BENEFUN INT'L<01130> - Results Announcement

Benefun International Holdings Limited announced on  21/3/2003:
(stock code: 01130 )
Year end date: 30/6/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/7/2002      from 1/7/2001  
                                     to 31/12/2002      to 31/12/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 81,689             68,163            
Profit/(Loss) from Operations      : 2,592              (20,508)          
Finance cost                       : (709)              (1,093)           
Share of Profit/(Loss) of 
  Associates                       : N/A                (26)              
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 1,642              (21,855)          
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.0017             (0.0273)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 1,642              (21,855)          
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:

Basic earnings/(loss) per share

The calculation of basic earnings per share is based on the consolidated 
profit attributable to shareholders of $1,642,000 (2001: loss of 
$21,855,000) divided by the weighted average of 961,929,000 ordinary 
shares (2001: 801,929,000 ordinary shares) in issue during the period.  
Fully diluted figures are not shown as there is no potential dilutive 
effect for the interim periods ended 31 December 2001 and 2002.