UNITY INV HOLD<00913> - Results Announcement

Unity Investments Holdings Limited announced on 05/09/2003:
(stock code: 00913 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2003    from 01/01/2002
                                     to 30/06/2003      to 30/06/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 14,343             19,761            
Profit/(Loss) from Operations      : (4,640)            (1,273)           
Finance cost                       : (375)              0                 
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       : (5,014)            (1,309)           
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.0251)           (0.0065)          
         -Diluted (in dollars)     : N/A                (0.0065)          
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (5,014)            (1,309)           
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 Group is principally engaged in the investment in listed 
companies.  Revenues of the Group recognized during the Period are as 
follows:
                                                   Six months ended
                                                       30th June
                                                   2003         2002
                                                   HKS'000      HKS'000

Turnover
 Proceeds from sale of trading securities          14,343       19,761

Other revenues
 Interest Income                                       0           583
 Dividend income from investments in securities       182          307
 Other income                                          0           10
                                                ----------------------
                                                      182         900
                                                ---------------------
 Total Revenues                                    14,525       20,661
                                                ========================

(2)    Loss before taxation is stated after charging depreciation of 
approximately HK$80,000 (2002: HK$174,000).

(3)   Operating loss is stated after crediting and charging the 
following:
        
                                                    Unaudited
                                                  Six months ended
                                                    30th June
                                                2003            2002
                                                HK$'000         HK$'000
        Charging                        
        Depreciation                            80              174 
        Staff cost, including directors' remuneration   
                                                614             1,140 
        Operating leases - Land and buildings   360             174 
                                                -----------------------
                                

(4) The basic and diluted loss per share is based on the weighted average 
of 200,000,004 (2002: 200,000,004) ordinary shares in issue during the 
Period.  The number of ordinary shares in issue during the Period and the 
six months ended 30th June 2002 has been adjusted retrospectively after 
taking into account the one to one bonus issue of shares of the Company 
effected on 24th May 2002.  

The diluted loss per share for the Period is the same as the basic loss 
per share as all potential ordinary shares are anti-dilutive.