CITIC PACIFIC<00267> - Results Announcement (Summary)

CITIC Pacific Limited announced on  27/8/2003:
(stock code: 00267 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2003      from 1/1/2002  
                                     to 30/6/2003       to 30/6/2002  
                               Note  ('Million  )       ('Million  )
Turnover                           : 15,695             11,481            
Profit/(Loss) from Operations      : 1,025              1,354             
Finance cost                       : (184)              (232)             
Share of Profit/less (Losses) of 
  Associates                       : (91)               1,115             
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 419                1,948             
% Change over Last Period          : -78.49    %
EPS/(LPS)-Basic (in dollars)       : 0.191              0.89              
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 419                1,948             
Interim Dividend                   : 30 cents           30 cents          
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : 15/9/2003          to 19/9/2003 bdi.
Payable Date                       : 23/9/2003 
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

(1)     The Interim Accounts, which are prepared in accordance with SSAP 
25 "Interim Financial Reporting", have been reviewed by the Company's 
independent auditors PricewaterhouseCoopers in accordance with the 
Auditing Standard SAS 700 "Engagements To Review Interim Financial 
Reports" except that the scope did not extend to the results of the listed 
associated company, Cathay Pacific Airways Limited.  A report of their 
review will be included in the Interim Report to Shareholders.

(2)     The calculation of earnings per share is based on profit 
attributable to shareholders of HK$419 million (2002 : HK$1,948 million) 
and on 2,188,460,160 shares in issue for the period (2002 : 2,189,780,160 
shares in issue).

No diluted earnings per share is presented for the six months ended 30th 
June, 2003 and 30th June, 2002 as the exercise of all the share options 
outstanding during the periods have no dilutive effect on the earnings per 
share.

(3)     Profit from Operations represents profit from consolidated 
activities.

(4)     Finance cost represents net finance charges.

(5)     Comparative figures have been adjusted to conform with the current 
presentation.