PEOPLE'S FOOD<00708> - Results Announcement

People's Food Holdings Limited announced on 11/08/2004:
(stock code: 00708 )
Year end date: 31/12/2004
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2004    from 01/01/2003
                                     to 30/06/2004      to 30/06/2003 
                               Note  ('000      )       ('000      )
Turnover                           : 3,289,371          2,266,193         
Profit/(Loss) from Operations      : 440,867            292,666           
Finance cost                       : (6,569)            (6,369)           
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       : 361,598            242,226           
% Change over Last Period          : +49.3     %
EPS/(LPS)-Basic (in dollars)       : 0.32               0.21              
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 361,598            242,226           
Interim Dividend                   : RMB0.096           RMB0.064          
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : 10/09/2004         
Payable Date                       : 30/09/2004
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.      Listing date

People's Food Holdings Limited's ordinary shares were listed on the 
Singapore Exchange Securities Trading Limited (the "SGX-ST") and The Stock 
Exchange of Hong Kong Limited on 14 March 2001 and 28 October 2002, 
respectively.

2.      Basis of presentation and consolidation

The unaudited interim results for the six months period ended 30 June 2004 
comprise the financial information of People's Food Holdings Limited (the 
"Company") and all of its subsidiaries (hereinafter collectively referred 
to as the "Group") for that period, after the elimination of all material 
intercompany transactions.  The results of subsidiaries acquired or 
disposed of during the period are consolidated from or to their effective 
dates of acquisition or disposal, respectively.  Acquisitions of 
subsidiaries are accounted for using the purchase method of accounting.

All significant intra-group transactions and balances are eliminated on 
consolidation.

3.      The revenue and net profit from ordinary activities attributable 
to shareholders are wholly derived from the Group's continuing operations.

4.      Earnings per share

        Basic earnings per share for the six months period ended 30 June 
2004 are calculated based on the Group's net profit attributable to 
shareholders of approximately RMB361,598,000 (1H 2003: approximately 
RMB242,226,000) divided by 1,133,324,723 ordinary shares of HK$0.50 each 
(1H 2003: 1,133,324,723 ordinary shares of HK$0.50 each) in issue during 
the period.

        Diluted earnings per share for the six months period ended 30 June 
2004 and 2003 have not been calculated as no diluting events existed 
during these periods.