08:58     VITOP BIOENERGY<01178> - Results Announcement (1)                   

    Vitop Bioenergy Holdings Limited announced on 21/03/2005:                 
    (stock code: 01178 )                                                      
    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                           : 81,371             70,806            
    Profit/(Loss) from Operations      : 8,700              13,247            
    Finance cost                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : (266)              N/A               
    Profit/(Loss) after Tax & MI       : 6,912              12,268            
    % Change over Last Period          : -43.66    %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0102             0.018             
             -Diluted (in dollars)     : 0.01               N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 6,912              12,268            
    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:                                                                  
                                                                              
    1. Background of the Company                                              
    The Company was incorporated in the Cayman Islands as an exempted company 
    with limited liability on 15 February 2001 under the Companies Law, Cap.  
    22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands.    
    The Company's shares had been listed on the Growth Enterprise Market ("   
    GEM") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange")   
    since 1 February 2002.  On 10 February 2003, the Company withdrew the     
    listing of its shares on GEM and on the same date, the Company's shares   
    were listed on the Main Board of the Stock Exchange by way of             
    introduction.                                                             
                                                                              
    2. Basis of preparation and principal accounting policies                 
    The unaudited condensed financial statements have been prepared in        
    accordance with Hong Kong Statement of Standard Accounting Practice ("    
    SSAP") No. 25 "Interim Financial Reporting" issued by the Hong Kong       
    Institute of Certified Public Accountants ("HKICPA") and with the         
    applicable disclosure requirements of Appendix 16 to the Rules Governing  
    the Listing of Securities on the Stock Exchange (the "Listing Rules").    
                                                                              
    The unaudited condensed financial statements have been prepared under the 
    historical cost convention, except for the short-term investments in      
    equity securities which are stated at fair value on the basis of their    
    quoted market price at the end of the Period.                             
                                                                              
    The accounting policies adopted are consistent with those followed in the 
    Group's annual financial statements for the year ended 30 June 2004.      
                                                                              
    3. Segment information                                                    
    Turnover represents the net invoiced value of goods sold, after allowance 
    for returns and trade discounts.  All significant intra-group transactions
    have been eliminated on consolidation.                                    
                                                                              
    The Group's unaudited turnover and unaudited profit before tax analyzed by
    business segment are as follows: