09:00     POLY HK INV<00119> - Results Announcement (4)                       

    6.      EARNINGS PER SHARE                                                
                                                                              
    The calculation of the basic and diluted earnings per share for the year  
    is based on the following data:                                           
                                            2004            2003              
                                            HK$'000         HK$'000           
    Earnings for the purposes of basic                                        
    and diluted earnings per share                                            
    - profit for the year                   164,997         71,247            
                                    ===================================       
                                                                              
                                    Number of shares        Number of shares  
    Weighted average number of ordinary                                       
    shares for the purposes of basic                                          
    earnings per share              886,517,392             807,527,241       
    Effect of dilutive potential                                              
    ordinary shares in respect                                                
    of share option                  12,697,607             -                 
                                     -----------------------------------      
    Weighted average number of                                                
    ordinary shares for the                                                   
    purposes of diluted earnings                                              
    per share                       899,214,999             807,527,241       
                                    ===================================       
                                                                              
    No diluted earnings per share for the year ended 31st December, 2003 was  
    presented since the exercise price of the Company's share options were    
    higher than the average market price per share for that year.             
                                                                              
    For more details, please refer to the press announcement today.