EAGLE NICE<02368> - Results Announcement

Eagle Nice (International) Holdings Limited announced on 18/11/2005:
(stock code: 02368 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2005    from 01/04/2004
                                     to 30/09/2005      to 30/09/2004
                               Note  ('000      )       ('000      )
Turnover                           : 300,790            244,261           
Profit/(Loss) from Operations      : 57,600             50,148            
Finance cost                       : N/A                (170)             
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 51,456             43,328            
% Change over Last Period          : +19       %
EPS/(LPS)-Basic (in dollars)       : 0.12               0.13              
         -Diluted (in dollars)     : N/A                0.11              
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 51,456             43,328            
Interim Dividend                   : $0.06              $0.045
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim Dividend                 : 06/12/2005         to 07/12/2005 bdi.
Payable Date                       : 19/12/2005
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.      CHANGES IN ACCOUNTING POLICIES

The accounting policies used in the preparation of these interim financial 
statements are consistent with those adopted in the annual financial 
statements for the year ended 31 March 2005, except those mentioned below.

In the current period, the Group has adopted, for the first time, a number 
of new/ revised Hong Kong Financial Reporting Standards ("HKFRS") and Hong 
Kong Accounting Standards ("HKAS") and Interpretations issued by the Hong 
Kong Institute of Certified Public Accountants. Additional or revised 
disclosures were made and certain comparatives previously reported for the 
year ended 31 March 2005 have been restated to comply with the new 
requirements.

The adoption of the new HKFRSs did not have significant impact on the 
Group's results and financial position, except for HKAS 1, 17, 32 & 39. 
Please refer to the Group's results announcement (to be published in the 
Stock Exchange's website later) for more details.

2.      EARNINGS PER SHARE

A reconciliation of the earnings and the weighted average number of shares 
used in calculating the basic and diluted earnings per share is as 
follows:
          
                                            Six months ended 
                                              30 September
                                        2005            2004
                                        (Unaudited)     (Unaudited)
Earnings:                               
Profit for the period for the purpose
 of calculation of basic and diluted
 earnings per share (HK$)               51,456,000      43,328,000
                                        ==========      ==========
Number of shares:                               
Weighted average number of ordinary
 shares in issue for the purpose of
 calculation of basic earnings per
 share                                  427,000,000     328,524,590
                                
Weighted average number of ordinary
 shares assumed issued at no
 consideration on deemed exercise of
 all outstanding convertible bonds      N/A             79,868,852
                                        ------------    -------------
Weighted average number of ordinary
 shares for the purpose of calculation
 of diluted earnings per share          N/A             408,393,442
                                        =============   =============

No diluted earnings per share is presented as there were no potential 
dilutive ordinary shares in issue during the period ended 30 September 
2005.

3.      COMPARATIVE FIGURES

Sample sales amounting to approximately HK$2,093,000 for the six months 
ended 30 September 2004 were reclassified from other income to turnover.