Hans Energy Company Limited announced on 29/08/2006:

(stock code: 0554 ) Year end date: 31/12/2006
Currency: HKD
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 : 84,586 105,285
Profit/(Loss) from Operations :126,993 75,811
Finance cost : (6,736) (12,069)
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 : 97,915 53,729
% Change over Last Period : +82.2%
EPS/(LPS)-Basic (in dollars) : 0.0374 0.0247
-Diluted (in dollars) : 0.0269 0.0163
Extraordinary(ETD) Gain/(Loss): N/A N/A
Profit/(Loss) after ETD Items : 97,915 53,729
Interim Dividend per Share : Nil Nil
(Specify if with other options) : N/A N/A


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 calculations of the basic and diluted earnings per share based on the share capital of the Company are as follows:

Six months ended 30th June
2006 2005
HK$'000 HK$'000
Profit attributable to ordinary equity shareholders (basic)
97,915 53,729

Effect of interest on liability component of Convertible Notes
6,736 9,208

Profit attributable to ordinary equity shareholders (diluted)
104,651 62,937


Number of Number of
Shares Shares

Weighted average number of ordinary shares for the purposes of basic earnings per share

2,620,000,000 2,171,381,215

Effect of conversion of Convertible Notes

1,270,000,000 1,678,839,779

Weighted average number of ordinary shares for the purposes of diluted earnings per share

3,890,000,000 3,850,220,994


2. COMPENSATION INCOME

Apart from the business turnover, the Group received compensation from Sinopec Guangdong HK$86,971,000 (30 June 2005: HK$ nil), in respect ofloss of income caused by the construction work carried out adjacent to Xiao Hu Island Terminal by Sinopec Guangdong, during the six months ended 30 June 2006. There are neither unfilled conditions nor other contingencies attached to the receipt or usage of this compensation income.