BENEFUN INT'L<01130> - Results Announcement (Summary)

Benefun International Holdings Limited announced on 22/3/2002:
(stock code: 1130)
Year end date: 30/6/2002
Currency: HK$
Auditors' Report: Neither
Review of Interim Report by: Audit Committee 
                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2001    from 1/7/2000
                                           to 31/12/2001    to 31/12/2000
                                           ('000)           ('000)
Turnover                                 : 68,163           61,574
Profit/(Loss) from Operations            : (20,508)         (7,591)
Finance cost                             : (1,093)          (2,074)
Share of Profit/(Loss) of Associates     : (26)             (146)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (21,855)         (9,977)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (2.73 cents)     (1.49 cents)
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (21,855)         (9,977)
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : NIL
Payable Date                             : NIL
B/C Dates for (-) General Meeting        : NIL
Other Distribution for Current Period    : NIL
B/C Dates for Other Distribution         : NIL

Remark:

Loss per share

Basic loss per share

The calculation of basic loss per share is based on the consolidated loss 
attributable to shareholder of $21,855,000 (2000: $9,977,000) and the 
801,929,000 ordinary shares (2000: 668,329,000 ordinary shares) in issue 
during the period.  Fully diluted figures are not shown as there is
no potential dilutive effect for the interim period ended 31 December, 
2001.