KERRY PPT<0683> - Results Announcement

Kerry Properties Limited announced on 18/8/2000:
(stock code: 683)
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
    - Continuing                         : 1,492,633        1,409,606
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : 602,568          668,160
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 602,568          668,160
Share of Profit/(Loss) of
  Associated Companies                   : 114,484          17,538
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 602,737          659,638
% Change over Last Period                : -9%
EPS/(LPS)-Basic                          : 53.89 cents      59.01 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 602,737          659,638
Interim Dividend per Share               : 20 cents         20 cents
(Specify if with other options)          : (scrip           (scrip
                                           alternative)     alternative)
B/C Dates for Interim Dividend           : 5/9/2000 to 7/9/2000 bdi.
Payable Date                             : 19/10/2000
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remark:

EPS - The calculation of earnings per share is based on the profit 
attributable to shareholders of HK$602,737,000 (1999: HK$659,638,000) and 
the weighted average number of 1,118,471,018 shares (1999: 1,117,934,174 
shares) in issue during the period.

Diluted earnings per share has not been shown as there is no dilution 
arising from the outstanding convertible bonds issued by the Group and the 
outstanding share options granted by the Company in previous years and the 
dilution from the outstanding share options granted by the Company in the 
current year is immaterial.