PEOPLE'S FOOD<00708> - Results Announcement

People's Food Holdings Limited announced on 04/08/2005:
(stock code: 00708 )
Year end date: 31/12/2005
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2005    from 01/01/2004
                                     to 30/06/2005      to 30/06/2004
                               Note  ('000      )       ('000      )
Turnover                           : 3,744,931          3,289,371         
Profit/(Loss) from Operations      : 390,710            440,867           
Finance cost                       : (5,048)            (6,569)           
Share of Profit/(Loss) of 
  Associates                       : 48,879             N/A   
Gain on deemed disposal of 
  Associates                       : 78,376             N/A
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 418,425            361,598           
% Change over Last Period          : +15.7     %
EPS/(LPS)-Basic (in dollars)       : 0.37               0.32              
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 418,425            361,598           
Interim Dividend                   : RMB 0.278          RMB 0.096
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim Dividend                 : 31/08/2005   
Payable Date                       : 13/09/2005
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 consolidation

The unaudited interim results for the six months period ended 30 June 2005 
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 year, after the elimination of all material 
intercompany transactions.  The results of subsidiaries acquired or 
disposed of during the year 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 
2005 are calculated based on the Group's net profit attributable to 
shareholders of approximately RMB418,425,000 (1H 2004: approximately RMB
361,598,000) divided by weighted average number of 1,132,877,209 ordinary 
shares of HK$0.50 each (1H  2004: 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 
2005 and 2004 have not been calculated as no diluting events existed 
during these periods.