13:31     SING TAO<01105> - Results Announcement                              

    Sing Tao News Corporation Limited announced on 25/04/2005:                
    (stock code: 01105 )                                                      
    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                           : 1,441,070          1,181,558         
    Profit/(Loss) from Operations      : 3,438              4,344             
    Finance cost                       : (764)              (643)             
    Share of Profit/(Loss) of                                                 
      Associates                       : (3)                (6,206)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 19,820             2,689             
    Profit/(Loss) after Tax & MI       : 4,701              12,368            
    % Change over Last Period          : -62       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0026             0.0068            
             -Diluted (in dollars)     : 0.0026             0.0067            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 4,701              12,368            
    Final Dividend                     : NIL                NIL               
      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 Annual                                                      
      General Meeting                  : 23/05/2005         to 27/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    (a)     Basic earnings per share                                          
                                                                              
    The calculation of basic earnings per share is based on the net profit    
    from ordinary activities attributable to shareholders for the year of HK$ 
    4,701,000 (2003: HK$12,368,000) and the weighted average of 1,834,438,526 
    (2003: 1,827,265,463) ordinary shares in issue during the year.           
                                                                              
    (b)     Diluted earnings per share                                        
                                                                              
    The calculation of diluted earnings per share is based on the net profit  
    attributable to shareholders for the year of HK$4,701,000 (2003: HK$12,   
    368,000) and the weighted average number of 1,836,919,367 (2003: 1,836,   
    694,504) ordinary shares, after adjusting for the effects of all dilutive 
    potential ordinary shares during the year.                                
                                                                              
    The reconciliation of weighted average number of shares used in           
    calculation of basic earnings per share and diluted earnings per share is 
    as follows:                                                               
                                                                              
                                            2004            2003              
    Weighted average number of ordinary                                       
      shares used in basic earnings per                                       
      share calculation                     1,834,438,526   1,827,265,463     
    Weighted average number of ordinary                                       
      shares:                                                                 
        Assumed issued at no consideration                                    
          on deemed exercise of all share                                     
          options outstanding during                                          
          the year                          2,480,841       3,272,948         
        Assumed issued on the deemed                                          
          conversion of all preference                                        
          shares at the beginning of                                          
          the year                          -               6,156,093         
                                            -------------   --------------    
    Weighted average number of ordinary                                       
      shares used in diluted earnings                                         
      per share calculation                 1,836,919,367   1,836,694,504     
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