09:03     REGAL INT'L<00078> - Results Announcement (1)                       

    Regal Hotels International Holdings Limited announced on 11/04/2005:      
    (stock code: 00078 )                                                      
    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  ('Million  )       ('Million  )      
    Turnover                           : 1,050.6            774.9             
    Profit/(Loss) from Operations      : 496.8 (Note 3)     99.5 (Note 2 & 3) 
    Finance cost                       : (139.8)            (144.1)           
    Share of Profit/(Loss) of                                                 
      Associates                       : 1.0                (2.0)             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 219.7              206.6             
    Profit/(Loss) after Tax & MI       : 602.9              207.8             
    % Change over Last Period          : +190.1    %                          
    EPS/(LPS)-Basic (in dollars)       : 0.074 (Note 4)     0.029 (Note 4)    
             -Diluted (in dollars)     : 0.066 (Note 4)     0.025 (Note 4)    
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 602.9              207.8             
    Final Dividend                     : 0.5 cent           Nil               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 13/06/2005         to 16/06/2005 bdi.
    Payable Date                       : 30/06/2005                           
    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.      IMPACT OF RECENTLY ISSUED HONG KONG FINANCIAL REPORTING STANDARDS 
    ("HKFRSs")                                                                
                                                                              
    The Hong Kong Institute of Certified Public Accountants has issued a      
    number of new and revised Hong Kong Financial Reporting Standards and Hong
    Kong Accounting Standards ("HKAS"), herein collectively referred to as the
    new HKFRSs, which are generally effective for accounting periods beginning
    on or after 1st January, 2005. The Group has not early adopted these new  
    HKFRSs in the financial statements for the year ended 31st December, 2004.
    The Group is in the process of making an assessment of the impact of these
    new HKFRSs, in particular, HKAS 16 "Property, Plant and Equipment" ("HKAS 
    16") and Interpretation 23 "The Appropriate Policies for Hotel Properties"
    ("Interpretation 23"), which affect hotel properties. The adoption of HKAS
    16 and Interpretation 23 will result in additional depreciation charges on
    the Group's hotel properties, thereby reducing the Group's operating      
    results. The Group has not come to a final decision as to whether to state
    the Group's hotel properties at cost less accumulated depreciation or at  
    valuation as permitted under HKAS 16. If the Group's hotel properties are 
    to be stated at cost less accumulated depreciation, the carrying values of
    the Group's hotel properties and hence the net asset value of the Group   
    may decrease significantly for accounting purposes.                       
                                                                              
    However, the adoption of HKAS 16 and Interpretation 23 will not have any  
    effect on the Group's EBITDA and operating cash flow.                     
                                                                              
    The Group is continuing with the assessment of the impact of the other new
    HKFRSs but is not yet in a position to state whether and to what extent   
    they would have an impact on its results of operations and financial      
    position.