08:53     POLY INV HOLD<00263> - Results Announcement (1)                     

    Poly Investments Holdings Limited announced on 25/04/2005:                
    (stock code: 00263 )                                                      
    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                           : 140,617            418,348           
    Profit/(Loss) from Operations      : (14,953)           19,561            
    Finance cost                       : (6,118)            (13,066)          
    Share of Profit/(Loss) of                                                 
      Associates                       : (389)              (1,989)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 6,016              4,964             
    Profit/(Loss) after Tax & MI       : (7,171)            13,644            
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0059)           0.0112            
             -Diluted (in dollars)     : N/A                0.0112            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (7,171)            13,644            
    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.      Analysis of turnover                                              
                                                                              
                                            2004            2003              
                                            HK$'000         HK$'000           
    Continuing operations                   140,617         146,264           
    Discontinued operation *                -               272,084           
                                            ---------       ---------         
                                            140,617         418,348           
                                            =========       =========         
                                                                              
    2.      Analysis of (loss) / profit from operations                       
                                                                              
                                            2004            2003              
                                            HK$'000         HK$'000           
    Continuing operations                   (6,967)         19,795            
    Discontinued operation *                -               8,294             
    Unallocated corporate expenses          (7,986)         (8,528)           
                                            ----------      ---------         
                                            (14,953)        19,561            
                                            ==========      =========         
                                                                              
    *       The Group discontinued its manufacturing and trading of chemical  
    fibers operation with effect from 26th September, 2003.