SHUI ON CONS<0983> - Results Announcement

Shui On Construction and Materials Limited announced on 26/6/2000:
(stock code: 983)
Year end date: 31/3/2000
Currency: HKD                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/1999    from 1/4/1998
                                           to 31/3/2000     to 31/3/1999
                                           ('000)           ('000)
Turnover
    - Continuing                         : 5,985,242        5,375,963
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : 576,601          443,913
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 576,601          443,913
Share of Profit/(Loss) of
  Associated Companies                   : 15               (9)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 35,165           39,580
Profit/(Loss) after Tax  & MI            : 503,132          408,319
% Change over Last Period                : +23.2%
EPS/(LPS)-Basic                          : $1.92            $1.57
         -Diluted                        : $1.91            $1.57
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 503,132          408,319
Final Dividend per Share                 : $1.25            $1.00
(Specify if with other options)          : Nil              Nil
B/C Dates for Final Dividend             : 29/8/2000 to 5/9/2000 bdi.
Payable Date                             : 20/9/2000
B/C Dates for Annual General Meeting     : 29/8/2000 to 5/9/2000 bdi.
Other Distribution for Current Period    : Nil
B/C Dates for Other Distribution         : N/A

Remark:
The calculation of diluted earnings per share for the current year is 
based on the following data:

                                           HK$'000
Earnings for the purposes of diluted
 earnings per share                        503,132
                                           =======

                                           '000
Weighted average number of ordinary
 shares for the purposes of basic
 earnings per share                        261,532

Effect of dilutive potential ordinary
 shares:
 Share options                             1,661
                                           ---------
Weighted average number of ordinary
 shares for the purposes of diluted
 earnings per share                        263,193
                                           =======