UBA INVESTMENTS<00768> - Results Announcement (Summary)

UBA Investments Limited announced on 15/11/2002:
(stock code: 768)
Year end date: 31/3/2003
Currency: HK$
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2002    from 1/4/2001
                                           to 30/9/2002     to 30/9/2001

Turnover                                 : 6,113,124        5,890,378
Profit/(Loss) from Operations            : (14,992,035)     (2,199,350)
Finance cost                             : (61,113)         (703)
Share of Profit/(Loss) of Associates     : 0                0
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 0                0
Profit/(Loss) after Tax & MI             : (14,853,148)     (2,200,053)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (1.43 cents)     (0.22 cent)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : 0                0
Profit/(Loss) after ETD Items            : (14,853,148)     (2,200,053)
Interim Dividend per Share               : Nil              Nil
(Specify if with other options)          : -                -
B/C Dates for Interiml 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:

                                   For the six months ended 30th September 
                                                                        
                                                2002            2001    
                                                (Unaudited)    (Unaudited)
                                                HK$             HK$
Proceed from sale of listed securities          1,693,124       5,890,378
Dividend income from listed securities          4,420,000              0  
                                                ---------       --------- 
                                                6,113,124       5,890,378
                                                =========       =========

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. Loss per share

The calculation of losses per share is based on the losses for the period 
of HK$ 14,853,148 (2001: HK$ 2,200,053) and the weighted average number of 
1,037,879,873 (2001: 1,010,714,000) ordinary shares in issue during the 
period.

No diluted losses per share for 2001 and 2002 are presented as the Company 
does not have dilutive potential ordinary shares.  All outstanding 
warrants have been expired on 30 June 2002.