08:57     ROAD KING INFRA<01098> - Results Announcement (1)                   

    Road King Infrastructure Limited announced on 01/04/2005:                 
    (stock code: 01098 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                                            (Restated)        
                                         (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                           : 48,299             119,344           
    Profit/(Loss) from Operations      : (49,933)           3,717             
    Finance cost                       : (102,604)          (65,933)          
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Operating Profit of                                              
         Joint Ventures                : 559,615            432,750           
    Profit/(Loss) after Tax & MI       : 368,803            322,665           
    % Change over Last Period          : +14.3     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.63               0.56              
             -Diluted (in dollars)     : 0.63               0.56              
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 368,803            322,665           
    Final Dividend                     : $0.18              $0.10             
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 10/05/2005         to 13/05/2005 bdi.
    Payable Date                       : 25/05/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 10/05/2005         to 13/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1. Reconciliation of Change of Figures for Last Corresponding Period      
                                                                              
                                                                              
                                                                              
    In the current period, the Group has adopted SSAP 36 "Agriculture" which  
    is effective for accounting periods commencing on or after 1 January 2004.
    SSAP 36 requires the measurement of biological assets and agriculture     
    produce at their fair value.  As a result of adoption of this standard,   
    the comparative figures have been restated.                               
                                                                              
                                                                              
    A reconciliation of last corresponding period from 1 January to 31        
    December 2003 is set out below:                                           
                                                                              
                            Profit (Loss)   Profit after    Profit after      
                            from            Taxation        ETD               
                            Operations      & MI            Items             
                            HK$'000         HK$'000         HK$'000           
                                                                              
    Per last year's figures (514)           318,328         318,328           
    Adjustment due to                                                         
      adoption of SSAP 36:                                                    
     Cost of inventories                                                      
       sold                 (33,717)        (33,717)        (33,717)          
     Change in fair value                                                     
       of inventories       37,948          37,948          37,948            
     Deferred taxation                      (1,481)         (1,481)           
    Increase in minority                                                      
      interests                             1,587           1,587             
                            ----------      -----------     ------------      
    Per current year's                                                        
      figure                3,717           322,665         322,665           
                            ==========      ===========     ============