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Hopson Development Holdings Limited

Consolidated Profit and Loss Account
For the year ended 31st December, 1998
(Expressed in Hong Kong dollars)

                                                1998         1997
                                     Notes     $'000        $'000

Turnover                               4   1,303,332      482,465
                                           =========     ========
Profit before taxation                 5     485,196      198,181

Taxation                               8    (158,138)     (65,291)
_________________________________________________________________
Profit after taxation                        327,058      132,890

Minority interests                           (16,380)     (13,336)
_________________________________________________________________
Profit attributable to shareholders    9     310,678      119,554

Dividends                             10    (120,000)           -
_________________________________________________________________
Retained profit for the year                 190,678      119,554
                                           =========     ========
Earnings per share
 -Basic                               11    35 cents     16 cents
                                           =========     ========
 -Diluted                             11    34 cents          N/A
                                           =========     ========

Source: Hopson Development Holdings Limited
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