08:59     GLORIOUS SUN<00393> - Results Announcement                          

    Glorious Sun Enterprises Limited announced on 11/04/2005:                 
    (stock code: 00393 )                                                      
    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  ('000      )       ('000      )      
    Turnover                           : 3,583,751          3,310,309         
    Profit/(Loss) from Operations      : 350,674            336,817           
    Finance cost                       : (7,944)            (18,273)          
    Share of Profit/(Loss) of                                                 
      Associates                       : 36,840             42,581            
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 2,757              3,085             
    Profit/(Loss) after Tax & MI       : 220,075            165,025           
    % Change over Last Period          : +33.36    %                          
    EPS/(LPS)-Basic (in dollars)       : 0.2199             0.1649            
             -Diluted (in dollars)     : 0.2168             0.1639            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 220,075            165,025           
    Final Dividend                     : 10.5 cents         7.5 cents         
      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                       : 20/05/2005                           
    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.      Principal accounting policies and basis of presentation           
                                                                              
    The financial statements have been prepared in accordance with            
    Hong Kong Financial Reporting Standards ("HKFRS") (which also include     
    Statements of Standard Accounting Practice and Interpretations) issued by 
    the Hong Kong Institute of Certified Public Accountants ("HKICPA"),       
    accounting principles generally accepted in Hong Kong and the disclosure  
    requirements of the Hong Kong Companies Ordinance.                        
                                                                              
    The HKICPA has issued a number of new and revised HKFRS and Hong Kong     
    Accounting Standards ("new HKFRSs"), which are generally effective for    
    accounting periods beginning on or after January 1, 2005. The Group has   
    not early adopted these new HKFRSs in the financial statements for the    
    year ended 31 December, 2004.                                             
                                                                              
                                                                              
    2.      Earnings per share                                                
                                                                              
    (a)     Basic 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$220,075,000 (2003: HK$165,025,000) and 1,000,584,000 (2003:            
    1,000,584,000) ordinary shares in issue during the year.                  
                                                                              
    (b)     Diluted earnings per share                                        
                                                                              
    The calculation of diluted earnings per share for the year ended 31       
    December 2004 is based on the net profit from ordinary activities         
    attributable to shareholders for the year of HK$220,075,000 (2003:        
    HK$165,025,000 ). The weighted average number of ordinary shares used in  
    the calculation is the 1,000,584,000 ordinary shares in issue during the  
    year (2003: 1,000,584,000 ordinary shares), as used in the basic earnings 
    per share calculation; and the weighted average of 14,549,869 (2003:      
    6,492,898) ordinary shares assumed to have been issued at no consideration
    on the deemed exercise of all share options during the year.              
                                                                              
    For more details, please refer to the press announcement today.