G. A. HOLDINGS<08126> - Results Announcement

G.A. Holdings Limited announced on 31/03/2005:
(stock code: 08126 )
Year end date: 31/12/2004
Currency: SGD
Auditors' Report: Unqualified

Important Note:

This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results 
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2004    from 01/01/2003
                                     to 31/12/2004      to 31/12/2003
                               Note  ('000      )       ('000      )
Turnover                           : 100,246            139,319           
Profit/(Loss) from Operations      : 4,110              5,959             
Finance cost                       : (1,493)            (1,552)           
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       : 1,741              3,341             
% Change over Last Period          : -47.89    %
EPS/(LPS)-Basic (in dollars)       : 0.0044             0.0084            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 1,741              3,341             
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   


	For and on behalf of 
	G.A. Holdings Limited
  
Name :  Chan Hing Ka Anthony
Title : Chairman and Managing Director  

Responsibility statement 
  
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for
the accuracy of the information contained in this results announcement
form (the "Information") and confirm, having made all reasonable 
inquiries, that to the best of their knowledge and belief the 
Information are accurate and complete in all material respects and
not misleading and that there are no other matters the omission of
which would make the Information herein inaccurate or misleading. The
Directors acknowledge that the Stock Exchange has no responsibility
whatsoever with regard to the Information and undertake to indemnify
the Exchange against all liability incurred and all losses suffered
by the Exchange in connection with or relating to the Information. 

Remarks:
	
1. Basis of preparation
	
The accounts have been prepared in accordance with accounting principles 
generally accepted in Hong Kong and comply with accounting standards issued by 
the Hong Kong Institute of Certified Public Accountants ("HKICPA"). They have 
been prepared under the historical cost convention. 

The HKICPA has issued a number of new and revised Hong Kong Financial Reporting 
Standards and Hong Kong Accounting Standards ("New HKFRSs") which are effective 
for accounting periods beginning on or after 1 January 2005. 

The Group has not early adopted these New HKFRSs in the financial statements for
the year ended 31 December 2004.  The Group has already commenced an assessment 
of the impact of these New HKFRSs but is not yet in a position to state whether 
these New HKFRSs would have a significant impact on its results of operations 
and financial position.  

	
2. Turnover
	
Turnover represents the net invoiced value of goods sold after allowances 
for returns, trade discounts, other taxes related to sales where applicable, 
and services rendered.
	
The Group has recorded a total turnover of approximately
SGD$100,246,000 for the year ended 31 December 2004 representing
a decrease of approximately 28% over the corresponding period
of 2003.
	

	
3. Earnings per share

The calculation of basic earnings per share is based on the 
net profit from ordinary activities attributable to 
shareholders for the year of S$1,741,000 (2003: S$3,341,000) 
and 400,000,000 (2003: 400,000,000) ordinary 
shares in issue during the year.

No diluted earnings per share amounts have been presented for 
the two years ended 31 December 2004 and 2003 as no dilutive potential 
ordinary shares existed during those years.