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Bossini International Holdings Limited
(Incorporated in Bermuda with limited liability)

Consolidated Profit and Loss Account
Year ended 31 March 1999

                                          Notes           1999         1998
                                                       HK$'000      HK$'000

TURNOVER                                     2       1,109,065    1,428,810
                                                    ==========   ==========
OPERATING PROFIT/(LOSS) BEFORE
  EXCEPTIONAL ITEMS                          3          27,760      (14,633)

Exceptional items                            4          (9,224)     (26,417)
                                                    ----------   ----------
OPERATING PROFIT/(LOSS)                                 18,536      (41,050)

Share of profits of associated companie                  1,374          546
C
PROFIT / (LOSS) BEFORE TAXATION                         19,910      (40,504)

Taxation                                     6          (2,234)      (5,054)
                                                    ----------   ----------
PROFIT/(LOSS) BEFORE MINORITY INTERESTS                 17,676      (45,558)

Minority interests                                         (82)          50
                                                    ----------   ----------
NET PROFIT/(LOSS) ATTRIBUTABLE TO
  SHAREHOLDER                              7 & 21       17,594      (45,508)
                                                    ==========   ==========
Dividends                                    8           8,229            -

Release from revaluation reserve            21             404       12,256
                                                    ==========   ==========
EARNINGS/(LOSS) PER SHARE                    9      6.41 cents (16.59 cents)
                                                    ==========   ==========

Source: Bossini International Holdings Limited
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