13:06     KPI COMPANY<00605> - Results Announcement                           

    K.P.I. Company Limited announced on 18/04/2005:                           
    (stock code: 00605 )                                                      
    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                           : 140,953            296,151           
    Profit/(Loss) from Operations      : 8,293              28,241            
    Finance cost                       : (218)              (116)             
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 3,256              (10,968)          
    Profit/(Loss) after Tax & MI       : 11,842             10,337            
    % Change over Last Period          : +14.56    %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0136             0.0141 (Restated) 
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 11,842             10,337            
    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 Annual                                                      
      General Meeting                  : 19/05/2005         to 24/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    EARNINGS PER SHARE                                                        
                                                                              
    (i)     The calculation of basic earnings per share for the year is based 
    on the net profit attributable to shareholders of HK$11,842,000 (2003:    
    HK$10,337,000) and the weighted average number of 872,470,244 (2003: 675, 
    706,105) shares in issue during the year.                                 
                                                                              
    (ii)  The calculation of basic earnings per share for the year 2003 has   
    been restated to take into account the effect of right issue during the   
    year.                                                                     
                                                                              
    (iii)   No diluted earnings per share for the year ended 31 December 2004 
    has been presented because the Company's share options did not have a     
    dilutive effect during the year.