Listed Company Information
 

SHUN CHEONG<00650> - Results Announcement

Shun Cheong Holdings Limited announced on 15/12/2004:
(stock code: 00650 )
Year end date: 31/03/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/4/2004      from 1/4/2003  
                                     to 30/9/2004       to 30/9/2003  
                               Note  ('000      )       ('000      )
Turnover                           : 249,407            396,829           
Profit/(Loss) from Operations      : (8,423)            10,407            
Finance cost                       : (775)              (1,279)           
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (12,446)           2,558             
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.1073)           0.0221            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (12,446)           2,558             
Interim Dividend                   : Nil                Nil               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : N/A          
Payable Date                       : N/A       
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

                                    
1.      Basis of preparation and principal accounting polices

The unaudited condensed consolidated interim financial statements are 
prepared in accordance with the Hong Kong Statement of Standard Accounting 
Practice No. 25 "Interim Financial Reporting" and the requirements of the 
Appendix 16 of the Rules Governing the Listing of Securities on The Stock 
Exchange of Hong Kong Limited.

These unaudited condensed consolidated interim financial statements should 
be read in conjunction with the annual financial statements for the year 
ended 31 March 2004.  The accounting policies and basis of preparation 
used in preparing these unaudited condensed consolidated interim financial 
statements are consistent with those used in the annual financial 
statements for the year ended 31 March 2004.

2.      Profit/(loss) from operations

Profit/(loss) from operations is arrived at after charging/(crediting):

                                        Six months ended 30 September
                                        2004            2003
                                        (Unaudited)     (Unaudited)
                                        HK$'000         HK$'000

Cost of inventories sold                7,230           11,388
Cost of installation                    218,858         339,896
                                        _______         _______
                                        226,088         351,284
                                        _______         _______
Depreciation                    
    - Owned fixed assets                933             1,136
    - Fixed assets held under finance
        leases                          39              108
Minimum lease payments under operating 
leases in respect of land and buildings 703             793
Staff costs (including directors'
 remuneration)                          24,655          33,302
Loss on disposal of fixed assets        19              -
Recovery of doubtful debts              -               (281)
Interest income                         (14)            (180)
                                        _______         _______
                                        _______         _______

3.      Earnings/(loss) per share

                                        Six months ended 30 September
                                        2004            2003
                                        (Unaudited)     (Unaudited
                                                        and restated)
                                        HK$'000         HK$'000

Earnings/(loss)
Net profit/(loss) attributable to 
shareholders used in
basic earnings/(loss) per share 
calculations                            (12,446)        2,558
                                        __________      __________
                                        __________      __________

Shares
Number of ordinary shares in issue during the period
    used in basic earnings/(loss) per share calculations        
                                        115,930,400     115,930,400
                                        __________      __________
                                        __________      __________

The earnings per share for the six months ended 30 September 2003 has been 
restated to reflect the reduction in number of ordinary shares in issue to 
115,930,400 shares as a result of the Capital Reorganisation (as defined 
in the Company's circular dated 24 August 2004).

The diluted earnings/(loss) per share have not been disclosed as no 
diluting events existed during the six months ended 30 September 2003 and 
2004.