08:28     E-NEW MEDIA<00128> - Results Announcement                           

    e-New Media Company Limited announced on 15/04/2005:                      
    (stock code: 00128 )                                                      
    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                           : 221,273            138,600           
    Profit/(Loss) from Operations      : 24,223             (11,999)          
    Finance cost                       : (377)              (969)             
    Share of Profit/(Loss) of                                                 
      Associates                       : (5,112)            (19,472)          
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 13,616             (34,069)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.008              (0.021)           
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 13,616             (34,069)          
    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.      Earnings/(loss) per share                                         
                                                                              
    a.      Basic earnings/(loss) per share                                   
                                                                              
    The calculation of basic earnings/(loss) per share is based on the net    
    profit/(loss) attributable to shareholders for the year of HK$13,616,000  
    (2003: loss of HK$34,069,000), and the weighted average of 1,650,658,676  
    (2003: 1,650,658,676) ordinary shares in issue during the year.           
                                                                              
    b.      Diluted earnings/(loss) per share                                 
                                                                              
    Diluted earnings/(loss) per share amounts for the years ended 31 December 
    2004 and 2003 have not been disclosed, as the share options outstanding   
    during these years had an anti-dilutive effect on the basic earnings/     
    (loss) per share for these years.                                         
                                                                              
                                                                              
    2.      Profit/(loss) from ordinary activities before taxation            
                                                                              
    The Group's profit/(loss) from ordinary activities before taxation is     
    arrived at after charging/(crediting):                                    
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
                                                                              
    Net realised and unrealised gain on                                       
      investments in other securities               (14,170)        (15,093)  
    Impairment of investment securities              22,988          32,800   
    Write back of deficit on revaluation of                                   
      land and buildings and investment properties  (35,780)        (9,699)   
    Impairment loss on goodwill included in                                   
      share of profits less losses of associates       -            14,519    
    Gain on disposal of a franchise business         (4,519)        -         
                                                                              
    For more details, please refer to the press announcement today.