08:55     APPLIED INT'L<00519> - Results Announcement                         

    Applied International Holdings Limited announced on 21/03/2005:           
    (stock code: 00519 )                                                      
    Year end date: 30/06/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Audit Committee                               
                                                                              
                                                            (Unaudited )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/07/2004    from 01/07/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 48,611             72,931            
    Profit/(Loss) from Operations      : 3,193              (42,275)          
    Finance cost                       : (1,557)            (4,146)           
    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       : 4,688              (45,206)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.005              (0.048)           
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 4,688              (45,206)          
    Interim Dividend                   : Nil                Nil               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Interim 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:                                                                  
                                                                              
                                                                              
    Earnings / (loss) per share                                               
                                                                              
    The calculation of the basic earnings / (loss) per share is based on the  
    profit attributable to shareholders of HK$4,688,000 (2003: loss of HK$45, 
    206,000) and on 941,082,826 (2003: 941,080,745) ordinary shares of the    
    Company in issue during the period.                                       
                                                                              
            No diluted earnings / (loss) per share has been presented as the  
    exercise prices of Company's outstanding warrants were higher than the    
    average market price of the shares of the Company for both periods.       
                                                                              
    For more details, please refer to the press announcement today.