09:09     HK FERRY (HOLD)<00050> - Results Announcement                       

    Hong Kong Ferry (Holdings) Co. Limited announced on 11/03/2005:           
    (stock code: 00050 )                                                      
    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                           : 993.9              1,041.3           
    Profit/(Loss) from Operations      : 401.1              276.1             
    Finance cost                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Associates                       : 2.6                0.9               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 393.1              264.7             
    % Change over Last Period          : +48.5     %                          
    EPS/(LPS)-Basic (in dollars)       : 1.10               0.74              
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 393.1              264.7             
    Final Dividend                     : 24 cents           20 cents          
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 26/04/2005         to 28/04/2005 bdi.
    Payable Date                       : 13/05/2005                           
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    Calculation of basic earnings per share: -                                
                                                                              
    The calculation of basic earnings per share is based on a profit of HK$   
    393,066,000 (2003: HK$264,655,000) and 356,273,883 (2003: 356,273,883)    
    ordinary shares in issue during the year.  There was no potential dilution
    of earnings per share during 2003 and 2004.                               
                                                                              
    For more details, please refer to the press announcement today.