HK FERRY (HOLD)<0050> - Results Announcement

Hong Kong Ferry (Holdings) Company Limited announced on 8/9/2000:
(stock code: 50)
Year end date: 31/12/2000
Currency: HK Dollars                                        (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 30/6/2000     to 30/6/1999
                                           ('Million)       ('Million)
Turnover                                 : 626.4            344.4
Profit/(Loss) from Operations            : 112.8            53.7
Finance cost                             : -                (5.8)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax
  & MI                                   : 110.9            46.6
% Change over Last Period                : +138%
EPS/(LPS)-Basic                          : 31.1 cents       13.1 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 110.9            46.6
Interim Dividend per Share               : 8 cents          8 cents
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : 3/10/2000 to 5/10/2000 bdi.
Payable Date                             : 13/10/2000
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

Analysis of (1) Turnover from continuing operations and discontinued 
                operations and

            (2) profit/(loss) from continuing operations and discontinued 
                operations

                       (Unaudited)              (Unaudited)
                       Current Period           Last Corresponding Period
                       from 1/1/2000 to         from 1/1/1999 to          
                       30/6/2000                30/6/1999       
                       ($) Million              ($) Million
Turnover                                
        - Continuing   :  616.7                 235.3                     
        - Discontinued :  9.7                   109.1 
Operating Profit/(Loss) 
        - Continuing   :  134.7                 51.0        
        - Discontinued :  (21.9)                (3.1)      

Notes:

(1) The Profit from Operations for the last corresponding period from 1 
January 1999 to 30 June 1999 has been restated in order to comply with the 
requirement of the SSAP1.

(2) Discontinued operations represented the passenger ferry services 
terminated as a result of the expiry of ferry franchise on 31 March 1999 
and the disposal of vessels and transfer of ferry licences to New World 
First Ferry Services Company Limited on 15 January 2000.