Interim Results

Buckland Investments PLC
21 December 2001

                           BUCKLAND INVESTMENTS PLC

                Results for the six months ended 30 June 2001


Chairman's Statement for the six month period ended 30 June 2001



I am pleased to present the interim results for Buckland for the six month
period ended 30th June 2001 .  The results show a consolidated profit before
tax of £ 25,000 on sales of £ 3.06m, equivalent to a profit per share of 0.16
pence.  No interim dividend is proposed.



Trading



Sales in Europe during the first half of the year were again at a satisfactory
level. Demand for CRT sockets and SCART connectors for the colour TV market
was stable whilst the declining demand for SCARTS for VCRs was offset by good
sales into set top boxes, the developing market for DVD players and some gain
in our market share. Sales of our new range of power input sockets also grew
steadily.



In Asia the computer monitor market fell very sharply in the first half of
2001 compared to the two preceding half years, taking CRT demand down with it.
A large part of our sales in Asia are into this market.



Overall, therefore, our sales for the first half were slightly below budget
but, more significantly, we traded profitably during the period.





Reorganisation of European operations



Following a further review of our operations, it became clear that the costs
of supporting a dedicated commercial department in Europe could not be
justified by the current and likely future levels of business in the region.
It also became apparent that maintaining the R&D team in Paris was not proving
an effective solution once all the manufacturing was in Thailand.  Accordingly
in March of this year Pechiney World Trade were appointed as  our sole
distributor and principal agent for all sales in Europe. We had already worked
with Pechiney in this role for the last ten years in the UK and we were
pleased to be able to conclude this wider agreement with them, which reduces
our net sales and distribution costs in Europe and also enhances our cash
flow. Our R&D effort is now being concentrated in Bangkok with further
recruitment of engineers planned during 2002.



In July of this year we applied to the French Court to place our two French
subsidiaries, CM Investissements SA and Connectic Metallo SA, in Redressement
Judiciaire as a prelude to our cessation of corporate activities in France.



Following the above reorganisation, the group's manufacturing and trading
operations are now concentrated on Euro Asia Connectors Co Ltd, based in
Thailand, and Euro Asia Connectors Co (Hong Kong) Ltd, respectively.
Production in Thailand and deliveries to all our customers worldwide have
continued as normal throughout 2001 despite the changes in France.



Outlook



After several years of restructuring, during which all manufacturing has been
transferred from France to Asia, we are finally seeing the benefits of our
new, much lower cost base. Our profitability has continued to improve during
the second half of 2001 and is expected to strengthen further next year.



 The Directors are currently examining various options to strengthen the
group's overall financial position.  We are also keen to seek ways to develop
the group, building on our now soundly established, low cost manufacturing
base in Thailand.







Patrick Rogers

Chairman



21st  December 2000



Interim Report

Consolidated profit and loss account for the six month period ended 30 June
2001

                                Unaudited       Unaudited                     
                                Six month       Six month        Twelve month 
                             Period ended    Period ended        Period ended 
                                  30 June         30 June    31 December 2000 
                                     2001            2000                     
                                    '000           '000               '000 

  Turnover                          3,064           3,601               7,141 
  Operating profit /                  116           (564)             (1,011) 
  (loss) before interest                                                      
  Net Interest payable               (91)            (69)               (262) 
  Profit / (loss) on                                                          
  ordinary activities                  25           (633)             (1,273) 
  before taxation                                                             
  Taxation                              -               -                   - 
  Profit / (loss) on                                                          
  ordinary activities                  25           (633)             (1,273) 
  after taxation                                                              
  Minority Interests                    -               -                   - 
  Retained profit /                    25           (633)             (1,273) 
  (loss) for the period                                                       
 
  Profit / (loss) per                                                         
  ordinary share                                                              
  Basic                             0.16p         (4.11)p             (8.35)p 
  Diluted                           0.16p         (4.11)p             (8.35)p 
 
Copies of this Interim Report are being sent to shareholders and are
available from the Company Secretary at Buckland Investments plc, 3 Draycott
Place, London SW3 2SE.