09:09     SINOLINK HOLD<01168> - Results Announcement (3)                     

                                                                              
    Taxation                                                          (48,654)
                                                                              
                                                                  ------------
                                                                              
    Profit before minority interests                                  756,593 
                                                                              
                                                                              
    Minority interests                                               (126,658)
                                                                              
                                                                  ------------
                                                                              
    Net profit for the year                                           629,935 
                                                                              
                                                                              
                                                                              
    Inter-segment sales are charged at prevailing market prices.              
                                                                              
    2.                                                                        
    Profit from operations                                                    
                                                       2004          2003     
                                                    HK$'000       HK$'000     
                                                                              
    Profit from operation has been arrived at after charging:                 
                                                                              
                                                                              
    Amortisation of goodwill                                                  
    (included under administrative expenses)          1,475         1,216     
                                                                              
    Amortisation of intangible asset                                          
    (included under administrative expenses)            502           373     
                                                                              
    Depreciation and amortisation of property,                                
     plant and equipment                             52,386        34,033     
                                                                              
    Impairment loss recognised in respect of                                  
     investments in securities                      (25,000)            -     
                                                                              
    Loss on disposal of property, plant                                       
     and equipment                                        -        10,033     
                                                    ---------     --------    
                                                                              
                                                                              
    3. Earnings per share                                                     
                                                       2004          2003     
                                                    HK$'000       HK$'000     
                                                                (Restated)    
                                                                              
    Earnings for the purposes of                                              
     basic earnings per share                       314,477       629,935     
                                                                              
    Effect of dilutive potential shares:                                      
                                                                              
    Interest on convertible note                       -              489     
                                                                              
    Adjustments to the share of results of subsidiaries                       
     based on dilution of their earnings per share  (14,560)           -      
                                                  -----------    ---------    
    Earnings for the purposes of                                              
     diluted earnings per share                     299,917       630,424     
                                                    =======       =======     
                                                                              
                                                      Number of shares        
                                                      ----------------        
                                                                              
    Weighted average number of shares for                                     
     the purposes of basic earnings per share 2,310,631,000  2,238,058,000    
                                                                              
    Effect of dilutive potential ordinary shares:                             
                                                                              
     Options                                     18,909,000      4,959,000    
     Convertible note                                  -        46,277,000    
                                              -------------  --------------   
    Weighted average number of shares for the                                 
     purposes of diluted earnings per share   2,329,540,000  2,289,294,000    
                                              =============  ==============   
                                                                              
    The weighted average number of shares for the purposes of basic and       
    diluted earnings per share for 2003, and the comparative figures of basic 
    and diluted earnings per share have been restated to take into account the
    effect of the two-for-ten bonus issue of shares during the year ender     
    31 December 2004.