08:50     KARL THOMSON<00007> - Results Announcement (1)                      

    Karl Thomson Holdings Limited announced on 26/04/2005:                    
    (stock code: 00007 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/04/2004    from 01/04/2003   
                                         to 31/12/2004      to 31/03/2004     
                                   Note  ('000      )       ('000      )      
    Turnover                        4  : 29,753             47,031            
    Profit/(Loss) from Operations      : (1,603)            8,223             
    Finance cost                       : (9)                (45)              
    Share of Profit/(Loss) of                                                 
      Associates                       : 5,321              N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI    6  : 45,684             8,148             
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)    5  : 0.099              0.018             
             -Diluted (in dollars)  5  : 0.099              0.018             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 45,684             8,148             
    Final Dividend                     : 0                  0                 
      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                  : 18/05/2005         to 25/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    NOTES TO FINANCIAL STATEMENTS                                             
    For the nine months ended 31 December 2004                                
                                                                              
    1.      GENERAL                                                           
                                                                              
    The Company is an exempted company incorporated under the Companies Act   
    1981 of Bermuda (as amended). Its ultimate holding company is J&A         
    Investment Limited, which is incorporated in the British Virgin Islands.  
                                                                              
    The Company is an investment holding company. The principal activities of 
    the Group are the provision of financial services, including stockbroking,
    futures and options broking, mutual funds and insurance-linked investment 
    plans and products broking, securities margin financing and corporate     
    finance advisory services.                                                
                                                                              
    2.      CHANGE OF FINANCIAL YEAR END DATE                                 
                                                                              
    During the period, the Company changed its financial year end date from 31
    March to 31 December.  The financial statements for the current period    
    cover the nine month period from 1 April 2004 to 31 December 2004.  The   
    corresponding amounts shown for the income statement, statement of changes
    in equity and related notes cover a twelve month period from 1 April 2003 
    to 31 March 2004 and therefore may not be comparable with amounts shown   
    for the current period.  The period covered by the 2004 financial         
    statements is less than twelve months because the directors considered it 
    is appripriate to change the Company's financial year end date in order to
    cope with the financial year end date of its principal revenue generating 
    associate.