SOUTH EAST GP<00726> - Results Announcement

South East Group Limited announced on 19/12/2002:
(stock code: 00726 )
Year end date: 31/3/2003
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                           : 41,317             17,784            
Profit/(Loss) from Operations      : (10,609)           (4,450)           
Finance cost                       : (232)              (678)             
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       : (10,841)           (5,128)           
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.0328)           (0.016)           
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (10,841)           (5,128)           
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. TAXATION

No provision for Hong Kong and overseas profits tax has been made for the 
6 months ended 30 September 2002 as the Group has no assessable profits 
for the period concerned.

2. DIVIDENDS

The Board of Directors does not recommend the payment of a dividend for 
the 6 months ended 30 September 2002.

3. LOSS PER SHARE

The calculation of loss per share is based on the unaudited consolidated 
loss attributable to shareholders of HK$10,841,000 (2001: loss of 
HK$5,128,000) and on 330,571,880 (2001: 330,571,880) shares in issue 
during the year on the assumption that the capital reorganization would 
have been completed in the 6 months financial period ended 30 September 
2001.