ASIA ALUMINUM<00930> - Results Announcement

Asia Aluminum Holdings Limited announced on 27/10/2004:
(stock code: 00930 )
Year end date: 30/6/2004
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/7/2003      from 1/7/2002  
                                     to 30/6/2004       to 30/6/2003  
                               Note  ('000      )       ('000      )
Turnover                        1  : 2,938,482          2,358,026         
Profit/(Loss) from Operations      : 528,877            446,711           
Finance cost                       : (59,144)           (40,734)          
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (6,768)            N/A               
Profit/(Loss) after Tax & MI       : 222,523            240,519           
% Change over Last Period          : -7.5      %
EPS/(LPS)-Basic (in dollars)    2  : 0.0778             0.0983            
         -Diluted (in dollars)  2  : 0.0752             0.0947            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 222,523            240,519           
Final Dividend                  3  : 1.8 cents          1.8 cents         
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 24/11/2004         to 29/11/2004bdi.
Payable Date                       : 8/12/2004 
B/C Dates for Annual         
  General Meeting                  : 24/11/2004         to 29/11/2004bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

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

2.      The calculation of basic earnings per share is based on the net 
profit attributable to shareholders for the year of HK$222,523,000 (2003: 
HK$240,519,000) and the weighted average number of 2,861,574,074 (2003: 
2,446,290,127) 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$222,523,000 (2003: 
HK$241,191,000) and on 2,957,178,847 (2003: 2,547,615,290) 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.

3.      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 
2004, payable to shareholders whose names appear on the Register of 
Members of the Company on 29 November 2004.  Dividend warrants are to be 
dispatched to the shareholders on or about 8 December 2004.