08:55     MTR CORPORATION<00066> - Results Announcement (1)                   

    MTR Corporation Limited announced on 01/03/2005:                          
    (stock code: 00066 )                                                      
    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  ('Million  )       ('Million  )      
    Turnover                           : 8,351              7,594             
    Profit/(Loss) from Operations      : 6,602              6,714             
    Finance cost                       : (1,450)            (1,539)           
    Share of Profit/(Loss) of                                                 
      Non-controlled subsidiary        : 44                 23                
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 4,496              4,450             
    % Change over Last Period          : +1        %                          
    EPS/(LPS)-Basic (in dollars)       : 0.84               0.85              
             -Diluted (in dollars)     : 0.84               0.85              
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 4,496              4,450             
    Final Dividend                     : $0.28              $0.28             
      per Share                                                               
    (Specify if with other             : with scrip         with scrip        
      options)                           dividend option    dividend option   
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 23/03/2005         to 01/04/2005 bdi.
    Payable Date                       : 21/06/2005                           
    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.      TURNOVER                                                          
                                                                              
    Turnover of MTR Corporation Limited (the "Company") and its subsidiaries  
    (the "Group") during the years ended 31 December 2004 and 2003 comprise:  
                                                                              
                                            Year ended 31 December            
    HK$ Million                             2004            2003              
                                                                              
    Fare revenue                            5,932           5,489             
    Station commercial and other revenue    1,311           1,117             
    Rental and management income            1,108           988               
                                            ----------      ---------         
                                                                              
    Turnover                                8,351           7,594             
                                            ========        =======           
                                                                              
                                                                              
    2.      RETAINED PROFITS                                                  
    The movements of the retained profits during the years ended 31 December  
    2004 and 2003 were as follows:                                            
                                                                              
                                            Year ended 31 December            
    HK$ Million                             2004            2003              
                                                                              
    Balance as at 1 January                 15,506          13,234            
    Dividends paid                          (2,231)         (2,178)           
    Profit for the year                     4,496           4,450             
                                            --------        ----------        
    Balance as at 31 December               17,771          15,506            
                                            ===========     =========