KEE SHING<00174> - Results Announcement (Summary)

Kee Shing (Holdings) Limited announced on 28/3/2002:
(stock code: 174)
Year end date: 31/12/2001
Currency: HKD
Auditors' Report: Neither
Review of Interim Report by: N/A
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2001    from 1/1/2000
                                           to 31/12/2001    to 31/12/2000
                                
Turnover                                 : 860,920,000      1,053,704,000
Profit from Operations                   : 39,591,000       64,682,000
Finance cost                             : (5,883,000)      (12,602,000)
Share of Profit/(Loss) of Associates     : 1,725,000        (850,000)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 30,756,000       43,878,000
% Change over Last Period                : -29.9%
EPS   -Basic                             : 6.9 cents        9.8 cents
      -Diluted                           : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit after ETD Items                   : 30,756,000       43,878,000
Final Dividend per Share                 : 1.5 cents        3.0 cents
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 17/5/2002 to 23/5/2002 bdi.
Payable Date                             : 21/6/2002
B/C Dates for Annual General Meeting     : 17/5/2002 to 23/5/2002 bdi.
Other Distribution for Current Period    : -                
B/C Dates for Other Distribution         : -                

Remarks:

1) Due to the adoption of new and revised SSAP, certain comparative 
figures have been reclassified to conform with current year presentation.

2)  The calculation of earning per share is based on the net profit for 
the year of HK$30,756,000 (2000: HK$43,878,000) and on 445,500,000 
ordinary shares (2000: 445,500,000 ordinary shares) in issue during the 
year.