Tonic Industries Holdings Limited

FINANCIAL HIGHLIGHTS

Turnover

Net Profit Attributable to Shareholders



Turnover by Geographical Region

Turnover by Product Category



Major Financial Indicators and Ratios

                                           1997            1998

Gearing Ratio (Note)                       2.29            0.61
Inventory Turnover Period                 59 days         54 days
Accounts Receivable Turnover Period       24 days         21 days
Earnings per share                       10.9 cents      16.7 cents
Net assets                             HK$59 million   HK$200 million
Note: Gearing Ratio = All interest bearing borrowings / Shareholders' equity
Annual Reports     index