08:38     UNITY INV HOLD<00913> - Results Announcement (1)                    

    Unity Investments Holdings Limited announced on 18/03/2005:               
    (stock code: 00913 )                                                      
    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                           : 125,003            15,525            
    Profit/(Loss) from Operations      : (15,631)           (24,626)          
    Finance cost                       : (1,178)            (806)             
    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       : (16,810)           (25,433)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)    6  : (0.0719)           (0.1272)          
             -Diluted (in dollars)  6  : N/A                (0.1272)          
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (16,810)           (25,433)          
    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)     The Group is principally engaged in the investment in listed and  
    unlisted companies.  Revenues recognized during the year are as follows:  
                                                                              
                                                            2004    2003      
                                                            HK$     HK$       
    Turnover                                                                  
    Proceeds from sale of trading securities        125,003,049     15,525,940
                                                    -------------   --------- 
    Other revenues                                                            
    Interest income                                 398             185       
    Dividend income from investment securities      1,016,819       182,130   
                                                    ----------      --------- 
                                                    1,017,217       182,315   
                                                   ---------------  --------- 
                                                                              
    Total revenues                                  126,020,266     15,708,255
                                                    ============    ==========
                                                                              
    All of the Group's turnover, contribution to operating loss, assets and   
    liabilities are attributable to the investments in listed and unlisted    
    companies and accordingly no analysis of the Group's turnover,            
    contribution to operating loss, assets and liabilities by principal       
    activities is provided.                                                   
                                                                              
    No geographical analysis is presented as all Group operations are carried 
    out in Hong Kong.                                                         
                                                                              
    (2)     Operating loss is stated after crediting and charging the         
    following:                                                                
                                                                              
                                                    2004            2003      
                                                    HK$             HK$       
    Crediting                                                                 
    Negative goodwill recognised                    369,016         -         
                                                    ==========      ==========
    Charging                                                                  
                                                                              
    Auditors' remuneration                          240,000         195,000   
    Depreciation                                    170,294         153,408   
    Loss on disposal of fixed assets                3,838           -         
    Staff costs, including directors' remuneration  586,076         1,104,200 
    Operating leases - land and buildings           740,796         894,286   
                                                    ===========     ==========