B&B GROUP<08156> - Results Announcement (Q2, 2005/2006, Summary)



B & B Group Holdings Limited announced on 13/02/2006:
(stock code: 08156 )

Year end date                         :30/06/2006
Currency                              :HKD
Auditors' report                      :N/A
2nd Quarterly Report Reviewed by      :Audit Committee

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com

                                           (Unaudited)       (Unaudited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/07/2005   from 01/07/2004
                                         to 31/12/2005     to 31/12/2004
                                                 $'000             $'000

Turnover                              :         44,061           107,893
Profit/(Loss) from Operations         :          7,124            19,510
Finance cost                          :        (1,340)             (733)
Share of Profit/(Loss) of Associates  :          6,484             2,595
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :         12,090            19,902
% Change Over the Last Period         :         -39.25%
EPS / (LPS)
          Basic (in dollar)           :     HKD 0.0251        HKD 0.0413
          Diluted (in dollar)         :     HKD 0.0242        HKD 0.0409
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :        12,090            19,902
2nd Quarter Dividends per Share       :    HK 0.5 cent       HK 0.5 cent
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd Quarter Dividends   : 24/04/2006   to 28/04/2006   bdi.
Payable Date                          :     04/05/2006
B/C Dates for (-) General Meeting     :            N/A
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A
                                       (bdi: both days inclusive)

For and on behalf of
B & B Group Holdings Limited

Signature :
Name      : Chan Ting
Title     : Director

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading.The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard to
the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

Remarks:
	
1. Basis of preparation and accounting policies
	
The accounts are prepared in accordance with Hong Kong Accounting
Standards ("HKAS") issued by the Hong Kong Institute of Certified Public
Accountants ("HKICPA") and the disclosure requirements of the Rules
Governing the Listing of Securities on the Growth Enterprises Market of
the Stock Exchange of Hong Kong ("the GEM Listing Rules").
	
The accounts have been prepared under the historical cost convention.
	
The accounting policies and methods of computation used in the
preparation of these accounts are consistent with those used in the
annual accounts for the year ended 30 June 2005 except that the Group
has changed certain of its accounting policies following its adoption of
new/revised Hong Kong Financial Reporting Standards and Hong Kong
Accounting Standards ("new HKFRS") which are effective for accounting
periods commencing on or after 1 January 2005.
	
The changes to the Group's accounting policies and the effect of
adopting these new policies are set out below.
	
Business Combination
	
The adoption of HKFRS 3 has resulted in a change in the accounting
policy relating to the discontinuation of amortisation of goodwill
arising on acquisitions. Goodwill will be tested for impairment at least
annually. Goodwill arising on acquisitions after 1 July 2005 is measured
at cost less accumulated impairment losses (if any) after initial
recognition. In prior years, goodwill was capitalised and amortised over
its estimated useful life. As a result of this change in accounting
policy, no amortisation of goodwill has been charged in the current
period. Comparative figures for the corresponding period
have not been restated.
	
Share-base Payments
	
The adoption of HKFRS 2 has resulted in a change in the accounting
policy for employee share option benefits. Until 30 June 2005, the
provision of share options to employees did not result in an expense in
the profit and loss account. Effective on 1 July 2005, the Group
expenses the cost of share options in the profit and loss account.
	
The group has taken advantage of the transitional provisions set out in
paragraph 53 of HKFRS 2 under which the new recognition and measurement
policies have not been applied to the following grants of options:
	
(a)        all options granted to employees on or before 7 November
2002; and
	
(b)        all options granted to employees after 7 November 2002 but
which had vested before 1 January 2005.
	
No adjustments to the opening balances as at 1 July 2005 are required as
no options existed at that time which were unvested at 1 January 2005.
	
2. Turnover and revenue
	
Turnover represents the net invoiced value of the goods sold, after
allowances for returns and trade discounts excluding value-added tax
and business tax. Other revenue represents mainly interest income.
	
3. Taxation
	
No provision for Hong Kong profits tax has been made as the Group did
not have any assessable profits arising in Hong Kong during the period
(2004: Nil).
	
Taxation for other jurisdictions is calculated at the rates prevailing
in the respective jurisdictions.
	
4.  Earnings per share
	
The calculation of basic earnings per share is based on the
unaudited net profit for the three months and six months ended
31 December 2005 of approximately HK$6,239,000 and
HK$12,090,000 respectively (three months and six months ended
31 December 2004: approximately HK$7,839,000 and HK$19,902,000
respectively) and of the weighted average number of
approximately 482,130,000 and 482,130,000 (three months and
six months ended 31 December 2004: approximately 482,078,000
and 481,704,000 respectively) ordinary shares respectively in
issue.
	
The calculation of diluted earnings per share is based on the
unaudited net profit for the three months and six months ended
31 December 2005 of approximately HK$6,239,000 and
HK$12,090,000 respectively (three months and six months ended
31 December 2004: approximately HK$7,839,000 and HK$19,902,000
respectively) and of the weighted average number of
approximately 502,514,000 and 499,319,000 (three months and
six months ended 31 December 2004: approximately 488,582,000
and 486,322,000 respectively) ordinary shares respectively in
issue.
	
5. Dividend
	
On 29 November 2005, a dividend of HK$0.015 per share was paid
to shareholders as the final dividend for the year ended 30
June 2005 (year ended 30 June 2004: HK$0.013 per share).
	
The Board of Directors recommends the payment of an interim
dividend of HK0.5 cent per share for the six months ended 31
December 2005 (six months ended 31 December 2004: HK0.5 cent
per share).