08:56     STAR CRUISES<00678> - Results Announcement (1)                      

    Star Cruises Limited announced on 22/02/2005:                             
    (stock code: 00678 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: USD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       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                           : 1,636,405          1,618,208         
    Profit/(Loss) from Operations      : 120,466            (20,496)          
    Finance cost                       : (107,566)          (93,804)          
    Share of Profit/(Loss) of                                                 
      Associates                    4  : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities   3  : (246)              N/A               
    Profit/(Loss) after Tax & MI       : (9,006)            (124,473)         
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0017)           (0.0251)          
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (9,006)            (124,473)         
    Final Dividend                     : Nil                Nil               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : N/A                                  
    Payable Date                       : N/A                                  
    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)     Basis of presentation of results                                  
                                                                              
    The accounts have been prepared in accordance with accounting principles  
    generally accepted in Hong Kong and comply with accounting standards      
    issued by the Hong Kong Institute of Certified Public Accountants  The    
    preparation of accounts in conformity with generally accepted accounting  
    principles requires management to make estimates and assumptions that     
    affect the reported amounts of assets and liabilities and disclosure of   
    contingent assets and liabilities at the date of the accounts and the     
    reported amounts of revenues and expenses during the reporting period.    
    Actual results could differ from those estimates. The accounts are        
    prepared under the historical cost convention as modified by the          
    revaluation of certain fixed assets.