SOUNDWILL HOLD<00878> - Results Announcement

Soundwill Holdings Limited announced on  14/9/2004:
(stock code: 00878 )
Year end date: 31/12/2004
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2004      from 1/1/2003  
                                     to 30/6/2004       to 30/6/2003  
                               Note  ('000      )       ('000      )
Turnover                           : 63,214             50,968            
Profit/(Loss) from Operations      : 42,053             44,517            
Finance cost                       : (19,607)           (30,508)          
Share of Profit/(Loss) of 
  Associates                       : (19)               6                 
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 16,048             14,179            
% Change over Last Period          : +13       %
EPS/(LPS)-Basic (in dollars)       : 0.1514             0.1717 (Restated)            
         -Diluted (in dollars)     : 0.1507             0.1687 (Restated)
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 16,048             14,179            
Interim Dividend                   : Nil                Nil               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim 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)     Earnings per share

The calculation of basic and diluted earnings per share are based on the 
unaudited consolidated profit attributable to shareholers of HK$16,048,000 
for the period (30 June 2003: HK$14,179,000)

The basic earnings per share is based on the weighed average of 
106,005,071 shares (30 June 2003: 82,582,014 shares for the effect of 
bonus issue) in issue during the six months ended 30 June 2004.

The diluted earnings per share is based on 106,005,071 shares (30 June 
2003: 82,582,014 shares for the effect of bonus issue) which is the 
weighted average number of shares in issue during the six months ended 30 
June 2004 plus the weighted average of 463,170 shares (30 June 2003: 
1,464,000 shares) deemed to be issued if all outstanding warrants and 
share options granted by the Company were exercised.


(2)     Dividend

The directors do not recommend the payment of interim dividend in respect 
of the period (30 June 2003: Nil)

(3)     Bonus issue of shares

On 8 June 2004, the company made a bonus issue on the basis of one new 
share for every five existing shares held on 31 May 2004.