UBA INVESTMENTS<00768> - Results Announcement (Summary)

UBA Investments Limited announced on 15/11/2001:
(stock codes: Ord: 768 & War: 352)
Year end date: 31/3/2002
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2001    from 1/4/2000
                                           to 30/9/2001     to 30/9/2000

Turnover                                 : 5,890,378        35,911,229
Profit/(Loss) from Operations            : (2,199,350)      (8,493,991)
Finance cost                             : (703)            (6,180)
Share of Profit/(Loss) of Associates     : 0                0
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 0                0
Profit/(Loss) after Tax & MI             : (2,200,053)      (7,841,613)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (0.0022)         (0.0078)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : 0                0
Profit/(Loss) after ETD Items            : (2,200,053)      (7,841,613)
Interim Dividend per Share               : Nil              Nil
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

1. Turnover for the period is as follows:

                                        Six months ended 30 September
                                        2001            2000
                                        (Unaudited)     (Unaudited)
                                        HK$             HK$
Proceed from sale of listed securities  5,890,378       35,036,022
Dividend income from listed securities  0               875,207
                                        ---------------------------
                                        5,890,378       35,911,229
                                        ==========================

2. The Group has not disclosed business segment nor geographical 
information as required under SSAP26, as the Group has one single business 
segment, investment holding, and it only operates in Hong Kong.

3. Losses per share

The calculation of losses per share is based on the net losses for the 
period of HK$2,200,053 (2000: HK$7,841,613) and the weighted average 
number of ordinary shares of 1,010,714,000 shares (2000: 
1,000,000,000 shares) in issue during the period.  No diluted earnings per 
share for 2000 and 2001 are presented as the effect arising from the 
exercise of outstanding warrants is anti-dilutive.