Deemed issue of shares for no consideration
        arising from share options              1,696           549
                                                ________        ________
Weighted average number of shares used in 
        calculating diluted earnings per share  976,113         974,951
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