08:54     AV CONCEPT HOLD<00595> - Results Announcement                       

    AV Concept Holdings Limited announced on 30/11/2004:                      
    (stock code: 00595 )                                                      
    Year end date: 31/3/2005                                                  
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Audit Committee                               
                                                                              
                                                            (Unaudited )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 1/4/2004      from 1/4/2003     
                                         to 30/9/2004       to 30/9/2003      
                                   Note  ($         )       ($         )      
    Turnover                           : 1,134,613,000      835,764,000       
    Profit/(Loss) from Operations      : 76,598,000         37,196,000        
    Finance cost                       : (4,538,000)        (4,582,000)       
    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       : 62,549,000         28,120,000        
    % Change over Last Period          : +122      %                          
    EPS/(LPS)-Basic (in dollars)       : 0.154              0.077             
             -Diluted (in dollars)     : N/A                0.077             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 62,549,000         28,120,000        
    Interim Dividend                   : 2.8 cents          2.5 cents         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Interim Dividend                 : 28/12/2004         to 30/12/2004bdi. 
    Payable Date                       : 7/1/2005                             
    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       PRINCIPAL ACCOUNTING POLICIES                                     
                                                                              
    The unaudited condensed consolidated interim financial statements         
    ("Interim Financial Statements") have been prepared in accordance with the
    Hong Kong Statement of Standard Accounting Practice ("SSAP") No. 25       
    "Interim Financial Reporting" and the applicable disclosure requirement of
    Appendix 16 to the Rules Governing the Listing of securities on the Stock 
    Exchange of Hong Kong Limited (the "Listing Rules").  These Interim       
    Financial Statements should be read in conjunction with the annual report 
    for the year ended 31 March 2004.                                         
                                                                              
                                                                              
    2       EARNINGS PER SHARE                                                
                                                                              
    The calculation of basic earnings per share is based on the net profit    
    from ordinary activities attributable to shareholders of HK$62,549,000    
    (2003: HK$28,120,000) and the weighted average of 405,082,491 (2003:      
    363,302,749) ordinary shares in issue during the period.                  
                                                                              
    Diluted earnings per share for the six months ended 30 September 2004 have
    not been disclosed, as the share options outstanding during the periods   
    had an anti-dilutive effect on the basic earnings per share for the       
    period.                                                                   
                                                                              
    Diluted earnings per share for the six months ended 30 September 2003 is  
    based on the net profit attributable to shareholders of HK$28,120,000 and 
    the weighted average number of ordinary shares of 366,551,443, after      
    adjusting for the effects of all dilutive potential shares.               
                                                                              
    For more details, please refer to the press announcement today.