08:28     CELESTIAL ASIA<01049> - Results Announcement                        

    Celestial Asia Securities Holdings Limited announced on 15/04/2005:       
    (stock code: 01049 )                                                      
    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                           : 1,124,389          1,033,831         
    Profit/(Loss) from Operations      : (150,018)          (43,382)          
    Finance cost                       : (11,398)           (7,593)           
    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       : (144,166)          (51,629)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.37)             (0.15)            
             -Diluted (in dollars)     : (0.37)             (0.15)            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (144,166)          (51,629)          
    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)     Loss per share                                                    
                                                                              
    The calculation of basic and diluted loss per share for the year ended 31 
    December 2004 together with the comparative figures for 2003 is based on  
    the following data:                                                       
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
                                                                              
    Loss for the purposes of basic and diluted                                
    loss per share                                  (144,166)       (51,629)  
                                                    ========================  
    Weighted average number of ordinary shares                                
    for the purpose of basic loss per share      384,959,237    340,333,142   
                                                                              
    Effect of dilutive potential ordinary                                     
    shares assumed exercise of share options        N/A             N/A       
                                                 ---------------------------- 
                                                                              
    Weighted average number of ordinary shares                                
    for the purpose of diluted loss per share   384,959,237     340,333,142   
                                                ============================  
                                                                              
    The calculation of diluted loss per share for the both years did not:     
                                                                              
    (i)     adjust the share of result of subsidiaries as the exercise prices 
    of the outstanding share options of the subsidiaries were higher than the 
    average market price of the subsidiaries' shares; and                     
                                                                              
    (ii)    assume the exercise of the Company's outstanding share options as 
    the exercise prices of those options were higher than the average market  
    price of the shares.                                                      
                                                                              
    (2)     The turnover for the year ended 31 December 2003 has been         
    adjusted.  In previous years, loss on trading of securities, options,     
    futures and leveraged foreign exchange contracts were classified as one of
    the items in turnover.  The Directors consider that it is the common      
    practice of the industry to show the results on trading of securities,    
    options, futures and leveraged foreign exchange contracts as other        
    operating income or expense in the income statement in order to be more   
    informative to the readers.  Accordingly, the comparative figure of the   
    loss on trading of securities, options, futures and leveraged foreign     
    exchange contracts was reclassified to conform with the current year's    
    presentation.                                                             
                                                                              
    For more details, please refer to the press announcement today.