13:31     SUNDAY COMM<00866> - Results Announcement (2)                       

                                                                              
    3.      Profit/(Loss) from operations                                     
                                                                              
            Profit from operations is stated after charging and crediting the 
    following:                                                                
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
            Charging                                                          
            Write-down of inventories to net realisable value                 
                                                      4,389           1,159   
            Cost of inventories sold                143,915         133,315   
            Depreciation:                                                     
            Owned fixed assets                      228,645         233,055   
            Leased fixed assets                           -             238   
            Loss on disposal of fixed assets            338             414   
            Operating lease charges:                                          
            Land and buildings, including transmission sites                  
                                                    182,383         195,945   
            Leased lines                             58,638          73,283   
            Provision for doubtful debts             25,573          30,228   
            Auditors' remuneration                                            
            Audit services                            1,288           1,100   
            Audit-related services                      248             251   
            Other permitted services                    368             198   
                                                    ------------------------  
                                                      1,904           1,549   
            Crediting                                                         
            Net exchange gains                          194             614   
                                                    ========================  
                                                                              
    4.      Taxation                                                          
                                                                              
    No provision for Hong Kong profits tax and overseas taxation has been made
    as the Group had sufficient tax losses brought forward to set off against 
    the assessable profits for the year (2003: Nil).                          
                                                                              
    5.      Earnings per share                                                
                                                                              
    (a)     Basic earnings per share                                          
                                                                              
    The calculation of basic earnings per share is based on the Group's profit
    for the year of HK$5,544,000 (2003: HK$27,172,000) and the 2,990,000,000  
    shares (2003: 2,990,000,000 shares) in issue during the year.             
                                                                              
    (b)     Diluted earnings per share                                        
                                                                              
    There is no dilutive effect upon exercise of the share options on the     
    earnings per share for the years ended 31st December 2004 and 2003 since  
    the exercise prices for the share options were above the average fair     
    value of the shares.