13:32     CHITALY HOLD<01198> - Results Announcement (2)                      

                                                                              
    3. TURNOVER AND REVENUE                                                   
                                                                              
    Turnover represents the net invoiced value of goods sold during the year, 
    after allowances for returns and trade discounts, and after eliminations  
    of all significant intra-Group transactions.                              
                                                                              
    An analysis of the Group's turnover and revenue is as follows:            
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
    Turnover                                        403,766         300,719   
    Bank interest income                            222             2,114     
    Service income                                  32,783          12,600    
    Gain on disposal of short term investments      259             4,071     
    Dividend income from short term investments     251             770       
    Others                                          1,193           972       
                                                    ----------------------    
    Other revenue                                   34,708          20,527    
                                                    ----------------------    
    Revenue                                         438,474         321,246   
                                                    ========================  
                                                                              
    4. EARNINGS PER SHARE                                                     
                                                                              
    The calculation of basic earnings per share is based on the net profit    
    from ordinary activities attributable to shareholders for the year of HK$ 
    108,002,000 (2003: HK$77,244,000) and the weighted average of 239,693,000 
    (2003: 234,458,000) ordinary shares in issue during the year.  The        
    weighted average number of ordinary shares of the Company used to         
    calculate the basic earnings per share for the year ended 31st December   
    2004 included 232,566,000 ordinary shares brought forward at the beginning
    of that year, 11,100,000 ordinary shares issued in 2004.  The calculation 
    of diluted earnings per share is based on the net profit from ordinary    
    activities attributable to shareholders for the year of HK$108,002,000 (  
    2003: HK$77,244,000). The weighted average number of ordinary shares used 
    in the calculation is the 239,693,000 (2003: 234,458,000) ordinary shares 
    in issue during the year, as used in the basic earnings per share         
    calculation; and the weighted average of 5,485,246 (2003: 5,858,904)      
    ordinary shares assumed to have been issued at no consideration on the    
    deemed exercise of all share options with dilutive effect during the year.
                                                                              
    5. DIVIDENDS                                                              
                                                                    Group     
                                                    2004            2003      
                                                    HK$'000         HK$'000   
    Interim dividend - HK12.0 cents                                           
      (2003: HK6.0 cents) per ordinary share        29,240          14,238    
    Proposed final dividend - HK14.0 cents                                    
      (2003: HK12.0 cents) per ordinary share       34,113          27,908    
                                                    ----------------------    
                                                    63,353          42,146    
                                                    =======================   
                                                                              
    At a board meeting held on 8th April 2005 the directors declared a final  
    dividend of HK14.0 cents per ordinary share. This proposed dividend was   
    not reflected as a dividend payable in these accounts, but will be        
    reflected as an appropriation of retained earnings for the year ending    
    31st December 2005.                                                       
                                                                              
    6. TAX                                                                    
                                                                              
                                                                    Group     
                                                    2004            2003      
    Group:                                          HK$'000         HK$'000   
    Tax charge for the year                         23,855          11,754    
                                                    =======================   
                                                                              
    Hong Kong profits tax has not been provided for at the rate of 17.5% (    
    2003: 17.5%) as the Group did not generate any assessable profits in Hong 
    Kong during the year. Taxes on profits assessable elsewhere have been     
    calculated at the rates of tax prevailing in the countries in which the   
    Group operates, based on existing legislation, interpretations and        
    practices in respect thereof.  Macao income tax has been calculated at the
    statutory tax rate of 15.75% on the estimated assessable profits for the  
    year. Provision for tax on the estimated assessable profits of certain    
    subsidiaries arising from their operations in the PRC has been calculated 
    at the rate of PRC.