09:06     LI & FUNG<00494> - Results Announcement                             

    Li & Fung Limited announced on 22/03/2005:                                
    (stock code: 00494 )                                                      
    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                           : 47,170,601         42,630,510        
    Profit/(Loss) from Operations      : 1,638,204          1,324,325         
    Finance cost                       : (11,466)           (9,813)           
    Share of Profit/(Loss) of                                                 
      Associates                       : 35,528             2,015             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 1,530,228          1,223,118         
    % Change over Last Period          : +25.1     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.526              0.423             
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 1,530,228          1,223,118         
    Final Dividend                     : 30 cents           25 cents          
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 05/05/2005         to 12/05/2005 bdi.
    Payable Date                       : 12/05/2005                           
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : Special Dividend                     
      Current Period                     per share: 25 cents                  
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : 05/05/2005         to 12/05/2005 bdi.
                                                                              
    Remarks:                                                                  
                                                                              
    1           Earnings per share                                            
                                                                              
    (a)     The calculation of basic earnings per share is based on the       
    Group's profit attributable to shareholders of HK$1,530,228,000 (2003 :   
    HK$1,223,118,000) and on the weighted average number of 2,911,938,000 (   
    2003 : 2,893,046,000) shares in issue during the year.                    
                                                                              
    (b)     In the event that share options outstanding at 31 December 2004   
    and 2003 respectively were exercised in full, the diluted earnings per    
    share calculated on the bases in note (a) above would not be significantly
    different from the basic earnings per share as disclosed in the           
    consolidated profit and loss account.                                     
                                                                              
    For more details, please refer to the press announcement today.