08:29     MULTIFIELD INTL<00898> - Results Announcement                       

    Multifield International Holdings Limited announced on 15/04/2005:        
    (stock code: 00898 )                                                      
    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                           : 701,466            334,252           
    Profit/(Loss) from Operations      : 134,132            105,321           
    Finance cost                       : (13,070)           (24,340)          
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                (621)             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 81,251             54,730            
    % Change over Last Period          : +48.5     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0201             0.0137            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 81,251             54,730            
    Final Dividend                     : 0.325 cent         0.30 cent         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 20/06/2005         to 22/06/2005 bdi.
    Payable Date                       : 29/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 20/06/2005         to 22/06/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.      ACCOUNTING POLICIES                                               
                                                                              
    The financial statements have been prepared under the historical          
    cost convention, except for the periodic remeasurement of investment      
    properties and short term investments, and in accordance with accounting  
    principles generally accepted in Hong Kong.                               
                                                                              
    The Hong Kong Institute of Certified Public Accountants has issued a      
    number of new and revised Hong Kong Financial Reporting Standards and Hong
    Kong Accounting Standards (the "new HKFRSs"), which are effective for     
    accounting periods beginning on or after 1 January 2005.  The Group has   
    not early adopted these new HKFRSs in the financial statements for the    
    year ended 31 December 2004.  These new HKFRSs may result in changes in   
    the future as to how the Group's financial performance and financial      
    position are prepared and presented.                                      
                                                                              
    2.      EARNINGS PER SHARE                                                
                                                                              
    The calculation of basic earnings per share is based on the net           
    profit from ordinary activities attributable to shareholders for the year 
    of HK$81,251,000 (2003: HK$54,730,000) and the weighted average number of 
    4,043,276,309 (2003: 4,000,526,323) ordinary shares in issue during the   
    year.                                                                     
                                                                              
    Diluted earnings per share for the years ended 31 December 2003           
    and 2004 have not been disclosed as no diluting events existed during     
    either year.                                                              
                                                                              
                                                                              
    3.         DIVIDENDS                                                      
                                      Group and Company                       
                                    2004            2003                      
                                    HK$'000         HK$'000                   
                                                                              
    Interim dividend of 0.15 HK cents                                         
    (2003: 0.15 HK cents) per ordinary share                                  
                                    6,270           6,001                     
                                                                              
    Proposed final dividend of 0.325 HK cents                                 
    (2003: 0.30 HK cents) per ordinary share                                  
                                    13,586          12,002                    
                                    _______         _______                   
                                                                              
                                    19,856          18,003                    
                                    =======         =======                   
                                                                              
    The proposed final dividend for the year ended 31 December 2004 is        
    subject to the approval of the Company's shareholders at the forthcoming  
    annual general meeting.