09:00     WORLD HOUSEWARE<00713> - Results Announcement                       

    World Houseware (Holdings) Limited announced on 12/04/2005:               
    (stock code: 00713 )                                                      
    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                           : 870,936            737,541           
    Profit/(Loss) from Operations      : 28,129             43,445            
    Finance cost                       : (5,372)            (3,485)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 19,858             37,028            
    % Change over Last Period          : -46.4     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.029              0.055             
             -Diluted (in dollars)     : N/A                0.055             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 19,858             37,028            
    Final Dividend                     : 0.5 cent           0.5 cent          
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 19/05/2005         to 25/05/2005 bdi.
    Payable Date                       : 27/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 19/05/2005         to 25/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1: EARNINGS PER SHARE                                                     
                                                                              
    The calculations of the basic and diluted earnings per share are as       
    follows:                                                                  
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
    Earnings for the purpose of calculating basic                             
      and diluted earnings per share                19,858          37,028    
                                                    ========        ========  
                                                                              
                                                  Number of shares            
                                                2004            2003          
    Number of shares for the purpose of                                       
      calculating basic earnings per share  676,417,401     676,417,401       
                                            ============                      
                                                                              
    Effect of dilutive potential shares:                                      
    Share options                                           152,954           
                                                            ------------      
    Weighted average number of shares for                                     
      the purpose of calculating diluted                                      
      earnings per share                                    676,570,355       
                                                            ============      
                                                                              
    Basic earnings per share                2.9 cents       5.5 cents         
                                            ==========      ==========        
    Diluted earnings per share              N/A             5.5 cents         
                                            ==========      ==========        
                                                                              
    In 2004, no diluted earnings per share has been presented because the     
    exercise price of the Company's options was higher than the average market
    price of the Company's shares.                                            
                                                                              
    For more details, please refer to the press announcement today.