UBA INVESTMENTS<0768> - Results Announcement

UBA Investments Limited announced on 29/11/2000:
(stock codes: Ord: 768 & War: 352)
Year end date: 31/3/2001
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2000    from 8/6/1999
                                           to 30/9/2000     to 30/9/1999

Turnover                                 : 35,911,229       0
Profit/(Loss) from Operations            : (8,493,991)      (2,614,887)
Finance cost                             : (6,180)          0
Share of Profit/(Loss) of Associates     : 0                0
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 0                0
Profit/(Loss) after Tax & MI             : (7,841,613)      (2,614,887)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (0.0078)         (0.0039)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : 0                0
Profit/(Loss) after ETD Items            : (7,841,613)      (2,614,887)
Interim Dividend per Share               : Nil              N/A
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A              
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A


(1) Basis of presentation

The Company was incorporated with limited liability as an exempted company 
in the Cayman Islands on November 4, 1999 under the Companies Law (1998: 
Revision) of the Cayman Islands.

Super Idea International Limited ("Super Idea") was incorporated with 
limited liability in the British Virgin Islands on June 8, 1999.

On December 22, 1999, the Company and Super Idea underwent a group 
reorganisation to rationalise the group structure in preparation for the 
listing of the Company's shares on The Stock Exchange of Hong Kong Limited 
(the "Stock Exchange"), and the Company became the holding company of 
Super Idea.

(2) Principal Accounting Policies

The unaudited condensed consolidated interim financial statements have 
been prepared in accordance with the same principal accounting policies 
and on a basis consistent with those adopted in the annual financial 
statements for the year ended 31 March 2000.

(3) Basic losses per share

The calculation basic losses per share for the period ended 30 September 
2000 is based on the losses of approximately HK$7,841,613 and the weighted 
average number of ordinary shares of approximately 1,000,000,000 shares 
during the period.