SKYWORTHDIGITAL<00751> - Results Announcement

Skyworth Digital Holdings Limited announced on  22/7/2003:
(stock code: 00751 )
Year end date: 31/3/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/4/2002      from 1/4/2001  
                                     to 31/3/2003       to 31/3/2002  
                               Note  ('000      )       ('000      )
Turnover                           : 8,002,313          5,604,714         
Profit/(Loss) from Operations      : 284,943            82,331            
Finance cost                       : (538)              (3,976)           
Share of Profit/(Loss) of 
  Associates                       : (333)              N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (7,588)            (1,389)           
Profit/(Loss) after Tax & MI       : 213,580            62,238            
% Change over Last Period          : +243      %
EPS/(LPS)-Basic (in dollars)       : 0.1017             0.0303            
         -Diluted (in dollars)     : 0.0949             0.0251            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 213,580            62,238            
Final Dividend                     : 4.5 cents          3 cents           
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 19/8/2003          to 25/8/2003 bdi.
Payable Date                       : 4/9/2003  
B/C Dates for Annual         
  General Meeting                  : 19/8/2003          to 25/8/2003 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

                                                        
1. EARNINGS (LOSS) PER SHARE                                            
        
                                                        
The calculation of the basic and diluted earnings per share for the year 
ended 31 March 2003 is based on the following data:                     
                        
                                                        HK$'000
Net profit for the purposes of basic 
earnings per share:                                     213,580
  Net profit for the year                                               
                                                        
Effect of dilutive potential ordinary shares:                           
                
  Adjustment to the earnings of subsidiaries in respect
    of the effect of its dilutive potential ordinary shares             
                                                        (8,819)
                                                                         
                                        
                                                        -----------
Net profit for the purposes of diluted earnings per share               
                                                        204,761
                                                        ===========     
                        
                                                        
Weighted average number of ordinary shares for the
  purpose of basic earnings per share                                   
                                                        2,100,931,660
                                                        
Effect of dilutive potential ordinary shares:                             
  Share options                                         57,145,640
                                                        
Weighted average number of ordinary shares for purpose  ----------------
 of diluted earnings per shares                                         
                                                        2,158,077,300
                                                        ================        
                                                
The calculation of the basic earnings per share for the year ended 31 
March 2002 is based on the net profit for the year of HK$62,238,000 and on 
the weighted average number of 2,057,374,044 ordinary shares in issue 
during the year ended 31 March 2002.    


2. FINANCE COSTS                        
                                                        2003    2002
                                                        HK$'000 HK$'000
Interest on bank borrowings             
  - wholly repayable within five years                  406     3,361
  - not wholly repayable within five years              132     615
                                                        ------- --------
                                                        538     3,976
                         
                        
Bank charges of HK$4,744,000 and net foreign exchange losses of HK$255,000 
in prior year was reclassified from finance costs to include in general 
and administrative expenses to conform with the current year's 
presentation.