09:02     ALLIED GROUP<00373> - Results Announcement (2)                      

                                                                              
    2.      Profit after taxation and minority interests                      
                                                                              
    The profit after taxation and minority interests is presented after       
    crediting (charging) the following :                                      
                                                    2004            2003      
                                                    HK$'000         HK$'000   
    Amortisation of goodwill                        (7,142)         (7,142)   
    Release of negative goodwill                    257,610         237,923   
    Amortisation of capital reserve                 17,267          17,267    
                                                    ---------       --------- 
                                                    267,735         248,048   
                                                    =========       ========= 
    3.      Earnings per share                                                
                                                                              
    The calculation of the basic earnings per share is based on the profit    
    attributable to shareholders of HK$759,965,000 (2003 : HK$486,466,000) and
    on the weighted average number of 263,031,343 (2003 : 318,947,269) shares 
    in issue during the year as adjusted for the effect of share consolidation
    which was effective on 23rd July, 2004 under which every ten shares of    
    HK$0.20 each in the issued and unissued share capital of the Company were 
    consolidated into one share of HK$2.00 each.                              
                                                                              
    Diluted earnings per share is not presented as the Company had no dilutive
    potential ordinary shares during both years.