KEE SHING<00174> - Results Announcement

Kee Shing (Holdings) Limited announced on 28/03/2003:
(stock code: 00174 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2002    from 01/01/2001
                                     to 31/12/2002      to 31/12/2001 
                               Note  ($         )       ($         )
Turnover                           : 1,072,821,000      860,920,000       
Profit/(Loss) from Operations      : 17,542,000         39,591,000        
Finance cost                       : (4,363,000)        (5,883,000)       
Share of Profit/(Loss) of 
  Associates                       : (1,235,000)        1,725,000         
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 4,152,000          30,756,000        
% Change over Last Period          : -86.5     %
EPS/(LPS)-Basic (in dollars)       : 0.009              0.069             
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 4,152,000          30,756,000        
Final Dividend                     : 1.5 cents          1.5 cents         
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 23/05/2003         to 28/05/2003bdi.
Payable Date                       : 27/06/2003
B/C Dates for Annual         
  General Meeting                  : 23/05/2003         to 28/05/2003bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:


The calculation of earnings per share is based on the net profit for the 
year of HK$4,152,000 (2001: HK$30,756,000) and on 445,500,000 ordinary 
shares (2001: 445,500,000 ordinary shares) in issue during the year.