Final Results

Heath(Samuel) & Sons PLC
08 July 2004


SAMUEL HEATH & SONS PLC

PRELIMINARY RESULTS FOR THE YEAR ENDED 31 MARCH 2004

CHAIRMAN'S STATEMENT

The results for the year ended 31st March 2004 in the end proved to be much more
satisfactory than had sometimes seemed possible during a time when competition
in the marketplace was fierce.  A profit of £852,000 was achieved on a lower
sales figure of £12,131,000.

Our heavy investment programme continued, with modern machinery being purchased,
both to cut costs and make new products.  During this trading period, the sales
of our Xenon taps continued to gain market share, after their launch at the end
of the previous year.

As will be apparent from the accounts, the Group continues to have a strong
balance sheet, and your Directors believe that a purchase of the Company's
shares at the right price level could benefit the Company, and thereby its
shareholders.  Accordingly, your Directors are seeking your approval for the
purchase of up to 15% of the issued share capital, 382,023 shares, between
Annual General Meetings.

During the last year the Company bought back 4,250 shares.

Our prospects for the current year are far from clear, except that it is certain
that the pace of world competition has quickened over the last months.  We are
therefore budgeting for a profit in 2004/05 considerably lower than last year's.

There is however one bright star.  Over a number of years, we have been working
on a much more powerful invisible door closer which would meet current
standards, to go alongside the Perko and Perkomatic.  This development has been
carried out at considerable expense, all written off, it must be said, in the
year of the expense.  We have worked with academics, universities, and many
other companies, but I am proud to say that most of the innovation - because of
course we have been working in new territory - has been created 'in-house'
within our factory.  The new closer is to be called the Perko Powermatic(R), and
it is due to be launched in October.  The effect on the Profit and Loss Account
in the current year is likely to be at best neutral, because of the initial
promotion costs, but we see this product as an important part of our future
strategy.

Your Board is recommending a final dividend of 8.5 pence per share, making a
total of a same again 13.5 pence for the full year.

Sam Heath
Chairman
8 July 2004


PROFIT & LOSS ACCOUNT

                                                      Year ended                 Year ended
                                                    31 March 2004              31 March 2003
                                                     £'000         £'000        £'000         £'000

Turnover                                                          12,131                     12,738

                                                                ========                   ========
Profit on ordinary activities before
taxation                                                             852                      1,062

Taxation                                                             139                        235

                                                                 -------                    -------

Profit For The Financial Year                                        713                        827


Dividends

     Interim                                           128                        128
     Final                                             216           344          216           344
                                                   -------       -------      -------       -------
Added to Reserves                                                    369                        483
                                                                ========                   ========
Dividend per share                                            13.5 pence                 13.5 pence

Earnings per share                                            28.0 pence                 31.5 pence


Notes:
     
1.   Earnings per share are derived from the profit after taxation, £713,000 
     (2003 : £827,000) related to 2,546,888 Ordinary Shares, being the average 
     number in issue during the financial year (2003: 2,624,904).
     
2.   The Annual General Meeting has been fixed for Friday 20th August 2004 at 
     12.00 noon.  The Final Ordinary Share dividend of 8.5 pence will be 
     declared payable on Friday 20th August 2004 and the record date for this 
     dividend is Friday 30th July 2004.


END

                      This information is provided by RNS
            The company news service from the London Stock Exchange