08:59     POLY HK INV<00119> - Results Announcement (1)                       

    Poly (Hong Kong) Investments Limited announced on 19/04/2005:             
    (stock code: 00119 )                                                      
    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                           : 567,190            473,590           
    Profit/(Loss) from Operations      : 182,837            68,409            
    Finance cost                       : (16,985)           (20,230)          
    Share of Profit/(Loss) of                                                 
      Associates                       : 7,253              36,532            
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 164,997            71,247            
    % Change over Last Period          : +131.6    %                          
    EPS/(LPS)-Basic (in dollars)       : 0.1861             0.0882            
             -Diluted (in dollars)     : 0.1835             N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 164,997            71,247            
    Final Dividend                     : 3 cents            6 cents           
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 23/05/2005         to 25/05/2005 bdi.
    Payable Date                       : 03/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 23/05/2005         to 25/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      POTENTIAL IMPACT ARISING FROM THE RECENTLY ISSUED ACCOUNTING      
    STANDARDS                                                                 
                                                                              
    In 2004, the Hong Kong Institute of Certified Public Accountants ("HKICPA 
    ") issued a number of new or revised Hong Kong Accounting Standards and   
    Hong Kong Financial Reporting Standards (herein collectively referred to  
    as "new HKFRSs") which are effective for accounting periods beginning on  
    or after 1st January, 2005.  The Group has not early adopted these new    
    HKFRSs in the financial statements for the year ended 31st December, 2004.
                                                                              
    The Group has commenced considering the potential impact of these new     
    HKFRSs but is not yet in a position to detemine whether the new HKFRSs    
    would have a significant impact on how its results of operations and      
    financial position are prepared and presented.  These new HKFRSs may      
    result in changes in the future as to how the results and financial       
    position are prepared and presented.                                      
                                                                              
    2.      BUSINESS AND GEOGRAPHICAL SEGMENTS                                
                                                                              
    Business segments                                                         
                                                                              
    For management purposes, the Group's operations are organised into six    
    operating divisions namely supply of electricity and gas. Property        
    investment and management, manufacturing and media, financial services,   
    hotel and restaurant operations and shipping.  These divisions are the    
    basis on which the Group reports its primary segment information.         
                                                                              
    In November 2004, the shipping business was discontinuing.                
                                                                              
    Segment information about these business in presented below:              
                                                                              
    For the year ended 31st December, 2004                                    
                     Continuing operations                                    
    -----------------------------------------------                           
    Supply                                                                    
    of      Property                          Hotel                           
    elect- investment Manufac-                and    Discon-                  
    ricity  and       turing   Financial  restaurant  tinuing  Elimin-        
    and gas management and     services   operations operation ations    Total
                                                                              
                      media                          Shipping                 
    ------- --------- -------- --------  ----------- --------- -------- ------
    HK$'000 HK$'000  HK$'000   HK$'000    HK$'000   HK$'000    HK$'000  HK$'  
    000                                                                       
                                                                              
    By principal activity