UBA INVESTMENTS<00768> - Results Announcement

UBA Investments Limited announced on 29/10/2004:
(stock code: 00768 )
Year end date: 31/03/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2004    from 01/04/2003
                                     to 30/09/2004      to 30/09/2003 
                               Note  ($         )       ($         )
Turnover                           : 4,834,464          22,920,335        
Profit/(Loss) from Operations      : (10,879,673)       5,800,707         
Finance cost                       : (12,045)           (457)             
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       : (10,891,718)       5,800,250         
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.01)             0.0055            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (10,891,718)       5,800,250         
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. Turnover for the period is as follow:
  
                                                      Six months ended
                                                        30 September
                                                     2004        2003
                                                  (unaudited) (unaudited)
                                                     HK$         HK$    

Proceed from sale of listed securities             4,588,144  22,785,039
Dividend income from listed and unlisted securities  246,320     135,296
                                                   ---------- -----------
                                                   4,834,464  22,920,335
                                                   ========== ===========
2. Basic loss / earning per share

   The basic loss / earning per share is based on the Group's loss    
attributable to shareholders for the period of HK$ 10,891,718 
  (2003: profit of HK$ 5,800,250) and the weighted average number of    
ordinary shares of 1,059,778,200 shares (2003: 1,059,778,200 shares) 
   in issue during the period.

   No diluted loss / earning per share for the six months ended 
   30 September 2004 and 2003 are presented respectively as the Company    
does not have dilutive potential ordinary shares.