BENEFUN INT'L<01130> - Results Announcement

Benefun International Holdings Limited announced on 11/10/2004:
(stock code: 01130 )
Year end date: 30/06/2004
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/07/2003    from 01/07/2002
                                     to 30/06/2004      to 30/06/2003 
                               Note  ('000      )       ('000      )
Turnover                           : 189,474            163,559           
Profit/(Loss) from Operations      : 8,127              4,199             
Finance cost                       : (550)              (901)             
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 3,909              210               
% Change over Last Period          : +1,761    %
EPS/(LPS)-Basic (in dollars)       : 0.0036             0.0002            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 3,909              210               
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.      Earnings/(loss) per share

The calculation of basic earnings per share is based on the consolidated 
profit attributable to shareholders of HK$3,909,000 (2003: HK$210,000) 
divided by the weighted average of 1,080,696,000 ordinary shares (2003: 
961,929,000 ordinary shares) in issue during the year.  Diluted figures 
are not shown as there is no dilutive effect for the year ended 30 June 
2004 (2003: Nil).


2.      Certain comparative figures for the year ended 30 June 2003 have 
been restated due to adoption of SSAP12 (Revised) "Income Taxes" in the 
current year.