09:04     BEIJING DEV(HK)<00154> - Results Announcement (1)                   

    Beijing Development (Hong Kong) Limited announced on 12/04/2005:          
    (stock code: 00154 )                                                      
    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                           : 531,848            481,345           
    Profit/(Loss) from Operations      : 43,019             42,681            
    Finance cost                       : (9,373)            (6,651)           
    Share of Profit/(Loss) of                                                 
      Associates                       : (1,811)            (1,757)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : (116)              (48)              
    Profit/(Loss) after Tax & MI       : 14,886             21,721            
    % Change over Last Period          : -31       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.030              0.045             
             -Diluted (in dollars)     : 0.030              0.045             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 14,886             21,721            
    Final Dividend                     : NIL                NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : N/A                                  
    Payable Date                       : N/A                                  
    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.      Basis of preparation                                              
                                                                              
    The Hong Kong Institute of Certified Public Accountants has issued a      
    number of new and revised Hong Kong Financial Reporting Standards ("      
    HKFRSs") and Hong Kong Accounting Standards ("HKASs") which are generally 
    effective for accounting periods beginning on or after 1 January 2005.    
    The Group has early adopted certain new HKFRSs and HKASs in the financial 
    statements for the year ended 31 December 2004.                           
                                                                              
    2.      Turnover                                                          
                                            2004            2003              
                                            HK$'000         HK$'000           
    Information technology                  256,764         268,151           
    Restaurants                             246,671         206,890           
    Property investments                    28,413          6,304             
                                            ----------------------------      
                                            531,848         481,345           
                                            ===========================       
                                                                              
    3.      Profit from Operations                                            
                                            2004            2003              
                                            HK$'000         HK$'000           
    Information technology                  30,955          50,526            
    Restaurants                             10,405          (710)             
    Property investments                    14,807          3,962             
                                            -------------------------         
                                            56,167          53,778            
    Interest income                         796             1,102             
    Corporate income                        200             -                 
    Unallocated corporate expenses          (14,144)        (12,199)          
                                            -------------------------         
                                            43,019          42,681            
                                            ===========================       
                                                                              
    4.      Profit from operations is arrived at after charging/(crediting):  
                                                                              
                                            2004            2003              
                                            HK$'000         HK$'000           
    Depreciation                            17,338          16,916            
    Amortisation of goodwill                -               14,503            
    Release of goodwill upon disposal of partial                              
      interests in subsidiaries             7,135           10,750            
    Negative goodwill recognized as income                                    
      during the year                       -               (1,939)           
    Amortisation of intangible assets       2,264           1,918             
                                            ==========================