FX CREATIONS<08136> - Results Announcement (Q2, 2002/2003, Summary)

FX Creations International Holdings Limited announced on 8/11/2002
(stock code:  08136 )

Year end date                         :31/03/2003
Currency                              :HKD
Auditors' report                      :N/A
Review of 2nd Quarterly Report by     :Audit Committee

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at

                                           (Unaudited)       (Unaudited)
                                           Current    Last Corresponding
                                                Period            Period
                                       from 01/04/2002   from 01/04/2001
                                         to 30/09/2002     to 30/09/2001
                                                 $'000             $'000

Turnover                              :         27,114            23,902
Profit/(Loss) from Operations         :          1,224               770
Finance cost                          :          (351)             (194)
Share of Profit/(Loss) of Associates  :              0                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :              0                 0
Profit/(Loss) after Taxation & MI     :            731               491
% Change Over the Last Period         :         +48.88%
          Basic (in dollar)           :      HKD 0.002        HKD 0.0018
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :              0                 0
Profit (Loss) after ETD Items         :            731               491
2nd Quarterly Dividends per Share     :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd Quarterly Dividends :            N/A
Payable Date                          :            N/A
B/C Dates for (-) General Meeting     :            N/A
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A
                                       (bdi: both days inclusive)

                                       For and on behalf of
                         FX Creations International Holdings Limited
                            Signature :
                                 Name :   Ong Chor Wei
                                Title :       Director

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading. The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard
 to the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

1. Group reorganisation and basis of presentation

The Company was incorporated in the Cayman Islands on 10 January 2002
as an exempted company with limited liability under the Companies Law 
(2001 Second Revision) of the Cayman Islands.

Pursuant to a reorganisation scheme (the "Group Reorganisation") to 
rationalise the structure of the Company and its subsidiaries 
(hereinafter collectively referred to as the "Group") in preparation 
for the listing of the Company's shares on the Growth Enterprise 
Market ("GEM") of The Stock Exchange of Hong Kong Limited (the 
"Stock Exchange") in May 2002, the Company became the holding company 
of the companies now comprising the Group on 2 May 2002. This was 
accomplished by the Company acquiring the entire issued share 
capital of Resource Base Enterprises Limited ("RBEL"), the then
holding company of other subsidiaries, in consideration for the 
allotment and issue of 5,599,999 shares of HK$0.01 each in the 
share capital of the Company, credited as fully paid, to Wise 
New Management Limited ("WNML"), the former shareholder of RBEL. 
Further details of the Group Reorganisation are set out in the 
Company's prospectus dated 8 May 2002 (the "Prospectus").  The 
Shares of the Company (the "Shares") were listed on GEM on 
21 May 2002.

The unaudited consolidated/combined results have been prepared 
using the merger basis of accounting as a result of the Group 
Reorganisation. On this basis, the Company has been treated 
as the holding company of its subsidiaries since their respective
dates of incorporation rather than from the date of their 
acquisition pursuant to the Group Reorganisation. Accordingly,
the unaudited consolidated/combined results of the Group for the
six months ended 30 September 2001 and 2002 included the results 
of the Company and its subsidiaries with effect from 1 April 2001
as if the current Group structure has been in existence throughout 
the periods.

In the opinion of the Directors, the unaudited consolidated/combined 
results prepared on the above basis present fairly the results of 
the Group as a whole.

All significant transactions and balances within the Group have 
been eliminated on consolidation/combination.

2. Earnings per share

The calculations of basic earnings per share for the three and six 
months ended 30 September 2002 are based on the unaudited net profit  
from ordinary activities attributable to shareholders for the three 
and six months ended 30 September 2002 of approximately HK$324,000
and HK$731,000 respectively (three and six months ended 30 September 
2001 : HK$408,000  and HK$491,000) and the weighted average of 
400,000,000 shares and 373,475,000 shares in issue during the three
and six months ended 30 September 2002 respectively (pro forma number
of shares in issue for the three and six months ended 
30 September 2001: 280,000,000).

Diluted earnings per share for the three months and six months ended
30 September 2002 and the corrresponding periods in 2001 have not 
been disclosed as no dilutive events existed during these periods.