08:57     RAYMOND IND<00229> - Results Announcement                           

    Raymond Industrial Limited announced on 20/04/2005:                       
    (stock code: 00229 )                                                      
    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                           : 1,069,082          804,922           
    Profit/(Loss) from Operations      : 192,029            131,025           
    Finance cost                       : (25,343)           (24,057)          
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : (9,001)            (212)             
    Profit/(Loss) after Tax & MI       : 123,441            83,886            
    % Change over Last Period          : +47.15    %                          
    EPS/(LPS)-Basic (in dollars)       : 0.3338             0.258             
             -Diluted (in dollars)     : 0.3309             0.256             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 123,441            83,886            
    Final Dividend                     : 11 cents           10 cents          
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 17/05/2005         to 20/05/2005 bdi.
    Payable Date                       : 14/06/2005                           
    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) In the current year, the Group has early adopted Hong Kong Accounting 
    Standard 40 "Investment Property" issued by the Hong Kong Institute of    
    Certified Public Accountants ("HKAS40" ).                                 
    The adoption of HKAS40 represents a change in accounting policy of which  
    the effect was adjusted to the opening balances at 1st January 2004 in    
    accordance with the transitional provisions of HKAS40. As a result, the   
    comparative figures have not been restated.  The adoption of HKAS40 has   
    increased the retained earnings at 1st January 2004 of the Group and the  
    Company by HK$116,399,483 and HK$116,373,944 respectively and the Group's 
    profit for the year by HK$63,741,131.                                     
                                                                              
    (2) Earnings per share                                                    
    The calculations of basic and diluted earnings per share are based on the 
    Group's profit attributable to shareholders of HK$123,440,742             
    (2003: HK$83,885,614).                                                    
    The basic earnings per share is based on the weighted average number of   
    369,802,256 (2003: 325,159,696) ordinary shares in issue during the year. 
    The diluted earnings per share for the year ended 31st December 2004 is   
    based on 373,012,781 (2003: 327,725,560) ordinary shares which is the     
    weighted average number of ordinary shares in issue during the year plus  
    the weighted average number of 3,210,525 (2003: 2,565,864) ordinary shares
    deemed to be issued at no consideration if all outstanding options had    
    been exercised.                                                           
                                                                              
    For more details, please refer to the press announcement today.