08:46     NIPPON ASIA INV<00603>&<02970> - Results Announcement (3)           

                                                                              
                                    Discontinuing operations                  
                                    ------------------------                  
                    Manufacture and trading of                                
                    silicone rubber product                 Consolidated      
                                   Six months ended 31 January                
              2005 HK$'000     2004 HK$'000     2005 HK$'000     2004 HK$'000 
                              (Reclassified)                    (Reclassified)
                                                                              
    Segment revenue:                                                          
    Turnover       2,821           10,243             56,392          38,960  
    _________________________________________________________________________ 
    Segment results                                                           
                  (9,975)            (346)           (93,159)        (33,618) 
    _________________________________________________________________________ 
    Finance costs    -                -               (2,108)         (1,465) 
    Amortization & impairment                                                 
    of goodwill      -                -                  (50)            (51) 
    Profit/(loss) before tax                                                  
                    (9,975)            (346)         (95,317)        (35,134) 
    _________________________________________________________________________ 
                                                                              
    Tax              (24)              -                (764)          (112)  
    _________________________________________________________________________ 
    Profit/(loss) before minorty interests                                    
                  (9,999)            (346)           (96,081)       (35,246)  
    _________________________________________________________________________ 
                                                                              
    Minorty interests  -               -              (1,867)          (206)  
    _________________________________________________________________________ 
                                                                              
                                                                              
    Net profit/(loss) from ordinary                                           
    activities attributable to shareholders                                   
                  (9,999)            (346)           (97,948)       (35,452)  
    _________________________________________________________________________ 
                                                                              
    By Geographical Segment:-                                                 
                                                                              
                                    Continuing operations                     
                                    ---------------------                     
                            Investment in Internet,                           
                            information technology                            
                            and other activities      Natural gas business    
                                   Six months ended 31 January                
              2005 HK$'000     2004 HK$'000     2005 HK$'000     2004 HK$'000 
                              (Reclassified)                    (Reclassified)
                                                                              
    Segment revenue                                                           
                                                                              
    Hong Kong        -               -               -               -        
    Mainland China   -               -              53,571           28,717   
                                                                              
    Asia (other than Mainland China)                                          
                     -               -               -                -       
                                                                              
                                                                              
    North America    -               -               -                -       
                                                                              
    Europe           -               -               -                -       
                                                                              
    Other countries  -               -               -                -       
    _______________________________________________________________________   
                     -               -              53,571           28,717   
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