08:52     SAN MIGUEL HK<00236> - Results Announcement                         

    San Miguel Brewery Hong Kong Limited announced on 24/02/2005:             
    (stock code: 00236 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    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                           : 1,261,232          1,158,649         
    Profit/(Loss) from Operations      : 12,325             (30,641)          
    Finance cost                       : (2,832)            (4,558)           
    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       : 11,578             (32,771)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.03               (0.09)            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 11,578             (32,771)          
    Final Dividend                     : $0.01              NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 04/04/2005         to 07/04/2005 bdi.
    Payable Date                       : 13/04/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 04/04/2005         to 07/04/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    For more details, please refer to the press announcement today.