09:18     BEAUFORTE INV<00021> - Results Announcement (1)                     

    Beauforte Investors Corporation Limited announced on 27/04/2005:          
    (stock code: 00021 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Qualified                                               
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('Million  )       ('Million  )      
    Turnover                           : 18.2               35.4              
    Profit/(Loss) from Operations      : (43.2)             (17.3)            
    Finance cost                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Associates                       : (18.1)             (0.1)             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : (249.7)            (21.2)            
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.85)             (0.07)            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (249.7)            (21.2)            
    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 (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    (1)     LOSS FROM OPERATIONS                                              
                                                                              
                                            2004            2003              
                                            (Audited)       (Audited)         
                                            HK$ million     HK$ million       
    Loss from operations has been arrived                                     
     at after charging (crediting) :                                          
    Depreciation                            0.4             -                 
    Minimum lease rentals in respect of                                       
     rented premises                        1.5             -                 
    Rental income less outgoing of                                            
      HK$ 2.3 million (2003 : HK$3.8                                          
      million)                              (15.9)          (25.7)            
                                            =========       ==========        
                                                                              
    (2)     LOSS PER SHARE                                                    
                                                                              
    The calculation of the basic loss per share is based on the net loss for  
    the year of approximately HK$249.7 million (2003: HK$21.2 million) and    
    292,820,000 (2003: 292,820,000 after taken into effect of the share       
    subdivision effective in July 2004) ordinary shares in issue.             
                                                                              
    There were no dilutive potential ordinary shares in existence during the  
    year and last year,  accordingly, no diluted loss per share figures is    
    presented.                                                                
                                                                              
    (3)     DIVIDEND                                                          
                                                                              
    The Board of Directors does not recommend the payment of a final dividend 
    for the year.  (2003 : HK$Nil)                                            
                                                                              
    (4) SUMMARY OF AUDITORS' REPORT                                           
                                                                              
    An extract of the auditors' report to the shareholders of the Company is  
    set out below:                                                            
                                                                              
    Basis of opinion                                                          
                                                                              
    We planned our audit so as to obtain all the information and explanations 
    which we considered necessary in order to provide us with sufficient      
    evidence to give reasonable assurance as to whether the financial         
    statements are free from material misstatement. However, the evidence     
    available to us was limited.