BENEFUN INT'L<1130> - Results Announcement

Benefun International Holdings Limited announced on 23/3/2001:
(stock code: 1130)

Please refer to the press announcement for the details of the auditors' 
review report on the interim financial statement, to be issued by the 
Company on 26/3/2001.

Year end date: 30/6/2001
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2000    from 1/7/1999
                                           to 31/12/2000    to 31/12/1999
                                           ('000)           ('000)
Turnover                                 : 61,574           54,500
Profit/(Loss) from Operations            : (7,591)          (9,607)
Finance cost                             : (2,074)          (2,063)
Share of Profit/(Loss) of Associates     : (146)            (95)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : Nil              Nil
Profit/(Loss) after Tax & MI             : (9,977)          (12,058)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (1.49 cents)     (2.28 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : Nil              Nil
Profit/(Loss) after ETD Items            : (9,977)          (12,058)
Interim Dividend per Share               : Nil              Nil
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : Nil              
Payable Date                             : Nil
B/C Dates for (-) General Meeting        : Nil              
Other Distribution for Current Period    : Nil
B/C Dates for Other Distribution         : Nil              


1. Basis of preparation

This interim financial report is unaudited, but has been reviewed by KPMG 
in accordance with Statement of Auditing Standards 700 "Engagements to 
review interim financial reports", issued by the Hong Kong Society of 
Accountants ("HKSA").

The interim financial report has been prepared in accordance with the 
requirements of the Main Board Listing Rules of The Stock Exchange of Hong 
Kong Limited, including compliance with Statements of Standard Accounting 
Practice 25 "Interim financial reporting" issued by the HKSA except that 
comparative figures of the cash flow statement have not been prepared as 
the Company has taken advantage of the transitional provisions set out in 
the Main Board Listing Rules.

The same accounting policies adopted in the 30 Jun 2000 annual accounts 
have been applied to the interim financial report.

The notes on the interim financial report include an explanation of events 
and transactions that are significant to an understanding of the changes 
in financial position and performance of the Group since the 30 June 2000 
annual accounts.

2.  Loss per share 

Basic loss per share

The calculation of basic loss per share is based on the consolidated loss 
attributable to shareholders of $9,977,000 (1999: $12,058,000) and the 
668,329,000 ordinary shares (1999: weighted average of 529,272,369 
ordinary shares) in issue during the period.  Fully diluted figures are 
not shown as there is no potential dilutive effect for the interim period 
ended 31 December 2000.

3. Comparative figures

Certain comparative figures have been reclassified to conform with the 
current period's presentation.