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Consolidated Profit and Loss Account
For the year ended 31st March 1999

                                                     1999        1998
                                          Note    HK$'000     HK$'000

TURNOVER                                    2   1,286,677   3,195,908
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OPERATING LOSS                              3    (120,776)    (85,820)

EXCEPTIONAL ITEMS                           4     (64,765) (2,298,409)
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LOSS FROM ORDINARY ACTIVITIES                    (185,541) (2,384,229)

SHARE OF LOSSES OF ASSOCIATED COMPANIES                 -    (391,871)
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LOSS BEFORE TAXATION                             (185,541) (2,776,100)

TAXATION                                    8      (2,413)     22,316
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LOSS AFTER TAXATION                              (187,954) (2,753,784)

MINORITY INTERESTS                                      -         379
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LOSS ATTRIBUTABLE TO SHAREHOLDERS         9, 21  (187,954) (2,753,405)
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LOSS PER SHARE                             10   (HK$0.201)  (HK$2.941)
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Source: STELUX Holdings International Limited
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