WAH YIK HOLD<0862> - Results Announcement

Wah Yik Holdings Company Limited announced on 25/5/2000:
(stock codes: Ord: 862 & War: 721)
Year end date: 31/12/1999
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/1999    from 1/1/1998
                                           to 31/12/1999    to 31/12/1998
                                           ('000)           ('000)
Turnover
    - Continuing                         : 52,360           91,932
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : (15,923)         54,726
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : (15,923)         54,726
Share of Profit/(Loss) of
  Associated Companies                   : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (20,775)         44,054
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (1.04 cents)    2.60 cents
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (20,775)         44,054
Final Dividend per Share                 : Nil              0.5 cent
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : -
Payable Date                             : -
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remarks:

(1) Dividend

Proposed - nil (1998: HK0.5 cent) per ordinary share, adjusted for the 
subdivision of 1 ordinary share of HK$0.10 each into 10 ordinary shares of 
HK$0.01 each (the "Subdivision").

(2) EARNINGS/(LOSS) PER SHARE

The calculation of basic loss per share is based on the net loss
attributable to shareholders for the year of HK$20,775,000(1998: profit of 
HK$44,054,000), and the weighted average of 2,000,000,000 (1998: 
1,687,671,230) ordinary shares, adjusted for the Subdivision, in issue 
during the year.

The diluted loss per share for the year ended 31 December 1999 has
not been shown as the warrants outstanding during the year had an 
anti-dilutive effect on the basic loss per share for the year.  The 
diluted earnings per share for the year ended 31 December 1998 has not 
been calculated as no diluting events existed during the last year.