G CHINA HOLD<00431> - Results Announcement

Greater China Holdings Limited announced on 22/09/2005:
(stock code: 00431 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2005    from 01/01/2004
                                     to 30/06/2005      to 30/06/2004
                               Note  ('000      )       ('000      )
Turnover                           : 31,134             6,888             
Profit/(Loss) from Operations      : 40,919             32                
Finance cost                       : (2,226)            (1,382)           
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       : 38,877             (1,447)           
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.163              (0.007)           
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 38,877             (1,447)           
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:

The calculation of basic earnings (loss) per share attributable to the 
ordinary equity holders of the parent is based on the following data:

                                Six months ended
                                30.6.2005       30.6.2004
                                HK$'000         HK$'000
Earnings
Earnings (loss) for the purposes of basic earnings (loss)
 per share                      38,877          (1,447)
                                ======          =======

                                '000            '000
Number of shares
Number (weighted average number) of shares      
                                238,389         203,451
                                =========       ========

The Company has no potential ordinary shares outstanding in both periods.