13:12     LAM SOON (HK)<00411> - Results Announcement                         

    Lam Soon (Hong Kong) Limited announced on 19/01/2005:                     
    (stock code: 00411 )                                                      
    Year end date: 30/06/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Both Audit Committee and Auditors             
                                                                              
                                                            (Audited   )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 2,053,822          2,036,362         
    Profit/(Loss) from Operations   2  : 106,293            71,731            
    Finance cost                       : (6,430)            (12,577)          
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 2,029              2,017             
    Profit/(Loss) after Tax & MI       : 60,122             38,235            
    % Change over Last Period          : +57       %                          
    EPS/(LPS)-Basic (in dollars)    3  : 0.25               0.16              
             -Diluted (in dollars)  3  : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 60,122             38,235            
    Interim Dividend                   : $0.06              NIL               
      per Share                                                               
    Final Dividend                     : N/A                $0.06             
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Interim Dividend                 : 28/02/2005         to 04/03/2005 bdi.
    Payable Date                       : 07/03/2005                           
    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.      Change of financial year end date                                 
                                                                              
    On 3 December 2004, the Board of Directors of Lam Soon (Hong Kong) Limited
    (the "Company") passed an ordinary resolution to change the financial year
    end date of the Company from 31 December to 30 June commencing from the   
    year 2004. The reason for the change is to align the financial year end   
    date of the Company with that of its ultimate holding company, Hong Leong 
    Company (Malaysia) Berhad ("HLCM"). Adoption by the Company of the same   
    financial year end date as that of HLCM will facilitate the preparation of
    consolidated accounts. As a result, the current financial period covers   
    the period from 1 January 2004 to 30 June 2005. Accordingly, the Company  
    prepared the second unaudited consolidated interim results for the 12     
    months from 1 January 2004 to 31 December 2004.                           
                                                                              
    2.      Profit from operations is arrived at after charging/(crediting):  
                                                                              
                                                                              
                                            12 months ended 31 December       
                                            2004                    2003      
                                            (unaudited)             (audited) 
                                            HK$'000                 HK$'000   
                                                                              
    Depreciation and amortization           73,381                  72,747    
    Gain on disposal of investment                                            
    securities                              (1,509  )               -         
    Loss/(gain) on disposal of fixed assets 1,201                   (565    ) 
    Release of negative goodwill            (9,976  )               (9,976  ) 
    Reversal of provision for Group                                           
    restructuring costs                     (6,540  )               -         
                                            ==============          ==========
                                                                              
    3.      Earnings per share                                                
                                                                              
    (a)     Basic                                                             
                                                                              
    The calculation of basic earnings per share is based on the profit        
    attributable to shareholders of HK$60,122,000 (2003: HK$38,235,000) and   
    the weighted average number of 243,354,165 (2003: 243,354,165) ordinary   
    shares in issue during the period.                                        
                                                                              
    (b)     Diluted                                                           
                                                                              
    The diluted earnings per share is not materially different from the basic 
    earnings per share as the dilution from the potential exercise of the     
    share options granted by the Company outstanding at 31 December 2004 is   
    immaterial (2003: No dilutive effect). Accordingly, a diluted earnings per
    share has not been shown.