KEE SHING<0174> - Results Announcement

Kee Shing (Holdings) Limited announced on 13/4/1999:
(stock code: 174)
Year end date: 31/12/1998
Currency: HK$
                                                            Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/1998    from 1/1/1997
                                           to 31/12/1998    to 31/12/1997

Turnover/Interest Income                 : 1,826,177,000    2,096,755,000
Profit-Continuing Operations
    - Operating Profit/(Loss)            : 92,962,000       75,191,000
    - Exceptional Items                  : (10,912,000)     (37,126,000)
    - Discontinued Operations            : -                -
Total Operating Profit/(Loss)            : 82,050,000       38,065,000
Share of Profit/(Loss) of
  Associated Companies                   : -                -
Profit/(Loss) after Tax & MI             : 69,508,000       27,235,000
% Change over Last Period                : +155.2%
EPS/(LPS)-Basic                          : 15.6 cents       6.1 cents
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 69,508,000       27,235,000
Final Dividend per Share                 : 3.5 cents        2.0 cents
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 24/5/1999 to 28/5/1999 bdi.
Payable Date                             : 5/7/1999
B/C Dates for Annual General Meeting     : 24/5/1999 to 28/5/1999 bdi.
Other Distribution for Current Period    : Nil
B/C Dates for Other Distribution         : -                

Remarks:

(1) The EPS is based on the 445,500,000 shares (1997: 445,500,000) in 
issue during the year.

(2) Exceptional items:
                                                 1998           1997
                                                HK$'000        HK$'000
- Provision for diminution in value of short term
   Investments                                  (6,066)       (33,916)
- Provision for diminution in value of 
   Investments                                     -           (7,000)
- Gain on disposal of properties                   -            3,790
- Exchange loss                                (12,212)           -
- Deficit arising on revaluation of investment
    properties                                  (7,892)           -
- Gain in disposal of short term investments    15,258            -
                                              ----------     ----------
                                               (10,912)       (37,126)
                                               ========       ========

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