ARTS OPTICAL<1120> - Results Announcement

Arts Optical International Holdings Limited announced on 2/9/2000:
(stock code: 1120)
Year end date: 31/12/2000
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 30/6/2000     to 30/6/1999

Turnover                                 : 304,467,000      214,067,000
Profit/(Loss) from Operations            : 74,976,000       39,834,000
Finance cost                             : (1,107,000)      (859,000)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 68,282,000       36,124,000
% Change over Last Period                : +89%
EPS/(LPS)-Basic                          : 20.20 cents      10.69 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 68,282,000       36,124,000
Interim Dividend per Share               : 7 cents          2 cents
Special Dividend per Share               : NIL              5 cents
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : 19/9/2000 to 21/9/2000 bdi.
Payable Date                             : 27/9/2000
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

Certain comparative figures have been reclassified to conform with 
requirements under new Statement of Standard Accounting Practice issued by 
the Hong Kong Society of Accountants.

For more details, please refer to the press announcement today.