08:58     GOLIK HOLDINGS<01118> - Results Announcement (1)                    

    Golik Holdings Limited announced on 21/04/2005:                           
    (stock code: 01118 )                                                      
    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                           : 2,554,547          2,162,479         
    Profit/(Loss) from Operations      : 4,513              92,550            
    Finance cost                       : (27,079)           (27,850)          
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 190                (148)             
    Profit/(Loss) after Tax & MI       : (52,271)           12,647            
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0921)           0.0222            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (52,271)           12,647            
    Final Dividend                     : Nil                1.5 cents         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : N/A                                  
    Payable Date                       : N/A                                  
    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.      TURNOVER                                                          
                                                                              
    The following table provides an analysis of the Group's sales by          
    geographical market, irrespective of the origin of the goods/services:    
                 Revenue by                 Contribution to                   
                 geographical market        profit from operations            
               2004         2003            2004            2003              
               HK$'000      HK$'000         HK$'000         HK$'000           
    Hong Kong  1,594,012    1,335,242       (2,640)         71,957            
    Other                                                                     
    regions in                                                                
    the PRC      831,774      722,399       38,647          27,243            
    Macau         39,890       46,335       (2,562)            674            
    United                                                                    
    Kingdom       33,061       23,761         2,192          1,015            
    Others        55,810       34,742         1,737          1,572            
                --------- -------------  -------------   -----------          
                2,554,547   2,162,479        37,374        102,461            
                --------- -------------                                       
    Amortisation of goodwill                (4,473)         (4,502)           
    Release of negative goodwill             1,005             720            
    Impairment loss on goodwill            (10,610)         ---               
    Unallocated other operating income      10,055          15,311            
    Unallocated corporate expenses         (28,838)        (21,440)           
                                           -----------     ----------         
    Profit from operations                   4,513          92,550            
    Finance costs                          (27,079)        (27,850)           
    Loss on disposal of subsidiaries                                          
    / discontinued operations                 (313)        (23,088)           
    Share of results of jointly                                               
     controlled entities                      190             (148)           
                                          ------------ ----------------       
    (Loss) profit before taxation          (22,689)         41,464            
    Income taxes                               806          (8,009)           
                                           ----------- -------------          
    (Loss) profit after taxation           (21,883)         33,455            
                                           =========== ==============         
                                                                              
    2.      (LOSS) EARNINGS PER SHARE                                         
    The calculation of the basic (loss) earning per share is based on the net 
    (loss) earnings for the year and on the 567,362,500 (2003: 567,362,500)   
    ordinary shares in issue.