08:56     EVERBEST CENT<00578> - Results Announcement (2)                     

    3.      ANALYSIS OF PROFIT / (LOSS) FROM CONTINUING OPERATIONS AND        
    DISCONTINUED OPERATIONS.                                                  
                                                                              
    Discontinued operation          Continuing operation                      
    Garments                        Generation and sale of electricity        
                    Period from                     Period from               
    Year ended      1 April 2003 to Year ended      1 April 2003 to           
    31 December     31 December     31 December     31 December               
    2004            2003            2004            2003                      
    HK$'000         HK$'000         HK$'000         HK$'000                   
    Segment revenue:                                                          
    Sales to external customers                                               
    1,300           27,763          118,711         -                         
    Other revenue and gains                                                   
    4               195             959             -                         
    -------------------------------------------------------                   
    Total                                                                     
    1,304           27,958          119,670         -                         
    =====================================================                     
    Segment results                                                           
    (6,442)         (67)            24,074          -                         
    ====================================================                      
    Share of profits and losses of:                                           
    Associates                      23,302          25,728                    
    Amortisation of goodwill                                                  
    on acquisition of associates    ( 2,046)        ( 3,069)                  
                                                                              
    Continuing operation                                                      
    Others                          Consolidated                              
                    Period from                     Period from               
    Year ended      1 April 2003 to Year ended      1 April 2003 to           
    31 December     31 December     31 December     31 December               
    2004            2003            2004            2003                      
    HK$'000         HK$'000         HK$'000         HK$'000                   
    Segment revenue:                                                          
    Sales to external customers                                               
    -               -               120,011         27,763                    
    Other revenue and gains                                                   
    -               21,717          963             21,912                    
    --------------------------------------------------------                  
    Total                                                                     
    -               21,717          120,974         49,675                    
    ========================================================                  
    Segment results                                                           
    (2,911)         17,760          14,721          17,693                    
    ===============================                                           
    Unallocated other revenue and gains                                       
                                    204             1,278                     
    Unallocated expenses            (10,350)        (7,841)                   
                                    -------------------------                 
    Profit from operating activities  4,575         11,130                    
    Finance costs                   (4,966)         (751)                     
    Share of profits and losses of:                                           
    Associates                                                                
    -               -               23,302          25,728                    
    Amortisation of goodwill                                                  
    on acquisition of associates                                              
    -               -               (2,046)         (3,069)                   
                                    --------------------------                
                                    21,256          22,659                    
                                    --------------------------                
    Profit before taxation          20,865          33,038                    
    Taxation                        (447)           (8,611)                   
                                    --------------------------                
    Profit before minority interests 20,418         24,427                    
    Minority interests              (5,720)         761                       
                                    -------------------------                 
    Net profit for the year         14,698          25,188                    
                                    =======================                   
                                                                              
    4.      EARNINGS PER SHARE                                                
                                                                              
    The calculation of basic earnings per share is based on the profit        
    attributable to shareholders for the year of HK$14,698,000 (period from 1 
    April 2003 to 31 December 2003: HK$25,188,000), and the weighted average  
    of 375,862,612 (period from 1 April 2003 to 31 December 2003: 376,053,523)
    ordinary shares outstanding during the year.                              
                                                                              
    No diluted earnings per share have been shown for the current year        
    and the prior period because the exercise price of the share options      
    outstanding during the year/period was higher than the average market     
    price of the Company's shares and, accordingly, there was no dilutive     
    effect on the basic earnings per share.                                   
                                                                              
    5.      CHANGE OF YEAR END DATE                                           
                                                                              
    Following an ordinary resolution passed by shareholders of the Company in 
    the Annual General Meeting held on 25 August 2003, the year end date of   
    the Company was changed from 31 March to 31 December with immediate       
    effect.  Therefore, the current annual results covered twelve months from 
    1 January 2004 to 31 December 2004 while the last annual results nine     
    months from 1 April 2003 to 31 December 2003.                             
                                                                              
    For more details, please refer to the press announcement today.