UBA INVESTMENTS<00768> - Results Announcement

UBA Investments Limited announced on   7/7/2004:
(stock code: 00768 )
Year end date: 31/3/2004
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/4/2003      from 1/4/2002  
                                     to 31/3/2004       to 31/3/2003  
                               Note  ($         )       ($         )
Turnover                           : 56,603,865         8,179,890         
Profit/(Loss) from Operations      : 11,620,212         (18,157,102)      
Finance cost                       : (29,974)           (61,113)          
Share of Profit/(Loss) of 
  Associates                       : 0                  0                 
Share of Profit/(Loss) of
  Jointly Controlled Entities      : 0                  0                 
Profit/(Loss) after Tax & MI       : 11,590,238         (18,018,215)      
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.011              (0.017)           
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : 0                  0                 
Profit/(Loss) after ETD Items      : 11,590,238         (18,018,215)      
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 Annual         
  General Meeting                  : 16/8/2004          to 23/8/2004 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

1.      Turnover for the year is as follow:

                                                        Year ended              
                                                2004            2003
                                                (audited)       (audited)      
                                                HK$             HK$
Proceed form sale of listed securities                             
                                                54,086,786      2,697,639
Dividend income from listed securities           2,502,268      1,062,251
Dividend income from unlisted securities            14,811      4,420,000
                                                -------------------------
                                                56,603,865      8,179,890
                                                =========================

2.      The Group has not disclosed business segment nor geographical 
information as required under SSAP 26, as the Group has one single 
business segment, investment holding, and it only operates in Hong Kong.

3.      Earnings (loss) per share

The basic earnings (loss) per share is based on the Group's profit 
attributable to shareholders of HK$ 11,590,238 (2003: loss of HK$ 
18,018,215) and the weighted average of 1,059,778,200 (2003: 
1,048,671,500) ordinary shares in issue during the year.

There is no diluted earnings per share for the years ended March 31, 2004 
and 2003 presented since the Company has no dilutive potential ordinary 
shares.