08:52     START TECH<00706> - Results Announcement                            

    Start Technology Company Limited announced on 25/04/2005:                 
    (stock code: 00706 )                                                      
    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                           : 290,041            154,882           
    Profit/(Loss) from Operations      : 13,112             3,902             
    Finance cost                       : (2,263)            (479)             
    Share of Profit/(Loss) of                                                 
      Associates                       : (8,543)            N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                1,528             
    Profit/(Loss) after Tax & MI       : 8,054              (10,108)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.016              (0.023)           
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 8,054              (10,108)          
    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                  : To Be Announced                      
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      Basis of Preparation                                              
                                                                              
    These financial results have been prepared in accordance with all         
    applicable Hong Kong Financial Reporting Standards ("HKFRS") (which       
    include all applicable Statements of Standard Accounting Practice and     
    Interpretations) issued by the Hong Kong Institute of Certified Public    
    Accountants ("HKICPA").  These financial results also comply with the     
    applicable disclosure provisions of the Rules Governing the Listing of    
    Securities in the Stock Exchange of Hong Kong Limited (the "Stock         
    Exchange").                                                               
                                                                              
    Early adoption of new HKFRS                                               
                                                                              
    The HKICPA has issued a number of new and revised HKFRS and Hong Kong     
    Accounting Standards ("HKAS")("new HKFRSs") which are effective for       
    accounting periods on or after 1 January 2005.  With effect from January  
    2004, the Group has adopted the following new HKFRSs:                     
                                                                              
    HKFRS3  Business Combination                                              
    HKAS36  Impairment of assets                                              
    HKAS38  Intangible assets                                                 
                                                                              
    2.      Earnings/(loss) per share                                         
                                                                              
    (a)     Basic earnings/(loss) per share                                   
                                                                              
    The calculation of basic earnings/(loss) per share is based on the profit 
    attributable to ordinary shareholders of HK$8,054,000 (2003: loss         
    attributable to ordinary shareholders of HK$10,108,000) and the weighted  
    average number of ordinary shares of 502,123,000 (2003: 440,644,000)      
    shares in issue during the year.                                          
                                                                              
    (b)     Diluted earnings/(loss) per share                                 
                                                                              
    The effect of all potential ordinary shares are anti-dilutive for the     
    years ended 31 December 2004 and 2003.                                    
                                                                              
    For more details, please refer to the press announcement today.