Final Results

Heath(Samuel) & Sons PLC
07 July 2005



SAMUEL HEATH & SONS PLC


PRELIMINARY RESULTS FOR THE YEAR ENDED 31st MARCH 2005


CHAIRMAN'S STATEMENT


It has never been my intention in my statements to be deliberately pessimistic,
and then for the Company to produce results better than forecast.


Therefore, it is with an apology, as well it must be confessed some pleasure,
that I have to announce results much better than we could have possibly foreseen
up to the last two months of the trading period to March 31st 2005.


Although in all other areas of the business turnover fell as per our budget, our
range of 'invisible' door closers bucked the trend and showed a very strong
finish at the end of the year.


Profit before tax was £933,000, before a special extra payment to our pension
funds of £250,000.  This extremely satisfactory profit could not have been
achieved without some very painful cuts being administered right through the
Company, as you will notice that our sales are in fact down to £11,375,000 from
£12,131,000.


The reasons for the fall in sales in most departments are the usual ones -
enormous quantities of cheaper imports and difficult trading in the U.S.A., both
made a great deal worse by the weakness of the Dollar.  Europe was by no means
any easier, with some countries experiencing particularly difficult trading
conditions.


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 did not buy any shares.


For the coming year, we now have every sign from our order book of a
considerable slow down in the U.K. market, without any of the others showing an
improvement.  I have therefore little choice in repeating my caution of last
year.


If there were to be a similar drop in sales over all our product ranges, there
would be no more room for the type of savings which produced last year's
respectable profit.  If such an exercise was attempted, it would harm the future
prospects of the Company which, because of the introduction of new products, we
still feel are exciting.


Sam Heath

Chairman

7 July 2005


PROFIT & LOSS ACCOUNT


                                                      Year ended                 Year ended
                                                    31 March 2005              31 March 2004
                                                     £'000         £'000        £'000         £'000

Turnover                                                          11,375                     12,131

                                                                  ======                     ======
Profit on ordinary activities before
taxation                                                             933                        852

Exceptional pension payment                                        (250)                          -
                                                                 -------                    -------
                                                                     683                        852
Taxation



Corporation Tax based thereon                          165                        200



Deferred Taxation                                     (19)           146         (61)           139

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

                                                                 -------                    -------
Profit For The Financial Year                                        537                        713


Dividends

     Interim                                           128                        128
     Final                                             216           344          216           344
                                                   -------       -------      -------       -------
Added to Reserves                                                    193                        369
                                                                  ======                     ======
Dividend per share                                            13.5 pence                 13.5 pence

Earnings per share                                            21.1 pence                 28.0 pence



Notes:


1 Earnings per share are derived from the profit after taxation,
  £537,000 (2004 : £713,000) related to 2,546,818 Ordinary Shares, being the
  average number in issue during the financial year (2004 : 2,546,888)



2 The Annual General Meeting has been fixed for Friday 19th August 2005
  at 12.00 noon.  The Final Ordinary Share dividend of 8.5 pence will be 
  declared payable on Friday 26th August 2005 to ordinary shareholders 
  registered at the close of business on Friday 29th July 2005.


END


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