UBA INVESTMENTS<00768> - Results Announcement

UBA Investments Limited announced on 31/10/2003:
(stock code: 00768 )
Year end date: 31/03/2004
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2003    from 01/04/2002
                                     to 30/09/2003      to 30/09/2002 
                               Note  ($         )       ($         )
Turnover                           : 22,920,335         6,113,124         
Profit/(Loss) from Operations      : 5,800,707          (14,992,035)      
Finance cost                       : (457)              (61,113)          
Share of Profit/(Loss) of 
  Associates                       : 0                  0                 
Share of Profit/(Loss) of
  Jointly Controlled Entities      : 0                  0                 
Profit/(Loss) after Tax & MI       : 5,800,250          (14,853,148)      
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.0055             (0.0143)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : 0                  0                 
Profit/(Loss) after ETD Items      : 5,800,250          (14,853,148)      
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.      Turnover for the period is as follow:

For the six months ended 30 September 
                                                                                
                                2003             2002
                            (unaudited)         (unaudited)
                                 HK$                    HK$
Proceed from sale of listed securities                  
                                 22,785,039        1,693,124
Dividend income from listed securities                          
                                135,296            4,420,000                   
                                ------------------------------
                             22,920,335            6,113,124
                             ==================================

2.      Earning (Loss) per share

The basic earning (loss) per share is based on the Group's profit 
attributable to shareholders for the period of HK$ 5,800,250 (2002: loss 
of HK$ 14,853,148) and the weighted average number of ordinary shares of 
1,059,778,200 shares (2002: 1,037,879,873) in issue during the period.

No diluted earning (loss) per share for 2003 and 2002 are presented 
respectively as the Company does not have dilutive potential ordinary 
shares.