09:02     SYMPHONY HOLD<01223> - Results Announcement (2)                     

                                                                              
    2.      SEGMENTAL INFORMATION                                             
                                                                              
            Business segments                                                 
                                                                              
            No business segment analysis is presented as less than 10% of the 
    Group's turnover and contribution to results are contributed by activities
    other than the manufacture and marketing of footwear products.            
                                                                              
            Geographical segments                                             
                                                                              
            An analysis of the Group's turnover and contribution to operating 
    results and segmental assets and liabilities by geographical segments,    
    irrespective of the origin of the goods, is presented below:-             
                                                                              
    2004                                                                      
                                                                              
    United                                                                    
    States of                                                                 
    America    Canada       Europe  Asia    Australia   Others    Consolidated
    HK$'000    HK$'000      HK$'000 HK$'000 HK$'000     HK$'000   HK$'000     
    TURNOVER                                                                  
    External sales                                                            
    807,796    92,165       329,216 38,014  94,697     85,963       1,447,851 
    ==========================================================================
                                                                              
    RESULTS                                                                   
    Segment results                                                           
    117,441   13,399        47,863  5,527   14,667     12,498       211,395   
    =========================================================                 
                                                                              
    Unallocated corporate                                                     
      expenses                                                      (20,738)  
                                                                    --------  
    Profit from operations                                          190,657   
    Share of results of jointly                                               
      controlled entities                                           (2,646)   
                                                                    -------   
    Profit before taxation                                          188,011   
    Income tax expense                                              (16,807)  
                                                                    --------- 
    Profit before minority interests                                171,204   
    Minority interests                                              (7,015)   
                                                                    --------  
    Net profit for the year                                         164,189   
                                                                    =======   
                                                                              
    2003                                                                      
                                                                              
    United                                                                    
    States of                                                                 
    America    Canada       Europe  Asia    Australia  Others    Consolidated 
    HK$'000    HK$'000      HK$'000 HK$'000 HK$'000    HK$'000   HK$'000      
    TURNOVER                                                                  
    External sales                                                            
    605,919    126,015      293,539 59,302  32,094    66,779     1,183,648    
    =======================================================================   
                                                                              
    RESULTS                                                                   
    Segment results                                                           
    98,424     20,470       47,682  9,565   5,213     10,847     192,201      
    ========================================================                  
    Unallocated corporate                                                     
      expenses                                                    (54,187)    
                                                                  ---------   
    Profit from operations                                        138,014     
    Interest on bank loans                                                    
      and overdrafts wholly                                                   
      repayable within five years                                   (2)       
    Share of results of a jointly                                             
      controlled entity                                             137,232   
                                                                  ----------  
    Profit before taxation                                          275,244   
    Income tax expense                                              (16,100)  
                                                                  ----------  
    Profit before minority interests                                259,144   
    Minority interests                                              (2,381)   
                                                                    --------  
    Net profit for the year                                         256,763   
                                                                    =======