Listed Company Information
 

AEON STORES<00984> - Results Announcement

AEON Stores (Hong Kong) Co. Limited announced on 15/09/2006:
(stock code: 00984 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2006    from 01/01/2005
                                     to 30/06/2006      to 30/06/2005
                               Note  ('000      )       ('000      )
Turnover                           : 2,831,340          2,605,943         
Profit/(Loss) from Operations      : 46,644             50,263            
Finance cost                       : (331)              (4)               
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       : 28,027             37,273            
% Change over Last Period          : -24.81    %
EPS/(LPS)-Basic (in dollars)       : 0.1078             0.1434            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 28,027             37,273            
Interim Dividend                   : 5.5 cents          5.5 cents
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim Dividend                 : 10/10/2006         to 12/10/2006 bdi.
Payable Date                       : 18/10/2006
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.      BASIS OF PREPARATION

The condensed financial statements have been prepared in accordance with 
the applicable disclosure requirements of Appendix 16 to the Rules 
Governing the Listing of Securities ("Listing Rules") on The Stock 
Exchange of Hong Kong Limited ("Stock Exchange") and with Hong Kong 
Accounting Standard ("HKAS") 34 "Interim Financing Reporting" issued by 
the Hong Kong Institute of Certified Public Accountants ("HKICPA").

2.      PRINCIPAL ACCOUNTING POLICIES

The condensed financial statements have been prepared on the historical 
cost basis except for certain financial instruments, which are measured at 
fair values.

The accounting policies used in the condensed financial statements are 
consistent with those followed in the preparation of the Group's annual 
financial statements for the year ended 31 December 2005 except as 
described below.

In the current period, the Group has applied, for the first time, a number 
of new standards, amendments and interpretations (hereinafter collectively 
referred to as "new HKFRSs") issued by the HKICPA that are either 
effective for accounting periods beginning on or after 1 December 2005 or 
1 January 2006.  The application of the new HKFRSs has had no material 
effect on how the results for the current and prior accounting periods are 
prepared and presented.  Accordingly, no prior period adjustments is 
required.

The Group has not early applied the following new standards, amendments 
and interpretations that have been issued but are not yet effective.  The 
directors of the Company anticipate that the application of these 
standards, amendments or interpretations will have no material impact on 
the financial statements of the Group.

HKAS 1 (Amendment)      Capital disclosures1
HKFRS 7                 Financial instruments: Disclosures1
HK(IFRIC) - INT 7       Applying the restatement approach under HKAS 29
                        "Financial Reporting in Hyperinflationary 
                        Economies"2
HK(IFRIC) - INT 8       Scope of HKFRS 23
HK(IFRIC) - INT 9       Reassessment of embedded derivatives4

1 Effective for annual periods beginning on or after 1 January 2007.
2 Effective for annual periods beginning on or after 1 March 2006.
3 Effective for annual periods beginning on or after 1 May 2006.
4 Effective for annual periods beginning on or after 1 June 2006.


3.      INCOME TAX EXPENSES
                                    Six months ended
                                30.6.2006       30.6.2005
                                -------------------------
                                HK$'000         HK$'000
Current tax:
        Hong Kong Profits Tax   10,730          10,095
        PRC income tax          6,122           3,292
                                -------------------------
                                16,852          13,387
Underprovision in prior year
        PRC income tax          3,215           -   
                                -------------------------
                                20,067          13,387
Deferred tax:
        (Credit) charge for the period  
                                (2,975)         1,191
                                -------------------------                       
                                17,092          14,578
                                =======================

Hong Kong Profits Tax is calculated at 17.5% of the estimated assessable 
profit for the period.

The PRC income tax is calculated at 33% of the estimated assessable 
profits of the subsidiaries.

4.      DIVIDENDS
                                    Six months ended
                                30.6.2006       30.6.2005
                                -------------------------
                                HK$'000         HK$'000
Final dividend paid in respect of the year ended
    31 December 2005 of 14.0 HK cents
    (year ended 31 December 2004: 8.5 HK cents)
    per ordinary shares         
                                36,400          22,100
                                =========================

The directors have declared that an interim dividend of 5.5 HK cents (six 
months ended 30.6.2005: 5.5 HK cents) per share amounting to HK$14,300,000 
(six months ended 30.6.2005: HK$14,300,000) be paid to the shareholders of 
the Company whose names appear on the Register of Members on 10 October 
2006. The interim dividend will be paid on or before 18 October 2006.


5.      EARNINGS PER SHARE

The calculation of earnings per share attributable to the equity holders 
of the parent is based on the Group's profit for the period attributable 
to the equity holders of the parent of HK$28,027,000 (six months ended 
30.6.2005: HK$37,273,000) and on 260,000,000 (six months ended 30.6.2005: 
260,000,000) ordinary shares in issue during the period.