12:52     LEE HING<00068> - Results Announcement                              

    Lee Hing Development Limited announced on 27/04/2005:                     
    (stock code: 00068 )                                                      
    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                           : 255,323            353,418           
    Profit/(Loss) from Operations      : 157,259            181,861           
    Finance cost                       : (4,770)            (11,893)          
    Share of Profit/(Loss) of                                                 
      Associates                       : (17,891)           (48,100)          
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 125,941            117,009           
    % Change over Last Period          : +7.63     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.58               0.35              
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 125,941            117,009           
    Final Dividend                     : 1.00 cent          1.00 cent         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 30/05/2005         to 03/06/2005 bdi.
    Payable Date                       : 17/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 30/05/2005         to 03/06/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    (1) The calculation of earnings per share is based on profit attributable 
    to shareholders of HK$125,941,000 (2003: HK$117,009,000 (restated)) and   
    the weighted average of 217,797,516 (2003: 338,765,471) shares of HK$1    
    each in issue during the year.                                            
                                                                              
                                                                              
                                                                              
    (2) With effect from 1 January 2004, an associate, Silverlink Holdings    
    Limited ("Silverlink") has changed its accounting policy in respect       
    of depreciation of hotel properties..  Prior to 1 January 2004, hotel     
    properties were stated at their open market values on the basis of annual 
    valuations, and no depreciation is provided in respect of the hotel       
    properties of group of Silverlink.  Hotel properties are now depreciated  
    using the straight line method at the rate of 2% per annum and where the  
    hotel properties are located on land held under operating lease, the      
    carrying amount of the leasehold land would be amortised over the         
    remaining life of the lease.  The change in accounting policy has         
    resulted in prior year adjustment.  Accordingly, the Group's opening      
    retained profit and property revaluation reserve as at 1 January 2004     
    has been decreased by HK$3,322,000 and increased by the same amount       
    respectively.