UBA INVESTMENTS<00768> - Results Announcement (Summary)

UBA Investments Limited announced on 10/6/2002:
(stock codes: Ord: 768 & War: 352)
Year end date: 31/3/2002
Currency: HKD
Auditors' Report: Neither
Review of Interim Report by: N/A
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2001    from 1/4/2000
                                           to 31/3/2002     to 31/3/2001

Turnover                                 : 27,799,964       36,380,471
Profit/(Loss) from Operations            : 14,055,116       (25,974,875)
Finance cost                             : (408)            (16,741)
Share of Profit/(Loss) of Associates     : 0                0
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 0                0
Profit/(Loss) after Tax & MI             : 14,054,708       (25,172,043)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : 1.4 cents        (2.5 cents)
         -Diluted                        : 1.4 cents        (2.3 cents)
Extraordinary (ETD) Gain/(Loss)          : 0                0
Profit/(Loss) after ETD Items            : 14,054,708       (25,172,043)
Final Dividend per Share                 : Nil              Nil
(Specify if with other options)          : -                -
B/C Dates for Final 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 year is as follow:
                                                Year ended                
                                        2002            2001            
                                        (audited)       (audited)       
                                        HK$             HK$
Proceed from sale of listed securities  27,510,942      35,036,022
Dividend income from listed securities    289,022        1,344,449      
                                        --------------------------      
                                        27,799,964      36,380,471
                                        ==========================

2. The Group has not disclosed business segment nor geographical 
information as required under SSAP 26, as the Group has one single 
business segment, investment holding, and it only operates in Hong Kong.

3. Earnings (loss) per share

The basic earnings (loss) per share is based on the profit of 
HK$ 14,054,708 (2001: net loss HK$25,172,043) and the weighted average of 
1,010,714,000 (2001: 1,001,105,490) ordinary shares in issue during the 
year.

The diluted earnings per share for the year is based on 1,033,105,658 
(2001: 1,107,097,321) ordinary shares which was the weighted average 
number of ordinary shares in issue during the year plus the weighted 
average of 22,391,658 (2001: 105,991,831) ordinary shares deemed to be 
issued at no consideration if all outstanding warrants had been exercised.