1999 ANNUAL RESULTS ANNOUNCEMENT
  The Board of Directors of Ng Fung Hong Limited (the "Company") is pleased to announce the audited consolidated results of the Company and its subsidiaries (the "Group") for the financial year ended 31 December 1999 as follows:
     
      1999 1998
    HK$ ' 000 HK$ ' 000
         
  Turnover    6,663,962
6,921,635
       
  Operating profit   636,141 693,624
  Share of results of associated companies   52,548
12,342
       
  Profit before taxation   688,689 705,966
  Taxation (note 1) (91,566)
(75,773)
       
  Profit after taxation   597,123 630,193
  Minority interests   (47,393)
(105,104)
       
  Profit attributable to shareholders   549,730
525,089
  Dividends
(188,126)
(145,085)
         
  Earnings per share (note 2):
  Basic
  HK 52.8 cents
HK51.1 cents
    Diluted   HK 52.4 cents
HK 50.3 cents
         
        Next Page