08:58     WKK INTL (HOLD)<00532> - Results Announcement                       

    Wong's Kong King International (Holdings) Limited announced on 11/04/2005:
    (stock code: 00532 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    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  ($         )       ($         )      
    Turnover                           : 4,279,844,000      2,991,971,000     
    Profit/(Loss) from Operations      : 202,882,000        109,007,000       
    Finance cost                       : (29,210,000)       (26,617,000)      
    Share of Profit/(Loss) of                                                 
      Associates                       : 245,000            (410,000)         
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 122,519,000        44,502,000        
    % Change over Last Period          : +175.31   %                          
    EPS/(LPS)-Basic (in dollars)       : 0.1768             0.0642            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 122,519,000        44,502,000        
    Final Dividend                     : 2 cents            NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
    B/C Dates for                                                             
      Final Dividend                   : 25/05/2005         to 30/05/2005 bdi.
    Payable Date                       : 28/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 25/05/2005         to 30/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
    1. EXCEPTIONAL ITEMS                                                      
                                                                              
      Profit after taxation has been arrived at after crediting (charging) the
      following exceptional items.                                            
                                                 Year ended 31st December     
                                                       2004          2003     
                                                    HK$'000       HK$'000     
                                                                              
    Net increase in impairment loss recognised                                
        in respect of                                                         
      Freehold land and buildings in overseas         5,241             -     
                                                                              
    Provision for doubtful debts on advances to                               
        investee companies                            2,362             -     
                                                                              
    Impairment loss recognized in respect of                                  
        other assets                                  2,116             -     
                                                                              
    Gain on disposal of partial interest                                      
        in a subsidiary                                   -         1,703     
                                                                              
    Impairment loss recognised in respect of                                  
        Acquisition of subsidiaries                       -        (7,709)    
                                                                              
    Allowance for amounts due from                                            
        jointly controlled entities                       -        (8,388)    
                                                                              
                                                                              
    2. POTENTIAL IMPACT ARISING FROM THE RECENTLY ISSUED ACCOUNTING STANDARDS 
                                                                              
    In 2004, the Hong Kong Institute of Certified Public Accountants (the "   
    HKICPA") issued a number of new or revised Hong Kong Accounting Standards 
    ("HKASs") and Hong Kong Financial Reporting Standards ("HKFRSs") (herein  
    collectively referred to as "new HKFRSs") which are effective for         
    accounting periods beginning on or after 1st January, 2005. The Company   
    has not early adopted these new HKFRSs in the financial statements for the
    year ended 31st December 2004.                                            
                                                                              
    The Company has considered these new HKFRSs but does not expect that the  
    issuance of these HKFRSs will have a material effect on how the results of
    operations and financial position of the Company are prepared and         
    presented.                                                                
                                                                              
                                                                              
    3. EARNINGS PER SHARE                                                     
                                                                              
    The calculation of the basic earnings per share is based on the earnings  
    of HK$122,519,000  (2003: HK$44,502,000) and the weighted average number  
    of ordinary shares of 692,791,964 shares (2002: 692,791,964 shares).      
                                                                              
    No diluted earnings per share has been presented because the Company has  
    no potentially dilutive equity exists for the two years ended 31 st       
    December, 2004.                                                           
    For more details, please refer to the press announcement today.