BENEFUN INT'L<01130> - Results Announcement

Benefun International Holdings Limited announced on 19/03/2004:
(stock code: 01130 )
Year end date: 30/06/2004
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/7/2003      from 1/7/2002  
                                     to 31/12/2003      to 31/12/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 94,034             81,689            
Profit/(Loss) from Operations      : 2,872              2,592             
Finance cost                       : (380)              (709)             
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       : 1,263              866               
% Change over Last Period          : +45.84    %
EPS/(LPS)-Basic (in dollars)       : 0.0012             0.0009            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 1,263              866               
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.      Basic earnings per share

The calculation of basic earning per share is based on the consolidated 
profit attributable to shareholders of $1,263,000 (2002: $866,000) divided 
by the weighted average of 1,029,375,000 ordinary shares (2002: 
961,929,000 ordinary shares) in issue during the period.  Diluted figures 
are not shown as there is no dilutive effect for the interim period ended 
31 December, 2003 (2002: Nil).

2.      As a result of the adoption of SSAP12 (Revised) "Income Taxes" in 
the preparation of the interim financial statements for the current 
period, certain comparative figures for the period ended 31st December, 
2002 have been restated accordingly.