G CHINA HOLD<00431> - Results Announcement

Greater China Holdings Limited announced on 22/09/2006:
(stock code: 00431 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2006    from 01/01/2005
                                     to 30/06/2006      to 30/06/2005
                               Note  ('000      )       ('000      )
Turnover                           : 6,224              31,134            
Profit/(Loss) from Operations      : 3,791              40,919            
Finance cost                       : (4,344)            (2,226)           
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       : (1,372)            38,877            
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.0048             0.1631            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (1,372)            38,877            
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 (loss) earnings per share attributable to the 
ordinary equity holders of the parent is based on the following data:

                                           Six months ended
                                        30.6.2006       30.6.2005
                                        ---------       ---------
                                        HK$'000         HK$'000
Earnings
(Loss) earnings for the purposes of 
basic (loss) earnings per share         (1,372)         38,877
                                        ========        =======



                                        '000            '000
Number of shares
Number of shares                        285,989         238,389
                                        =======         ========

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