OXFORD PPT<00220> - Results Announcement

Oxford Properties & Finance Limited announced on  20/5/2004:
(stock code: 00220 )
Year end date: 31/1/2004
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/2/2003      from 1/2/2002  
                                     to 31/1/2004       to 31/1/2003  
                               Note  ('000      )       ('000      )
Turnover                           : 59,339             67,715            
Profit/(Loss) from Operations      : 37,532             40,360            
Finance cost                       : (3,402)            (4,998)           
Share of Profit/(Loss) of 
  Associates                       : (211)              88                
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 25,657             26,060            
% Change over Last Period          : -2        %
EPS/(LPS)-Basic (in dollars)       : 0.379              0.385             
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 25,657             26,060            
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
                                                                                
                                                        2003
                                                                                
                                                        HK$'000
Restatement of profit (loss) after Taxation & MI

Profit (loss) after Taxation & MI previous reported                             
                                                        27,409
Deferred tax for the period recognized resulting from 
adoption of revised accounting standard                 (1,349)
                                                        ---------
Profit (loss) after taxation & MI                       26,060
                                                        ======

2
                                                                                
                                                                2003
                                                                HK Cents

Earning per share

Earning per share before adjustment as previously reported      40.5
Adjustment arising from adoption of revised accounting standard ( 2.0)
                                                                -------
Restated                                                        38.5
                                                                ====