PCL ENTERPRISES<1010> - Results Announcement

PCL Enterprises Holdings Limited announced on 20/4/1999:
(stock code: 1010)
Year end date: 31/12/1998
Currency: HK$
                                                            Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/1998    from 1/1/1997
                                           to 31/12/1998    to 31/12/1997
                                           ('000)           ('000)
Turnover/Interest Income                 : 94,017           159,376
Profit-Continuing Operations
    - Operating Profit/(Loss)            : (34,028)         19,535
    - Exceptional Items                  : (2,913)          (9,041)
    - Discontinued Operations            : -                -
Total Operating Profit/(Loss)            : (36,941)         10,494
Share of Profit/(Loss) of
  Associated Companies                   : -                -
Profit/(Loss) after Tax
  & MI                                   : (19,775)         415
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (5.9 cents)      0.1 cent
         -Diluted                        : N/A              0.1 cent
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (19,775)         415
Final Dividend per Share                 : Nil              Nil
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for Annual General Meeting     : 7/6/1999 to 9/6/1999 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:
(1) Exceptional items:
                                                 1998           1997
                                                HK$'000        HK$'000

Provision for diminution in value of
 listed securities                              (2,913)        (9,041)
                                                =======         ======

(2) Diluted EPS
There was no dilution effect on the loss per share in
current year.  The diluted earnings per share of 1997
have been restated in accordance with the revised
Hong Kong Statement of Standard Accounting Practice 5 issued
during the year.  The diluted earnings per share for 1997
was based on the consolidated net profit attributable to
shareholders of approximately HK$415,000 and the
weighted average number of 323,488,998 shares issued
and issuable on the assumption that all outstanding
23,750,000 shares options granted under the Company's
Share Option Scheme had been exercised at the
beginning of the year.

(3) The turnover figure of the last corresponding period has been 
reclassified to conform to the current year's presentation.