Interim Results

Heath(Samuel) & Sons PLC
09 December 2002


SAMUEL HEATH & SONS PLC

INTERIM RESULTS


CHAIRMAN'S STATEMENT

As I made quite clear in my annual statement and again at the annual meeting,
the results for the first six months' trading are down considerably in
comparison with the same period last year.

The pressure on margins has come from all over the world and in most areas of
our activities.  However, you can see that we still remain profitable.

It would be pleasant to be able to report that since the end of the half year,
business has perked up, but the truth is that it has become even more difficult.
It is not easy to predict where we will be at the end of March, although we
are hopeful that the launch of some new lines will help cushion the fall.

The results of the group for the half year ended 30 September 2002 which have
been neither audited nor reviewed by our external auditors were as follows :-



GROUP PROFIT & LOSS ACCOUNT
                                                               Half-year           Half-year               Year
                                                                Ended 30            Ended 30           Ended 31
                                                               September           September              March
                                                                    2002                2001               2002
                                                                  £000's              £000's             £000's

TURNOVER
   Export                                                          2,215               2,288              4,644
   Home                                                            4,100               4,093              8,188
                                                                 -------             -------            -------
                                                                   6,315               6,381             12,832
                                                                 =======             =======            =======

GROUP PROFIT before taxation                                         391                 548              1,252
Deduct : Estimated corporation tax                                   117                 164                254
                                                                 -------             -------            -------
GROUP PROFIT after taxation                                          274                 384                998
Deduct : Dividends 5.0 pence per share                               131                 133                345
                                                                 -------             -------            -------
   (2001: 5.0 pence)                                                 143                 251                653
                                                                 =======             =======            =======

*   EARNINGS per 10p SHARE (in pence)                              10.3p               14.4p              37.6p
                                                                 =======             =======            =======



RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS


Profit for the Period                                                274                384                  998
Dividends                                                          (131)              (133)                (345)
Purchase of Own Shares                                              (70)               (64)                 (65)
                                                                 -------            -------              -------
                                                                      73                187                  588
Opening Shareholders' Funds                                        6,789              6,201                6,201
                                                                 -------            -------              -------
Closing Shareholders' Funds                                        6,862              6,388                6,789
                                                                 =======            =======              =======



*  Earnings per share are based upon 2,650,416 ordinary shares, being the
average number of ordinary shares in issue during this half year (2001:
£384,000 related to 2,659,242 ordinary shares).

An interim dividend of 5.0 pence per share is proposed and will be payable on
31 March 2003 with a record date of 7 March 2003.




GROUP BALANCE SHEET
                                                                         Unaudited
                                                                             at 30                      At 31
                                                                         September                      March
                                                                              2002                       2002
                                                                            £000's                     £000's

Tangible Fixed Assets                                                        2,901                      2,953
                                                                           =======                    =======
Current Assets                                                               6,343                      6,401
Creditors                                                                  (1,978)                    (2,152)
Net Current Assets                                                           4,365                      4,249
                                                                           =======                    =======

Total Assets Less Current Liabilities                                        7,266                      7,202
Provision for Liabilities and Charges                                        (404)                      (413)
                                                                           -------                    -------
                                                                             6,862                      6,789
                                                                           =======                    =======

CAPITAL AND RESERVES
      Called up Share Capital                                                  263                        265
      Other Reserves                                                         6,599                      6,524
                                                                           -------                    -------
                                                                             6,862                      6,789
                                                                           =======                    =======



The results for the year ended 31 March 2002 are an abridged version of the
group's full  accounts for that year which received an unqualified auditors'
report and have been filed with the Registrar of Companies.

A copy of this announcement will be sent to all ordinary Shareholders.  Further
copies are available to members of the public from the Company's registered
office.

The interim financial statements have been prepared in accordance with
applicable accounting standards.  The accounting policies applied are those set
out in the Annual Report and Accounts for the year ended 31 March 2002


On behalf of the Board

S.B. Heath
Chairman


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