SHUN CHEONG<0650> - Results Announcement

Shun Cheong Holdings Limited announced on 20/7/1999:
(stock code: 650)
Year end date: 31/3/1999
Currency: HK$
                                                            Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/1998    from 1/4/1997
                                           to 31/3/1999     to 31/3/1998

Turnover/Interest Income                 : 602,346,000      497,087,000
Profit-Continuing Operations
    - Operating Profit/(Loss)            : 21,453,000       19,700,000
    - Exceptional Items                  : -                -
    - Discontinued Operations            : -                -
Total Operating Profit/(Loss)            : 21,453,000       19,700,000
Share of Profit/(Loss) of
  Associated Companies                   : 4,000            (9,000)
Profit/(Loss) after Tax & MI             : 18,025,000       17,003,000
% Change over Last Period                : +6.01%
EPS/(LPS)-Basic                          : 5.55 cents       5.24 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 18,025,000       17,003,000
Final Dividend per Share                 : 1.5 cents        1 cent
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 8/9/1999 to 13/9/1999 bdi.
Payable Date                             : On or before 30/9/1999
B/C Dates for Annual General Meeting     : 8/9/1999 to 13/9/1999 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

Earnings per share

Earnings per share has been calculated using the audited consolidated
profit attributable to shareholders for the year of approximately
HK$18,025,000 (1998-profit of approximately HK$17,003,000) and
the weighted average number of 325,041,600 (1998 - 324,287,850)
shares in issue during the year ended 31st March 1999.