13:43     KAM HING INT'L<02307> - Results Announcement (1)                    

    Kam Hing International Holdings Limited announced on 21/04/2005:          
    (stock code: 02307 )                                                      
    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                           : 1,315,650          1,101,581         
    Profit/(Loss) from Operations      : 141,853            125,491           
    Finance cost                       : (15,870)           (10,357)          
    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       : 105,762            96,356            
    % Change over Last Period          : +9.8      %                          
    EPS/(LPS)-Basic (in dollars)       : 0.202              0.201             
             -Diluted (in dollars)     : 0.202              N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 105,762            96,356            
    Final Dividend                     : 1.6 cents          N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 18/05/2005         to 23/05/2005 bdi.
    Payable Date                       : 06/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 23/05/2005                           
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      The listing date and the basis of presentation                    
                                                                              
    The Company's shares have been listed on the Main Board of The Stock      
    Exchange of Hong Kong Limited since 23 September 2004.                    
                                                                              
    The consolidated financial statements have been prepared using the merger 
    basis of accounting in accordance with Hong Kong Statement of Standard    
    Accounting Practice ("SSAP") No. 27, "Accounting for group                
    reconstructions", as a result of the Group Reorganisation.  On this basis,
    the Company has been treated as the holding company of its subsidiaries   
    for the financial years presented rather than from the date of their      
    acquisition.  Accordingly, the consolidated results of the Group for the  
    years ended 31 December 2003 and 2004 include the results of the Company  
    and its subsidiaries with effect from 1 January 2003 or since their       
    respective dates of incorporation, where this is a shorter period.  The   
    comparative consolidated balance sheet as at 31 December 2003 has been    
    prepared on the basis that the existing Group had been in place at that   
    date.                                                                     
                                                                              
    In the opinion of the directors, the consolidated financial statements    
    prepared on the above basis present more fairly the results and state of  
    affairs of the Group as a whole.                                          
                                                                              
    All significant intercompany transactions and balances within the Group   
    are eliminated in the preparation of the consolidated financial           
    statements.                                                               
                                                                              
    2.      Turnover and revenue                                              
                                                                              
    Turnover represents the net invoiced value of goods sold, after allowances
    for returns and trade discounts, and knitting and dyeing services         
    rendered.  All significant intra-group transactions have been eliminated  
    on consolidation.                                                         
                                                                              
    An analysis of the Group's turnover and other revenue is as follows:      
                                                                              
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
                                                                              
    Turnover                                                                  
    Sale of goods                                   1,309,780       1,090,190 
    Fee income from knitting and dyeing services        5,870          11,391 
                                                    _________       _________ 
                                                    1,315,650       1,101,581 
                                                    _________       _________