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LUEN THAI<00311> - Results Announcement

Luen Thai Holdings Limited announced on 21/09/2006:
(stock code: 00311 )
Year end date: 31/12/2006
Currency: USD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors

                                                        (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                           : 275,309            267,484           
Profit/(Loss) from Operations   3  : 8,562              15,033            
Finance cost                       : (3,162)            (1,396)           
Share of Profit/(Loss) of 
  Associates                       : 64                 (1,745)           
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (348)              31                
Profit/(Loss) after Tax & MI       : 6,146              12,505            
% Change over Last Period          : -50.9     %
EPS/(LPS)-Basic (in dollars)       : 0.0062             0.0128            
         -Diluted (in dollars)     : 0.0062             0.0128            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 6,146              12,505            
Interim Dividend                   : US$0.00186         US$0.00244
  per Share                          (Equivalent to     (Equivalent to
                                      HK$0.0145)         HK$0.019)
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim Dividend                 : 23/10/2006         to 25/10/2006 bdi.
Payable Date                       : 01/11/2006
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) This condensed consolidated interim financial information for the six 
months ended 30 June 2006 has been prepared in accordance with Hong Kong 
Accounting Standard ("HKAS") 34 "Interim Financial Reporting". The interim 
condensed consolidated financial report should be read in conjunction with 
the annual financial statements for the year ended 31 December 2005.


        
(2) Basic earnings per share is calculated by dividing the profit 
attributable to equity holders of the Company by the weighted average 
number of ordinary shares in issue during the period.

                                        Six months ended 30 June
                                        2006            2005
                                        US$'000         US$'000
                                        (Unaudited)     (Unaudited)
                
Profit attributable to equity holders of the Company    
                                              6,146          12,505
                                =====================================
                
Weighted average number of ordinary shares in issue     
                                        992,500,000     974,061,326
                                =====================================
                
Basic earnings per share (US cents per share)   
                                               0.62            1.28
                                =====================================

There was no dilutive effect on earnings per share since all outstanding 
share options were anti-dilutive.


(3)     Interest income for the period ended 30 June 2005 of approximately 
US$850,000 was reclassified from item as included in "Profit from 
Operations" to item included in "Profit after Taxation and MI" so as to 
conform to 2006's presentation.