08:57     LUEN THAI<00311> - Results Announcement (1)                         

    Luen Thai Holdings Limited announced on 21/04/2005:                       
    (stock code: 00311 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: USD                                                             
    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                           : 553,766            544,924           
    Profit/(Loss) from Operations      : 38,363             33,994            
    Finance cost                       : (1,432)            (1,362)           
    Share of Profit/(Loss) of                                                 
      Associates                       : 529                681               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : (829)              18                
    Profit/(Loss) after Tax & MI       : 30,361             23,566            
    % Change over Last Period          : +28.8     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.039              0.035             
             -Diluted (in dollars)     : 0.039              0.035             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 30,361             23,566            
    Final Dividend                     : US$0.0052          N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 31/05/2005         to 03/06/2005 bdi.
    Payable Date                       : 07/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 31/05/2005         to 03/06/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    (1)  Listing date and basis of presentation of results                    
                                                                              
    The Company's shares were listed on the Stock Exchange on 15th July 2004. 
                                                                              
    On 27th June 2004, pursuant to a group reorganisation (the "              
    Reorganisation") in preparation for the listing of the shares of the      
    Company on the Main Board of The Stock Exchange of Hong Kong Limited (the 
    "Stock Exchange"), the Company acquired the entire issued share capital of
    Luen Thai Overseas Limited ("LTO") through a share exchange and became the
    holding company of LTO and its subsidiaries.  Details of the              
    Reorganisation are set out in the prospectus of the Company dated         
    30th June 2004.                                                           
                                                                              
    The Reorganisation is accounted for using the merger accounting as        
    permitted by the Statement of Standard Accounting Practice ("SSAP")       
    Number 27 "Accounting for group reconstructions" issued by HKICPA.  The   
    consolidated accounts of the Group for the year ended 31st December 2004, 
    including the comparative figures, are prepared as if the Company had been
    the holding company of the Group from the beginning of the earliest period
    presented.                                                                
                                                                              
                                                                              
    (2)  Turnover                                                             
                                                                              
    The Group is principally engaged in the manufacturing and trading of      
    garment and textile products, the provision of freight forwarding and     
    logistic and system consultancy services. Revenues recognised during the  
    year are as follows:                                                      
                                                                              
                                            2004            2003              
                                            US$'000         US$'000           
                                                                              
    Turnover -                                                                
                                                                              
    Sales of garment and textile products                                     
     - third parties                        537,933         512,722           
     - a jointly controlled entity            3,465              -            
                                                                              
    Provision for freight forwarding and logistic services                    
     - third parties                         10,659          29,177           
     - related companies and a jointly controlled entity                      
                                              1,414           2,463           
                                                                              
    Provision for system consultancy services                                 
                                                295             562           
                                            ------------    -----------       
                                            553,766         544,924           
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