08:59     IDS<02387> - Results Announcement (1)                               

    Integrated Distribution Services Group Limited announced on 07/04/2005:   
    (stock code: 02387 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: USD                                                             
    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                           : 584,876            591,814           
    Profit/(Loss) from Operations      : 13,203             13,097            
    Finance cost, net                  : (687)              (1,335)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                256               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 25                 34                
    Profit/(Loss) after Tax & MI       : 10,546             8,368             
    % Change over Last Period          : +26       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0431             0.0349            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 10,546             8,368             
    Final Dividend                     : NIL                N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final 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       Basis of preparation                                              
                                                                              
    (a)     The Company was incorporated in Bermuda on 25 September 2003. Its 
    shares have been listed on the Main Board of The Stock Exchange of Hong   
    Kong Limited (the "Stock Exchange") since 7th December 2004.  Pursuant to 
    a group reorganization (the "Reorganization") in preparation for the      
    listing of the shares of the Company on the Stock Exchange, the Company   
    became the holding company of the companies now comprising the Group on 20
    November 2004.  The Reorganization involved companies under common control
    and the Company and its subsidiaries resulting from the Reorganization are
    regarded as a continuing group.  Accordingly, the Reorganization has been 
    accounted for on the basis of merger accounting, under which consolidated 
    accounts have been prepared as if the Company had been the holding company
    of the companies comprising the Group throughout the accounting years     
    presented.                                                                
                                                                              
    (b)     The accounts have been prepared in accordance with accounting     
    principles generally accepted in Hong Kong and comply with accounting     
    standards issued by the Hong Kong Institute of Certified Public           
    Accountants ("HKICPA").  The accounts are prepared under the historical   
    cost convention except that certain properties and the warehouse automated
    storage retrieval system have been stated at valuation.                   
                                                                              
    (c)     HKICPA has issued a number of new and revised Hong Kong Financial 
    Reporting Standards and Hong Kong Accounting Standards (''new HKFRSs'')   
    which are effective for accounting periods beginning on or after 1 January
    2005. The Group has not early adopted these new HKFRSs in the accounts for
    the year ended 31 December 2004. The Group has commenced an assessment of 
    the impact of these new HKFRSs but is not yet in a position to state      
    whether these new HKFRSs would have a significant impact on its results of
    operations and financial position.