ASIA ALUMINUM<00930> - Results Announcement

Asia Aluminum Holdings Limited announced on 29/10/2003:
(stock code: 00930 )
Year end date: 30/6/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/7/2002      from 1/7/2001  
                                     to 30/6/2003       to 30/6/2002  
                               Note  ('000      )       ('000      )
Turnover                           : 2,358,026          1,965,696         
Profit/(Loss) from Operations      : 446,711            253,436           
Finance cost                       : (40,734)           (42,372)          
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       : 240,519            131,409           
% Change over Last Period          : +83       %
EPS/(LPS)-Basic (in dollars)       : 0.0983             0.0578            
         -Diluted (in dollars)     : 0.0947             0.0531            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 240,519            131,409           
Final Dividend                     : 1.8 cents          1.5 cents         
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 4/12/2003          to 9/12/2003 bdi.
Payable Date                       : 29/12/2003
B/C Dates for Annual         
  General Meeting                  : 4/12/2003          to 9/12/2003 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

                                    
1.      No analysis of turnover from continuing operations and 
discontinued operations is made as all turnover is derived from continuing 
operations in both years.

2.      An analysis of profit from continuing operations and discontinued 
operations is as follows: -

                                Year ended      Year ended      
                                30/06/2003      30/06/2002
                                HK$'000         HK$'000
                        
Profit from operating activities                        
Continuing                      446,711         244,946
Discontinued                    --              8,490
                                ----------      ----------
                                446,711         253,436
                                ==========      =========       

3.      The calculation of basic earnings per share is based on the net 
profit attributable to shareholders for the year of HK$240,519,000 (2002: 
HK$131,409,000) and the weighted average number of 2,446,290,127 (2002: 
2,273,832,402) ordinary shares in issue during the year.

        The calculation of diluted earnings per share is based on the net 
profit attributable to shareholders for the year of HK$241,191,000 (2002: 
HK$133,213,000) and on 2,547,615,290 (2002:2,508,071,214) ordinary shares, 
being the weighted average number of ordinary shares outstanding during 
the year, adjusted for the effects of dilutive potential ordinary shares 
outstanding during the year.

4.      The directors of the Company proposed the payment of a final 
dividend of HK 1.8 cents per ordinary share for the year ended 30 June 
2003, payable to shareholders whose names appear on the Register of 
Members of the Company on 9 December 2003.  Dividend warrants are to be 
dispatched to the shareholders on or about 29 December 2003.