Listed Company Information
 

MENGNIU DAIRY<02319> - Results Announcement

China Mengniu Dairy Company Limited announced on 23/08/2005:
(stock code: 02319 )
Year end date: 31/12/2005
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors

                                                        (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                           : 4,754,042          3,472,671         
Profit/(Loss) from Operations      : 344,099            253,749           
Finance cost                       : (12,892)           (13,622)          
Share of Profit/(Loss) of 
  Associates                    2  : (4,710)            415               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 246,527            184,080           
% Change over Last Period          : +33.9     %
EPS/(LPS)-Basic (in dollars)    1  : 0.22               0.24              
         -Diluted (in dollars)  1  : 0.18               0.16              
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 246,527            184,080           
Interim Dividend                   : NIL                NIL
  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.      Earnings per share      

The calculation of the basic earnings per share for the six months ended 
30 June 2005 is based on the net profit from ordinary activities 
attributable to equity holders of the Company of RMB246,527,000 (six 
months ended 30 June 2004: RMB184,080,000) and the weighted average number 
of ordinary shares of 1,131,897,000 (six months ended 30 June 2004: 781,
593,000) outstanding during the period.

The calculation of the diluted earnings per share for six months ended 30 
June 2005 is based on the net profit from ordinary activities attributable 
to equity holders of the Company of RMB246,527,000 (six months ended 30 
June 2004: RMB184,080,000) and the weighted average number of ordinary 
shares outstanding during the period (adjusted for the effects of dilutive 
potential ordinary shares) of 1,368,416,000 (six months ended 30 June 
2004: 1,150,010,000).

A reconciliation of the weighted average number of shares used in 
calculating the basic and diluted earnings per share is as follows:

                                          Unaudited
                                          For the six months
                                          ended 30 Jun
                                        2005            2004
                                        Number of       Number of
                                        '000 shares     '000 shares

Weighted average number of ordinary 
 shares for the purpose of basic
 earnings per share calculation         1,131,897       781,593
Weighted average number of ordinary
 shares, assuming issued at conversion
 of convertible instrument during the
 period                                 236,519         368,417
                                        -----------     ----------
Weighted average number of ordinary
 shares for the purpose of diluted
 earnings per share calculation         1,368,416       1,150,010
                                        ===========     ==========

2.      As a result of the revision of IAS 1 "Presentation of Financial 
Statements", the share of associates' taxation for the six months ended 30 
June 2004 of approximately RMB901,000 was included in the income statement 
as share of profit or loss of associates instead of the income tax 
expense.