13:43     COL CAPITAL<00383> - Results Announcement (2)                       

    By business segments                                                      
                                                                              
    For the year ended 31 December 2004                                       
                                                                              
    Mobile       Securities                                                   
    phone        trading and  Financial Property    Unallocated               
    distribution investments  services  investment  segment      Consolidated 
    ------------- ----------- ---------- ---------- ------------ -------------
    HK$'000        HK$'000    HK$'000   HK$'000     HK$'000      HK$'000      
    Revenue                                                                   
    External sales                                                            
    237,205         592,055   15,787   2,444        -           847,491       
    Other operating income                                                    
    -                 7,478    20       -           -             7,498       
    _______         _______ ______    _____         _____       _______       
    237,205         599,533 15,807    2,444         -           854,989       
    =======         ======= ======    ========      =======     ========      
                                                                              
    Result                                                                    
    Segment result                                                            
    21,791          191,026 15,747      781         -           229,345       
    ======          ======= =======     ====        =========                 
                                                                              
    Unallocated other operating income 5,540        7,364      12,904         
    Unallocated corporate expenses                            (38,318)        
                                                              __________      
    Profit from operations                                     203,931        
    Finance costs                                                 (530)       
                                                               _________      
    Profit before taxation                                      203,401       
    Tax charge                                                     (127)      
                                                                _________     
    Profit for the year                                          203,274      
                                                                 ========     
                                                                              
    For the year ended 31 December 2003                                       
                                                                              
                                    Mobile          Securities                
                                    phone           trading and     Financial 
                                    distribution    investments     services  
                                    HK$'000         HK$'000         HK$'000   
    Revenue                                                                   
    External sales                  98,775          387,899         2,476     
    Other operating income          -               7,275           20        
                                    --------        --------        -------   
                                    98,775          395,174         2,496     
                                    ========        ========        =======   
    Result                                                                    
    Segment result                  1,301           174,471         2,484     
                                    --------        --------        -------   
    Gain on disposal of                                                       
      subsidiaries                  41,109          -               -         
    Share of result of a jointly                                              
      controlled entity             -               -               -         
                                                                              
                                    Property                                  
                                    investments     Others  Consolidated      
                                    HK$'000         HK$'000 HK$'000           
                                                            (restated)        
    Revenue                                                                   
    External sales                  3,349           1,034   493,533           
    Other operating income          -               -       7,295             
                                    ---------       ------- --------          
                                    3,349           1,034   500,828           
                                    =========       ======= ========          
    Result                                                                    
    Segment result                  (505)           (2,520) 175,231           
                                    ---------       -------                   
    Unallocated other operating income                      7,121             
    Unallocated corporate expenses                          (20,843)          
                                                            ----------        
    Profit from operations                                  161,509           
    Finance costs                                           (545)             
    Gain on expiry of warrants                              90,369            
    Gain on disposal of                                                       
      subsidiaries                  -               -       41,109            
    Share of result of a jointly                                              
      controlled entity             -               (28)    (28)              
                                                            ---------         
    Profit before taxation                                  292,414           
    Tax charge                                              (336)             
                                                            ---------         
    Profit for the year                                     292,078           
                                                            =========         
                                                                              
    By geographical segments                                                  
                                                                              
    The Group's operations are located in Hong Kong and the Mainland China (" 
    China").                                                                  
                                                                              
    The Group's distribution of mobile phone is carried out in Hong Kong.     
    Securities trading and investments and financial services are carried out 
    in Hong Kong.  Rental income from property investment is from Hong Kong   
    and China.  Commission income is earned in Hong Kong.