08:57     DAIDO GROUP<00544> - Results Announcement (1)                       

    Daido Group Limited announced on 18/04/2005:                              
    (stock code: 00544 )                                                      
    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                           : 109,247            152,112           
    Profit/(Loss) from Operations      : 93,364             36,107            
    Finance cost                       : (8,463)            (11,397)          
    Share of Profit/(Loss) of                                                 
      Associates                       : (288)              N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI    1  : 86,419             20,831            
    % Change over Last Period          : +315      %                          
    EPS/(LPS)-Basic (in dollars)    4  : 0.0288             0.0069            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items   1  : 86,419             20,831            
    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.      Turnover and segment information                                  
                                                                              
    Business segments                                                         
                                                                              
    For management purposes, the Group is currently organised into two        
    operating divisions - construction work contracting and sales of concrete 
    products, and properties investment.                                      
                                                                              
    In December 2004, the Group entered into a conditional Sale and Purchase  
    Agreement to dispose of entire issued capital in certain subsidiaries, all
    of which carried on property investment businesses.  The property         
    investment businesses became discontinued upon the completion of the      
    disposal on 15th February, 2005.                                          
                                                                              
            In July 2003, the Group discontinued to sell steel products and   
    manufacture and sell metal products.  The net segment result of HK$3,438, 
    000 represented the results of the subsidiaries disposed of during the    
    period from 1st January, 2003 to 30th June, 2003.                         
                                                                              
            Segment information about these businesses is presented below as  
    primary segment information.                                              
                                                                              
    2004                                                                      
                                                                              
    Continuing operation    Discontinuing operations                          
    ---------------------   ---------------------------------                 
    Construction                                                              
    work                                                                      
    contracting                                     Manufacture               
    and sales                       Sales of        and sales                 
    of concrete     Properties      steel           of metal                  
    products        investment      products        products    Consolidated  
    ------------    ------------    ---------       ---------   ------------- 
                                                                              
    HK$'000         HK$'000         HK$'000         HK$'000         HK$'000   
                                                                              
    REVENUE                                                                   
    External sales                                                            
                                                                              
    68,053          41,194          -               -               109,247   
                                                                              
    Inter-segment sales                                                       
                                                                              
    -               -               -               -               -         
    ----------      ----------      -----------     ---------       --------- 
                                                                              
    Total revenue                                                             
                                                                              
    68,053          41,194          -               -               109,247   
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