ASIA ALUMINUM<00930> - Results Announcement

Asia Aluminum Holdings Limited announced on 29/03/2005:
(stock code: 00930 )
Year end date: 30/06/2005
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/07/2004    from 01/07/2003
                                     to 31/12/2004      to 31/12/2003
                               Note  ('000      )       ('000      )
Turnover                        1  : 1,762,862          1,448,564         
Profit/(Loss) from Operations   1  : 348,119            213,520           
Finance cost                       : (34,726)           (33,334)          
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (6,439)            (4,141)           
Profit/(Loss) after Tax & MI       : 152,253            83,470            
% Change over Last Period          : +82       %
EPS/(LPS)-Basic (in dollars)    2  : 0.048              0.0316            
         -Diluted (in dollars)  2  : 0.0476             0.0304            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 152,253            83,470            
Interim Dividend                3  : Nil                1.2 cents
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim 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   

Remarks:

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

2.      EARNINGS PER SHARE

The calculation of the basic and diluted earnings per share is based on 
the following datas:
                                      Six months ended
                                31/12/04                31/12/03
                                (Unaudited)             (Unaudited)
                                HK$'000                 HK$'000

Earnings
Earnings (net profit for the period) for the purpose of 
basic and diluted earnings per share calculation
                                152,253                 83,470
                                =========               ========


Number of shares
Weighted average number of ordinary shares for the 
  purpose of basic earnings per share calculation       
                                3,175,232,401           2,640,413,552
Effect of dilutive share options   25,642,857              49,800,000
Effect of dilutive convertible bonds    -                  56,124,477
                                --------------          ---------------

Weighted average number of ordinary shares for 
  the purpose of diluted earnings per share     
                                3,200,875,258           2,746,338,029
                                =============           ===============

3.The directors of the Company did not declare any interim dividend for the 
six months ended 31 December 2004 (2003:HK1.2 cents per share).