08:50     COMPUTER & TECH<00046> - Results Announcement                       

    Computer and Technologies Holdings Ltd. announced on 19/04/2005:          
    (stock code: 00046 )                                                      
    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                           : 251,800            362,136           
    Profit/(Loss) from Operations      : 2,937              6,029             
    Finance cost                       : (875)              (359)             
    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    1  : 4,322              6,066             
    % Change over Last Period          : -28.75    %                          
    EPS/(LPS)-Basic (in dollars)    3  : 0.0157             0.0221            
             -Diluted (in dollars)     : 0.0157             0.0220            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 4,322              6,066             
    Final Dividend                  2  : 0                  0                 
      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                  : To Be Announced                      
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      PROFIT FROM OPERATING ACTIVITIES                                  
                                                                              
            The Group's profit from operating activities is arrived at after  
    charging/(crediting):                                                     
                                                   2004            2003       
                                                   HK$'000         HK$'000    
    Depreciation                                   8,735           7,740      
    Less: Capitalised in deferred                                             
      development costs                            -               (282)      
                                                 --------        --------     
                                                  8,755           7,458       
                                                 --------        --------     
                                                                              
    Amortisation of deferred development costs    2,319           413         
    Amortisation of goodwill                      3,672           3,635       
    Gain on deemed disposal of subsidiaries       (15,309)        -           
            Interest income                       (1,791)         (2,840)     
                                                  ========        ========    
                                                                              
                                                                              
    2.      DIVIDEND                                                          
                                                                              
            The Board does not recommend the payment of any dividend for the  
    year (2003: Nil).                                                         
                                                                              
                                                                              
    3.      EARNINGS PER SHARE                                                
                                                                              
    (a)     Basic earnings per share                                          
                                                                              
            The calculation of basic earnings per share is based on the net   
    profit attributable to shareholders for the year of HK$4,322,000 (2003:   
    HK$6,066,000), and the weighted average of 275,173,000 (2003: 274,107,000)
    ordinary shares of the Company in issue during the year.                  
                                                                              
    (b)     Diluted earnings per share                                        
                                                                              
            The calculation of diluted earnings per share for the year ended  
    31 December 2004 is based on the net profit attributable to shareholders  
    for the year of HK$4,322,000 (2003: HK$6,066,000).  The weighted average  
    number of ordinary shares used in the calculation is the 275,173,000 (    
    2003: 274,107,000) ordinary shares in issue during the year, as used in   
    the basic earnings per share calculation and the weighted average of 176, 
    000 (2003: 1,032,000) ordinary shares assumed to have been issued at no   
    consideration on the deemed exercise of all share options during the year.
                                                                              
    For more details, please refer to the press announcement today.