SUN EAST TECH<00365> - Results Announcement

Sun East Technology (Holdings) Limited announced on 27/12/2002:
(stock code: 00365 )
Year end date: 31/03/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2002    from 01/04/2001
                                     to 30/09/2002      to 30/09/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 271,905            218,645           
Profit/(Loss) from Operations      : (17,858)           29,860            
Finance cost                       : (1,030)            (348)             
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (20,441)           25,679            
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.0655)           0.0823            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (20,441)           25,679            
Interim Dividend                   : NIL                NIL               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : N/A          
Payable Date                       : N/A       
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

(1) The Company was listed on 16 October, 2000.  The consolidated interim 
financial statements have been prepared in accordance with Statement of 
Standard Accounting Practice No. 25 "Interim financial reporting" issued 
by the Hong Kong Society of Accountants.  The accounting policies and 
methods of computation used in the preparation of the interim financial 
statements are consistent with those used in the Group's annual financial 
statements for the year ended 31 March, 2002.

(2) The calculations of earning/(loss) per share are based on the net loss 
from ordinary activities attributable to shareholders for the period of 
approximately HK$20,441,000 (2001: profit of HK$25,679,000), and the 
issued share capital of 312,000,000 shares (2001: 312,000,000 shares).  
Diluted earning per share has not been calculated as no diluting event 
existed during the period.