HAYWOOD INV<00905> - Results Announcement (Summary)

Haywood Investments Limited announced on 23/9/2002:
(stock code: 905)
Year end date: 31/12/2002
Currency: HK$
Auditors' Report: N/A
Review of Interim Report by: Audit Committee 

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2002    from 1/1/2001
                                           to 30/6/2002     to 30/6/2001
                                           ('000)           ('000)
Turnover                                 : 623              212
Profit/(Loss) from Operations            : (3,016)          (8,937)
Finance cost                             : NIL              NIL
Share of Profit/(Loss) of Associates     : NIL              NIL
Share of Profit/(Loss) of
  Jointly Controlled Entities            : NIL              NIL
Profit/(Loss) after Tax & MI             : (3,016)          (8,937)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (2.69 cents)     (8.94 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : NIL              NIL
Profit/(Loss) after ETD Items            : (3,016)          (8,937)
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : -
Payable Date                             : -
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : NIL
B/C Dates for Other Distribution         : -

Remark:

Loss per share

The calculation of the loss per share is based on the loss for six months 
ended 30th June, 2002 of approximately HK$3,016,000 (six months ended 30th 
June, 2001: loss of approximately HK$8,937,000) and on the weighted 
average number of 111,933,702 shares (six months ended 30th June, 2001: 
100,000,000 shares) in issue during the period.