09:03     NEWOCEAN ENERGY<00342> - Results Announcement (1)                   

    NewOcean Green Energy Holdings Limited announced on 22/04/2005:           
    (stock code: 00342 )                                                      
    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  : 1,023,782          446,802           
    Profit/(Loss) from Operations      : 29,885             20,577            
    Finance cost                       : (3,080)            (3,430)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : (644)              N/A               
    Profit/(Loss) after Tax & MI       : 20,178             17,051            
    % Change over Last Period          : +18.3     %                          
    EPS/(LPS)-Basic (in dollars)    2  : 0.0438             0.0521            
             -Diluted (in dollars)     : 0.0433             0.0521            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 20,178             17,051            
    Final Dividend                  3  : 1 cent             0.08 cent         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 13/06/2005         to 17/06/2005 bdi.
    Payable Date                       : 24/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 13/06/2005         to 17/06/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1. Turnover                                                               
                                                                              
    Turnover represents the amounts received and receivable for goods sold by 
    the Group to outside customers, less returns and allowances, for the year,
    and is analysed as follows:                                               
                                                                              
                                            2004            2003              
                                            HK$'000         HK$'000           
                                                                              
    Sale and distribution of liquefied                                        
    petroleum gas ("LPG")                   949,656         428,714           
    Sale of electronic products             69,496          14,769            
    Leasing of investment properties,                                         
    property, plant and equipment           4,630           3,319             
                                            ----------      ---------         
                                            1,023,782       446,802           
                                            ===========     =========         
                                                                              
    Business and Geographical Segments                                        
                                                                              
    The Group is principally engaged in sale and distribution of LPG, sale of 
    electronic products and leasing of property, plant and equipment. These   
    businesses are the basis on which the Group reports its primary segment   
    information.                                                              
                                                                              
    Segment information about these businesses is presented below:            
                                                                              
    Business Segments                                                         
    Income statement                                                          
    For the year ended December 31, 2004:                                     
                                                                              
                                                                              
                             Leasing of                                       
                             investment                                       
                             properties,                                      
    Sale and     Sale of     property,                                        
    distribution electronic  plant and                                        
    of LPG       products    equipment      Unallocated     Consolidated      
    ------------ --------- ------------ ----------------- ---------------     
    HK$'000      HK$'000    HK$'000         HK$'000           HK$'000         
                                                                              
    Segment revenues                                                          
    949,656         69,496  4,630           -               1,023,782         
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