Hong Kong, Mar 24, 2006 AEST (ABN Newswire) - CITIC PACIFIC (HK: 00267) announced that the net profit attributable to shareholders for the year ended 2005 was HK$3,989 million, an increase of 13% compared with HK$3,534 million for the same period in 2004 (as restated). The reasons for the increase in profit are described in the full Financial Review, figures summarised below.

HK$ million
2001      2002     2003     2004      20052,084     3,835    1,293    3,534     3,989   

Business Segments Contribution
The contribution (Note) made by major business segments in the year of 2005, compared with the year of 2004, were:
Contribution                                     (Restated)HK$ million                 2005        2004         2005 - 2004Aviation                    1,058       1,398        (340)Civil Infrastructure          413         329          84Power Generation              368         439         (71)Communications                (31)        133        (164)Property                    1,106         559         547Special Steel Manufacturing   808         438         370Marketing & Distribution      232         284         (52)Fair Value change of Investment Properties         755         181          574
Note: Please refer to Definition of Terms of the Annual Report.

CITIC Pacific's 2005 Annual Report includes a letter from the Chairman to shareholders, the annual accounts and other information required by accounting standards, legislation, and the Hong Kong Stock Exchange. The Financial Review is designed to assist the reader in understanding the statutory information by discussing the contribution of each business segment, and the financial position of the company as a whole.

The Full Financial Review Available at;
http://www.citicpacific.com/upload/en/20060324-1E.pdf



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 3) (Last 30 Days: 22) (Since Published: 5528)