Final Results - Year Ended 31 July 1999

J. Smart & Co(Contractors) PLC
4 November 1999


J SMART & CO (CONTRACTORS) PLC AND SUBSIDIARY COMPANIES
ACCOUNTS FOR THE YEAR ENDED 31 JULY 1999
PRELIMINARY STATEMENT

Group profit for the full year amounted to £3,099,000 in line with our
forecast at the interim stage of a profit of not less than £3,000,000.

The results of J Smart & Co (Contractors) PLC and its subsidiary companies 
for the year ended 31 July 1999 are as follows:-

                                                    1999             1998
                                               £'000    £'000   £'000    £'000

Turnover, as adjusted for the change in 
stocks of finished goods, work in progress
and net of Joint Venture turnover                       14,633          14,045
Own work capitalised                                     1,892           1,162
Other operating income                                   3,484           3,580
                                                        ______          ______
                                                        20,009          18,787
                                                        ______          ______

Group Profit on ordinary activities
before taxation                                          3,099           3,520

Tax on Profit on ordinary activities                       890             760
                                                        ______           _____
Tax on Profit on ordinary activities
after taxation                                           2,209           2,760

Dividends (Note 2)

   Interim paid 2.80p Nett
   (1998 - 2.70p)                               136               137

   Proposed Final 7.70p Nett
   (1998 - 7.50p)                               380               379
                                                ___               ___

                                                           516             516
                                                        ______           _____

Retained Profit for the Year                             1,693           2,244
                                                        ______           _____

Earnings per share                                      21.91p          27.38p

Notes:-

1.     The above profit and loss account is an abridged version of the
       Company's full consolidated accounts which have not yet been filed 
       with the Registrar of Companies and which have not yet been reported
       on by the Company's auditors.

2.     Certain shareholders have waived their rights to the interim dividend
       and the proposed final dividend aggregating £542,819.

3.     There is no difference between the rate of earnings per share when
       calculated on the fully diluted or undiluted basis.

4.     The Annual General Meeting will be held in Edinburgh on 16 December
       1999 and it is intended to pay the proposed final dividend, if
       approved,on 20 December 1999 to members on the register at close of
       business on 3 December 1999.