08:26     LAI FUNG HOLD<01125> - Results Announcement                         

    Lai Fung Holdings Limited announced on 15/04/2005:                        
    (stock code: 01125 )                                                      
    Year end date: 31/07/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Audit Committee                               
                                                                              
                                                            (Unaudited )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/08/2004    from 01/08/2003   
                                         to 31/01/2005      to 31/01/2004     
                                   Note  ($         )       ($         )      
    Turnover                           : 249,702,000        143,143,000       
    Profit/(Loss) from Operations      : 94,087,000         47,911,000        
    Finance cost                       : (16,987,000)       (16,776,000)      
    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       : 50,193,000         50,070,000        
    % Change over Last Period          : +0.25     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0085             0.0108            
             -Diluted (in dollars)     : N/A                0.0108            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 50,193,000         50,070,000        
    Interim Dividend                   : NIL                NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Interim 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:                                                                  
                                                                              
    EARNINGS PER SHARE                                                        
                                                                              
    The calculation of basic earnings per share is based on the net profit    
    from ordinary activities attributable to shareholders for the period of   
    HK$50,193,000 (six months ended 31st January, 2004: HK$50,070,000), and   
    the weighted average of 5,872,956,478 (six months ended 31st January,     
    2004: 4,618,256,661) ordinary shares in issue during the period.          
                                                                              
    The calculation of diluted earnings per share for the six months ended    
    31st January, 2004 was based on the net profit from ordinary activities   
    attributable to shareholders for that period of HK$50,070,000, and the    
    diluted weighted average of 4,627,289,516 ordinary shares in issue during 
    that period.                                                              
                                                                              
    The diluted earnings per share for the six months ended 31st January, 2005
    has not been shown because there were no potential ordinary shares        
    outstanding during the period.                                            
                                                                              
    For more details, please refer to the press announcement today.