SHUI ON CONS<00983> - Results Announcement (Summary)

Shui On Construction and Materials Limited announced on 27/11/2001:
(stock code: 983)
Year end date: 31/3/2002
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2001    from 1/4/2000
                                           to 30/9/2001     to 30/9/2000
                                           ('Million)       ('Million)
Turnover                                 : 2,002            2,409
Profit/(Loss) from Operations            : 94               294
Finance cost                             : (1)              (1)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : (3)              14
Profit/(Loss) after Tax & MI             : 72               254
% Change over Last Period                : -71.65%
EPS/(LPS)-Basic                          : $0.27            $0.97
         -Diluted                        : $0.27            $0.96
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 72               254
Interim Dividend per Share               : $0.15            $0.60
(Specify if with other options)          : N/A              N/A
B/C Dates for Interim Dividend           : 17/12/2001 to 21/12/2001 bdi
Payable Date                             : 9/1/2002
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

The calculation of basic and diluted earnings per share for the 
current period is based on the following data:
                                                                          
                                                               HK$ million
Earnings of the purposes of basic and diluted
 earnings per share                                                     72
                                                               =========== 
                                                                   Million
Weighted average number of ordinary shares for 
  the purposes of basic earnings per share                             264

Effect of dilutive potential ordinary shares:
  Share options                                                          -
                                                                ----------
Weighted average number of ordinary shares for
  the purposes of diluted earnings per share                           264
                                                                ==========